Warner Music Group (WMG) Stock Forecast & Price Target

$31.85 +0.67 (+2.15%)

(As of 11/22/2024 ET)

Warner Music Group - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 14 Analyst Ratings

Sell
2

Hold
4

Buy
8

Based on 14 Wall Street analysts who have issued ratings for Warner Music Group in the last 12 months, the stock has a consensus rating of "Hold." Out of the 14 analysts, 2 have given a sell rating, 4 have given a hold rating, and 8 have given a buy rating for WMG.

Consensus Price Target

$36.00
13.03% Upside

According to the 14 analysts' twelve-month price targets for Warner Music Group, the average price target is $36.00. The highest price target for WMG is $44.00, while the lowest price target for WMG is $23.00. The average price target represents a forecasted upside of 13.03% from the current price of $31.85.

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WMG Analyst Ratings Over Time

Type	Current Forecast 11/25/23 to 11/24/24	1 Month Ago 10/26/23 to 10/25/24	3 Months Ago 8/27/23 to 8/26/24	1 Year Ago 11/25/22 to 11/25/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	8 Buy rating(s)	7 Buy rating(s)	10 Buy rating(s)	12 Buy rating(s)
Hold	4 Hold rating(s)	3 Hold rating(s)	5 Hold rating(s)	4 Hold rating(s)
Sell	2 Sell rating(s)	2 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$36.00	$36.17	$37.19	$37.19
Forecasted Upside	13.03% Upside	11.69% Upside	27.14% Upside	11.61% Upside
Consensus Rating	Hold	Hold	Moderate Buy	Moderate Buy

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WMG Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

WMG Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Warner Music Group Stock vs. The Competition

Type	Warner Music Group	Consumer Discretionary Companies	S&P 500
Consensus Rating Score	2.43	2.56	2.50
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	13.03% Upside	1,212.17% Upside	7.66% Upside
News Sentiment Rating	Neutral News See Recent WMG News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/22/2024	Macquarie 2 of 5 stars	T. Nollen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Neutral ➝ Neutral	$30.00 ➝ $30.00	-5.81%
11/22/2024	Guggenheim 2 of 5 stars		Reiterated Rating	Buy ➝ Buy	$44.00 ➝ $44.00	+37.54%
11/22/2024	JPMorgan Chase & Co. 3 of 5 stars		Lower Target	Overweight ➝ Overweight	$41.00 ➝ $40.00	+25.39%
11/22/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$32.00 ➝ $31.00	-0.58%
10/4/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Neutral ➝ Underperform	$33.00 ➝ $30.00	-5.84%
9/12/2024	Tigress Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	I. Feinseth Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$52.00 ➝ $44.00	+54.01%
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8/13/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$42.00 ➝ $36.00	+30.86%
8/8/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$40.00 ➝ $36.00	+27.39%
8/8/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$37.00 ➝ $34.00	+20.31%
7/12/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Brisco Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Outperform	$37.00	+22.76%
7/11/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy ➝ Buy	$43.00 ➝ $38.00	+28.77%
7/10/2024	Redburn Atlantic Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Neutral ➝ Sell	$21.00 ➝ $23.00	-24.19%
5/6/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Overweight ➝ Overweight	$43.00 ➝ $43.00	+25.95%
4/18/2024	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$36.00 ➝ $38.00	+13.60%
10/3/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy	$34.00 ➝ $37.00	+19.01%
9/22/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Neutral ➝ Neutral	$34.00	+10.64%
9/21/2023	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$37.00	+21.67%
8/9/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$35.00 ➝ $40.00	+20.96%
7/25/2023	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	$38.00	+24.51%
6/2/2023	Atlantic Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Overweight ➝ Neutral	$39.00 ➝ $26.00	+6.60%
2/13/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform	$36.00	+5.66%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 10:48 PM ET.

Should I Buy Warner Music Group Stock? WMG Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, November 21, 2024. Please send any questions or comments about these Warner Music Group pros and cons to contact@marketbeat.com.

Warner Music Group
Bull Case

Here are some ways that investors could benefit from investing in Warner Music Group Corp.:

The current stock price is $32.21, which is relatively close to the average target price of $36.17 set by analysts, indicating potential for price appreciation.
Warner Music Group Corp. has recently increased its quarterly dividend from $0.17 to $0.18 per share, reflecting a commitment to returning value to shareholders. This translates to an annualized dividend yield of approximately 2.24%.
Analysts have assigned a consensus rating of "Hold" with a mix of buy and outperform ratings, suggesting that there is confidence in the company's stability and growth potential.
The company reported earnings per share of $0.27, exceeding the consensus estimate, which indicates strong financial performance and effective management.
Warner Music Group Corp. has a robust market capitalization of approximately $16.68 billion, which provides a solid foundation for future growth and investment opportunities.

Warner Music Group
Bear Case

Investors should be bearish about investing in Warner Music Group Corp. for these reasons:

Several analysts have recently downgraded their price targets for Warner Music Group Corp., with some setting targets as low as $23.00, indicating potential concerns about future performance.
The company has a high debt-to-equity ratio of 6.26, which suggests that it relies heavily on debt financing. This could pose risks, especially in a rising interest rate environment.
Despite a strong earnings report, the revenue of $1.55 billion fell short of the consensus estimate of $1.58 billion, which may raise concerns about the company's growth trajectory.
Insider selling has been noted, with the CEO selling a significant number of shares, which could signal a lack of confidence in the company's short-term prospects.
Market volatility, as indicated by a beta of 1.38, suggests that the stock may experience larger fluctuations compared to the overall market, which could be a risk for conservative investors.

WMG Forecast - Frequently Asked Questions

: According to the research reports of 14 Wall Street equities research analysts, the average twelve-month stock price forecast for Warner Music Group is $36.00, with a high forecast of $44.00 and a low forecast of $23.00.
: 14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Warner Music Group in the last twelve months. There are currently 2 sell ratings, 4 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" WMG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WMG, but not buy additional shares or sell existing shares.
: According to analysts, Warner Music Group's stock has a predicted upside of 13.03% based on their 12-month stock forecasts.
: Warner Music Group has been rated by research analysts at Bank of America, Barclays, Guggenheim, JPMorgan Chase & Co., Macquarie, and Tigress Financial in the past 90 days.
: Analysts like Warner Music Group less than other "consumer discretionary" companies. The consensus rating for Warner Music Group is Hold while the average consensus rating for "consumer discretionary" companies is Moderate Buy. Learn more on how WMG compares to other companies.

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This page (NASDAQ:WMG) was last updated on 11/24/2024 by MarketBeat.com Staff

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Warner Music Group (WMG) Stock Forecast & Price Target