Warner Music Group Corp. (WMG)
NASDAQ: WMG · IEX Real-Time Price · USD
32.04
+0.15 (0.47%)
May 17, 2024, 4:00 PM EDT - Market closed
Warner Music Group Stock Forecast
Stock Price Forecast
The 18 analysts with 12-month price forecasts for Warner Music Group stock have an average target of 36.33, with a low estimate of 21 and a high estimate of 52. The average target predicts an increase of 13.39% from the current stock price of 32.04.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for WMG stock from 18 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 7 | 7 | 7 | 7 | 7 | 7 |
| Buy | 6 | 6 | 6 | 6 | 6 | 5 |
| Hold | 5 | 5 | 5 | 5 | 6 | 6 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 18 | 18 | 18 | 18 | 19 | 18 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Morgan Stanley | Morgan Stanley | Buy Maintains $43 → $41 | Buy | Maintains | $43 → $41 | +27.97% | May 10, 2024 |
| Loop Capital | Loop Capital | Hold Maintains $36 → $38 | Hold | Maintains | $36 → $38 | +18.60% | Apr 18, 2024 |
| Guggenheim | Guggenheim | Strong Buy Maintains $46 → $45 | Strong Buy | Maintains | $46 → $45 | +40.45% | Apr 5, 2024 |
| Redburn Atlantic | Redburn Atlantic | Strong Sell → Hold Upgrades $21 | Strong Sell → Hold | Upgrades | $21 | -34.46% | Feb 5, 2024 |
| Wells Fargo | Wells Fargo | Hold Initiates $35 | Hold | Initiates | $35 | +9.24% | Nov 15, 2023 |
Financial Forecast
Revenue This Year
6.57B
from 6.04B
Increased by 8.88%
Revenue Next Year
6.89B
from 6.57B
Increased by 4.81%
EPS This Year
1.18
from 0.82
Increased by 43.65%
EPS Next Year
1.47
from 1.18
Increased by 25.18%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 7.0B | 7.4B | 8.1B | 8.5B | 9.2B |
| Avg | 6.6B | 6.9B | 7.4B | 8.1B | 8.8B |
| Low | 6.3B | 6.4B | 6.6B | 7.8B | 8.6B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 15.3% | 12.9% | 17.0% | 15.5% | 12.7% |
| Avg | 8.9% | 4.8% | 7.4% | 9.9% | 8.4% |
| Low | 4.5% | -2.7% | -4.0% | 5.4% | 5.2% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 1.42 | 1.73 | 2.02 | 2.18 | 2.40 |
| Avg | 1.18 | 1.47 | 1.68 | 1.92 | 2.31 |
| Low | 0.80 | 1.10 | 1.24 | 1.70 | 2.24 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 72.9% | 47.1% | 36.7% | 30.1% | 25.0% |
| Avg | 43.6% | 25.2% | 13.9% | 14.6% | 20.2% |
| Low | -2.7% | -6.3% | -16.1% | 1.0% | 16.6% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.