Discovery’s share price has risen and fallen dramatically over the past few months. As recently as mid-March its share price was an impressive $77, and an all-time high. But within 10 days of that date the value had slumped to $41.

April 7th saw a very slight recovery to $43.39 and prompted a report from Deutsche Bank who reminded investors that at the beginning of this year Discovery’s share price was just $30.63, and attempted to put the year’s performance into perspective.

In essence, the bank is expecting an improved revenue growth outlook potentially deriving from the recently launched Discovery+ streaming service.

Moreover, Deutsche Bank has maintained its ‘Buy’ advice and has even issued a much enhanced price target of $60 per share (up from the previous $35) and indicating a 38 per cent potential uposide.

One obvious highlight is Discovery’s ‘ownership’ of some valuable Olympic Games coverage rights. However, there’s a growing opinion that the US – and some Western nations – are looking to boycott the upcoming 2022 Winter Games to be held in Beijing and host city Zhangijakou in February 2022.

Other posts by Chris Forrester:

1. Germany’s ISAR planning IPO?
2. South Korea showcases latest satellite
3. Bank trims SES expectations
4. Terran Orbital sues CTO over coup attempt
5. Analyst: Dish bankruptcy “overwhelmingly probable”
6. Huawai confirms satellite mega-constellation
7. Bank downgrades Virgin Galactic
8. Rivada Networks wins legal action
9. Starship Test 3 before Xmas?

Categories: Blogs, Broadcast, Business, Inside Satellite

Tags: Deutsche Bank, discovery