Warner Bros Discovery may soon become a hot target for buyers. Analysts at Wells Fargo said the company’s streaming and studios arm could attract strong interest once it officially separates from the networks business in 2026. Among the possible bidders, they believe Netflix stands out as the most logical match.
Wells Fargo raised its price target on Warner Bros Discovery shares by one dollar to fourteen. The brokerage assigned a 30 percent chance that the streaming and studios unit will eventually be sold. In a bullish scenario, analysts value the company’s content operations at around 65 billion dollars, which translates to more than twenty-one dollars per share.
The reasoning is simple. Warner Bros Discovery’s streaming and studios division has heavy firepower. It spends roughly twelve billion dollars a year on content, owns a library worth about six and a half billion, and controls a massive hundred-acre studio lot. For Netflix, which thrives on a steady flow of original programming, that would be a perfect fit. Wells Fargo even estimates such a deal could boost Netflix’s earnings by nearly 18 percent by 2030 and push its market cap toward the trillion-dollar mark.
The bank did note that other players could also show interest. Amazon, Apple, Comcast, Paramount’s parent company Sky, and Sony were all listed as potential suitors. Still, hurdles exist. Big tech buyers could face strict regulatory reviews. Sky’s owners may struggle with financing such a deal. Sony would have to rethink its current strategy to justify the purchase.
In the best-case “blue sky” scenario, Wells Fargo sees a 75 percent probability of a sale. If that happens, Warner Bros Discovery’s share value could climb above twenty dollars.