Discovery (DISCA) Receives a Rating Update from a Top Analyst
In a report released today, Laura Martin from Needham maintained a Hold rating on Discovery (DISCA). The company’s shares closed last Monday at $55.11.
According to TipRanks.com, Martin is a top 100 analyst with an average return of 38.5% and a 68.9% success rate. Martin covers the Services sector, focusing on stocks such as Peloton Interactive, World Wrestling, and Walt Disney.
Currently, the analyst consensus on Discovery is a Moderate Buy with an average price target of $36.00, representing a -30.9% downside. In a report released today, Rosenblatt Securities also maintained a Hold rating on the stock.
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The company has a one-year high of $51.43 and a one-year low of $17.12. Currently, Discovery has an average volume of 8.48M.
Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is neutral on the stock.
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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. The U.S. Networks segment owns and operates national television networks such as Discovery Channel, Animal Planet, and Investigation Discovery and Science. The International Networks segment consists of international television networks and websites. The Education and Other segment offers curriculum-based product and service offerings. The Corporate and Inter-segment Eliminations segment represents unallocated corporate amounts. The company was founded by John S. Hendricks in September 1982 and is headquartered in Silver Spring, MD.
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