Warner Music Group (WMG) Stock Forecast & Price Target

$31.15

-0.05 (-0.16%)

(As of 01:10 PM 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

Moderate Buy

Based on 12 Analyst Ratings

Sell
1

Hold
3

Buy
8

Based on 12 Wall Street analysts who have issued ratings for Warner Music Group in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 12 analysts, 1 has given a sell rating, 3 have given a hold rating, and 8 have given a buy rating for WMG.

Consensus Price Target

$36.92
18.66% Upside

According to the 12 analysts' twelve-month price targets for Warner Music Group, the average price target is $36.92. The highest price target for WMG is $45.00, while the lowest price target for WMG is $23.00. The average price target represents a forecasted upside of 18.66% from the current price of $31.15.

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WMG Analyst Ratings Over Time

Type	Current Forecast 10/1/23 to 9/30/24	1 Month Ago 9/1/23 to 8/31/24	3 Months Ago 7/3/23 to 7/2/24	1 Year Ago 10/1/22 to 10/1/23
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)	10 Buy rating(s)	11 Buy rating(s)	10 Buy rating(s)
Hold	3 Hold rating(s)	5 Hold rating(s)	5 Hold rating(s)	5 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$36.92	$37.19	$37.88	$35.53
Forecasted Upside	18.66% Upside	29.98% Upside	23.73% Upside	13.16% Upside
Consensus Rating	Moderate Buy	Moderate Buy	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	2.58	2.56	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	19.01% Upside	3,256.90% Upside	6.35% Upside
News Sentiment Rating	Positive 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
9/12/2024	Tigress Financial 2 of 5 stars	I. Feinseth Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$52.00 ➝ $44.00	+54.01%
8/13/2024	Deutsche Bank Aktiengesellschaft 3 of 5 stars		Lower Target	Buy ➝ Buy	$42.00 ➝ $36.00	+30.86%
8/8/2024	Macquarie 2 of 5 stars	T. Nollen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Neutral ➝ Neutral	$32.00 ➝ $32.00	+12.32%
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%
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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%
4/5/2024	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$46.00 ➝ $45.00	+36.78%
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	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Overweight ➝ Overweight	$40.00	+31.54%
9/21/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Equal Weight ➝ Equal Weight	$33.00	+8.52%
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%
11/23/2022	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underperform ➝ Neutral	$23.00 ➝ $33.00	+6.14%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 01:29 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 Saturday, September 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.:

Warner Music Group Corp. reported earnings per share (EPS) of $0.27 for the quarter, exceeding analysts' consensus estimates by $0.02. This indicates strong financial performance and potential growth.
The company recently increased its quarterly dividend from $0.17 to $0.18, showcasing confidence in its financial stability and commitment to rewarding shareholders.
Insider buying and selling activities, such as CEO Max Lousada selling shares at an average price of $28.17, can provide insights into the company's leadership's confidence in its future prospects.
Analysts have given Warner Music Group Corp. a "Moderate Buy" rating with an average price target of $37.19, suggesting positive sentiment and potential upside for investors.
Large institutional investors and hedge funds have been increasing their positions in Warner Music Group Corp., indicating confidence in the company's long-term growth potential.

Warner Music Group
Bear Case

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

Warner Music Group Corp. had revenue of $1.55 billion for the quarter, slightly below analyst estimates of $1.58 billion, which could raise concerns about the company's ability to meet revenue expectations.
Despite positive financial indicators, such as a return on equity of 101.32% and a net margin of 8.56%, the company's dividend payout ratio of 72.00% may be considered high, potentially limiting future dividend growth.
Some Wall Street analysts have issued mixed ratings on Warner Music Group Corp., with one analyst giving a sell rating, which could reflect uncertainties or risks associated with the company's performance.
Recent price target adjustments by analysts, such as Deutsche Bank lowering the target from $42.00 to $36.00, may suggest concerns about the company's valuation or growth prospects.
While the company has shown resilience, the music industry's volatility and evolving landscape could pose challenges for Warner Music Group Corp.'s long-term growth and profitability.

WMG Forecast - Frequently Asked Questions

: According to the research reports of 12 Wall Street equities research analysts, the average twelve-month stock price forecast for Warner Music Group is $36.92, with a high forecast of $45.00 and a low forecast of $23.00.
: 12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Warner Music Group in the last year. There is currently 1 sell rating, 3 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" WMG shares.
: According to analysts, Warner Music Group's stock has a predicted upside of 18.51% based on their 12-month stock forecasts.
: Warner Music Group has been rated by research analysts at Deutsche Bank Aktiengesellschaft, Evercore ISI, Jefferies Financial Group, Macquarie, Redburn Atlantic, Tigress Financial, Wells Fargo & Company, and Wolfe Research in the past 90 days.
: Analysts like Warner Music Group more than other "consumer discretionary" companies. The consensus rating score for Warner Music Group is 2.58 while the average consensus rating score for "consumer discretionary" companies is 2.56. Learn more on how WMG compares to other companies.

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This page (NASDAQ:WMG) was last updated on 9/30/2024 by MarketBeat.com Staff

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