Barrington Reaffirms Their Buy Rating on Discovery Inc (DISCA)


Barrington analyst James Goss maintained a Buy rating on Discovery Inc (DISCA) today and set a price target of $40. The company’s shares opened today at $29.97.

According to TipRanks.com, Goss is a 5-star analyst with an average return of 9.0% and a 55.8% success rate. Goss covers the Services sector, focusing on stocks such as Lions Gate Ent Corp Cl A, Nexstar Media Group Inc, and Sirius XM Holdings Inc.

Currently, the analyst consensus on Discovery Inc is a Moderate Buy with an average price target of $36.50.

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Based on Discovery Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.7 billion and net profit of $317 million. In comparison, last year the company earned revenue of $2.84 billion and had a net profit of $176 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, Education and Other, and Corporate and Inter-segment Eliminations.

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