11:25 AM EDT, 07/28/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We are raising our target price by $3 to $15, applying a forward TEV/EBITDA at 7.8x our 2026 EBITDA estimate of $9.0B, or $3.67 per share compared to the historical average of 8.4x in 2024 and the three-year average of 11.8x. We keep our net loss estimates at -$0.35 in 2025 and -$0.10 in 2026 versus consensus net loss at -$0.21 and EPS +$0.06, respectively. On the August 7 earnings call, we are anticipating more details on the planned corporate restructuring of its linear networks (cable TV and broadcast) separate from film and streaming HBO MAX. The expected closing date is in mid-2026. The Global Networks business includes CNN, TNT Sports, Discovery, and the Discovery+ streaming service. In this fast-moving and highly competitive market, we believe WBD will have to be on its game to execute and deliver shareholder value.