Warner Bros. Discovery (NASDAQ:WBD) The stock last saw a 1% rise to trade at $10.62, and looks to close out the month and quarter with strong gains. On a yearly basis, WBD performed poorly, falling 6.2% versus a 23.7% gain in 2024 for the S&P 500 (SPX). However, this underperformance may represent an ideal buying opportunity, as stocks tend to outperform in January.
Warner Bros Discovery stock maintains a spot on the list of Rocky White, Schiffer’s chief quantitative analyst. The 25 Best SPX Stocks You Can Own Next month. According to White’s data, WBD averaged a 10.8% return in January — the best average return on the list — and has finished the month higher in seven of the past 10 years. A similar move from where it currently stands would put the stock above $11.75, or back near its yearly highs in early December.
A decline in pessimism among analysts could benefit security. Of the 25 companies in coverage, 14 recommend a tepid “hold,” leaving room for brokerage coverage to upgrade the stock.