Universal Music Group (UMGNF) Stock Forecast & Price Target

$26.15

0.00 (0.00%)

(As of 09/13/2024 ET)

Stock Analysis Analyst Forecasts Chart Headlines Short Interest

Universal 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 8 Analyst Ratings

Based on 8 Wall Street analysts who have issued ratings for Universal Music Group in the last 12 months, the stock has a consensus rating of "Hold." Out of the 8 analysts, 7 have given a hold rating, and 1 has given a buy rating for UMGNF.

Consensus Price Target

N/A

According to the 8 analysts' twelve-month price targets for Universal Music Group,

Type	Current Forecast 9/17/23 to 9/16/24	1 Month Ago 8/18/23 to 8/17/24	3 Months Ago 6/19/23 to 6/18/24	1 Year Ago 9/17/22 to 9/17/23
Consensus Rating	Hold	Hold	Moderate Buy	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	1 Buy rating(s)	1 Buy rating(s)	1 Buy rating(s)	3 Buy rating(s)
Hold	7 Hold rating(s)	7 Hold rating(s)	1 Hold rating(s)	0 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	N/A	N/A	N/A	N/A
Forecasted Upside	N/A	N/A	N/A	N/A

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UMGNF 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.

UMGNF 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.

Universal Music Group Stock vs. The Competition

Type	Universal Music Group	Communication Services Companies	S&P 500
Consensus Rating Score	2.13	2.61	2.50
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside		66.30% Upside	7.98% Upside
News Sentiment Rating	Neutral News	Neutral 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	Action	Rating	Price Target
8/29/2024	BNP Paribas 3 of 5 stars	Upgrade	Neutral ➝ Outperform
7/25/2024	Wells Fargo & Company 3 of 5 stars	Downgrade	Overweight ➝ Equal Weight
7/25/2024	Guggenheim 3 of 5 stars	Downgrade	Buy ➝ Neutral
7/25/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral
7/25/2024	Kepler Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Hold
7/25/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Overweight ➝ Equal Weight
7/12/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Peer Perform
5/20/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Reduce ➝ Hold
9/15/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Overweight
9/13/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		€28.00
7/27/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		€25.20
1/18/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	€29.00 ➝ €29.20

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 03:13 PM ET.

UMGNF Forecast - Frequently Asked Questions

Should I buy or sell Universal Music Group stock right now?: 8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Universal Music Group in the last twelve months. There are currently 7 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" UMGNF shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in UMGNF, but not buy additional shares or sell existing shares.
Has Universal Music Group been upgraded or downgraded by Wall Street analysts recently?: Over the previous 90 days, Universal Music Group's stock had 5 downgrades and 1 upgrade by analysts.
What analysts cover Universal Music Group?: Universal Music Group has been rated by research analysts at Barclays, BNP Paribas, Citigroup, Guggenheim, Kepler Capital Markets, Wells Fargo & Company, and Wolfe Research in the past 90 days.
Do Wall Street analysts like Universal Music Group more than its competitors?: Analysts like Universal Music Group less than other "communication services" companies. The consensus rating for Universal Music Group is Hold while the average consensus rating for "communication services" companies is Moderate Buy. Learn more on how UMGNF compares to other companies.