Jim Cramer Advises Holding Warner Bros. Discovery for at Least $20

Warner Bros. Discovery, Inc. (NASDAQ:WBD) is one of the stocks on Jim Cramer’s radar. Cramer started his game plan for the week with the company, as he commented:

“Monday, we find out if Paramount Skydance is serious about acquiring Warner Brothers Discovery, the suddenly red-hot media company with a steamy stock. CEO David Zaslav has been crowing to anyone who will listen that, as he cleans up the balance sheet while dominating the box office, making some of the best shows for Apple TV, and so many others that his stock deserves to soar.

Turns out he was right, although it didn’t happen until the takeover talk from Paramount Skydance run by David Ellison, yes, son of Larry Ellison, who founded Oracle. And depending on the action in the market, he’s either the world’s richest or second-richest man. Who knows? Zaslav wants an auction. Apple, Amazon, Netflix, I don’t know who else will bid, but we’ll be all over it on Monday. If you own it, hold out for at least 20 bucks, please. Although I think it’s worth a lot more.”

Warner Bros. Discovery, Inc. (NASDAQ:WBD) operates in the media and entertainment industry, producing, distributing, and licensing content across film, television, streaming platforms, and gaming. The company oversees a broad collection of established brands and franchises through its streaming services, traditional linear networks, and digital channels.

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Disclosure: None. This article is originally published at Insider Monkey.