Barrington analyst James Goss maintained a Buy rating on Discovery Comms (NASDAQ: DISCA) today and set a price target of $30. The company’s shares opened today at $23.81.
Goss observed:
“We feel much of the pain in securing these rights has been endured, creating the potential to reap benefits from this point.”
According to TipRanks.com, Goss is a 5-star analyst with an average return of 13.4% and a 61.0% success rate. Goss covers the Services sector, focusing on stocks such as Lions Gate Ent Corp Cl A, Sirius XM Holdings Inc, and Cinemark Holdings Inc.
Currently, the analyst consensus on Discovery Comms is Moderate Buy and the average price target is $26.83, representing a 12.7% upside.
In a report issued on April 24, Deutsche Bank also upgraded the stock to Buy with a $34 price target.
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Based on Discovery Comms’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.87 billion and GAAP net loss of $767 million. In comparison, last year the company earned revenue of $1.62 billion and had a net profit of $215 million.
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Discovery, Inc. is a media company, which engages in the provision of content across distribution platforms and digital distribution arrangements. It operates through the following segments: U.S. Networks, International Networks, and Education and Other. The U.S.
