Warner Music Group Corp. (WMG)
NASDAQ: WMG · IEX Real-Time Price · USD
32.00
-0.17 (-0.53%)
At close: Jul 19, 2024, 4:00 PM
31.91
-0.09 (-0.28%)
Pre-market: Jul 20, 2024, 9:29 AM EDT
Warner Music Group Stock Forecast
Stock Price Forecast
The 16 analysts with 12-month price forecasts for Warner Music Group stock have an average target of 37.88, with a low estimate of 23 and a high estimate of 52. The average target predicts an increase of 18.38% from the current stock price of 32.00.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for WMG stock from 16 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 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 7 | 7 | 7 | 7 | 7 | 7 |
| Buy | 6 | 6 | 6 | 5 | 5 | 4 |
| Hold | 5 | 5 | 6 | 6 | 6 | 4 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 1 |
| Total | 18 | 18 | 19 | 18 | 18 | 16 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Redburn Atlantic | Redburn Atlantic | Hold → Strong Sell Downgrades $23 | Hold → Strong Sell | Downgrades | $23 | -28.13% | Jul 10, 2024 |
| Morgan Stanley | Morgan Stanley | Buy Maintains $43 → $41 | Buy | Maintains | $43 → $41 | +28.13% | May 10, 2024 |
| Loop Capital | Loop Capital | Hold Maintains $36 → $38 | Hold | Maintains | $36 → $38 | +18.75% | Apr 18, 2024 |
| Guggenheim | Guggenheim | Strong Buy Maintains $46 → $45 | Strong Buy | Maintains | $46 → $45 | +40.63% | Apr 5, 2024 |
| Redburn Atlantic | Redburn Atlantic | Strong Sell → Hold Upgrades $21 | Strong Sell → Hold | Upgrades | $21 | -34.38% | Feb 5, 2024 |
Financial Forecast
Revenue This Year
6.54B
from 6.04B
Increased by 8.38%
Revenue Next Year
6.86B
from 6.54B
Increased by 4.80%
EPS This Year
1.35
from 0.82
Increased by 64.27%
EPS Next Year
1.53
from 1.35
Increased by 13.95%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 6.9B | 7.3B | 7.9B | 8.5B | 9.2B |
| Avg | 6.5B | 6.9B | 7.4B | 8.1B | 8.8B |
| Low | 6.3B | 6.5B | 7.0B | 7.8B | 8.6B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 13.9% | 12.0% | 15.2% | 16.1% | 12.7% |
| Avg | 8.4% | 4.8% | 7.3% | 10.5% | 8.4% |
| Low | 3.7% | 0.0% | 2.4% | 6.0% | 5.2% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 1.74 | 1.85 | 2.02 | 2.18 | 2.40 |
| Avg | 1.35 | 1.53 | 1.73 | 1.92 | 2.31 |
| Low | 1.06 | 1.35 | 1.52 | 1.70 | 2.24 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 112.6% | 37.2% | 31.3% | 26.5% | 25.0% |
| Avg | 64.3% | 13.9% | 12.5% | 11.4% | 20.2% |
| Low | 29.1% | 0.4% | -1.2% | -1.8% | 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.