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. Airbus flies high with Zephyr HAPS
2. Bank: Australia linear TV “shows weakness”
3. Intelsat left SES “on the hook” for C-band costs
4. Bank: Viaplay de-risked for Q4
5. Bank: “Video Games will rebound in 2023”
6. Analyst: “Disney problems self-inflicted”
7. Bank upgrades SES
8. Bank raises Netflix to ‘Buy’
9. SES borrows €300m from EIB

Categories: Blogs, Broadcast, Business, Inside Satellite

Tags: Deutsche Bank, discovery