Jim Cramer on Warner Bros: "I Think You Gotta Hold Onto It"

Warner Bros. Discovery, Inc. (NASDAQ:WBD) is one of the stocks Jim Cramer was recently asked about. Answering a caller’s query about WBD during the recent episode, Cramer said:

“Okay, I think you gotta hold onto it… I think that the CEO, David Zaslav, is going to get you $24 to $27 a share. It’s at $20. I would not sell this stock yet.”

Warner Bros. Discovery, Inc. (NASDAQ:WBD) creates, distributes, and streams entertainment content across film, television, and gaming. Discussing Q3’s noteworthy stocks during the October 1 episode, Cramer mentioned the company and said:

“The third winner is Warner Brothers Discovery, which had been a long-time underperformer, but it came alive this quarter past, rallying over 70% thanks first to an improved balance sheet and a better box office, and then of course to takeover chatter… David Zaslav, the CEO of Warner Brothers Discovery, has been tempted to unlock value by separating the Warner Brothers studio and HBO Max streaming platform from the Discovery Global television assets. A takeover bid would front-run that change. We haven’t seen one develop yet, but I wouldn’t be surprised if there’s a big auction for Warren Brothers Discovery if Paramount makes its move.”

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