Warner Music Group Corp. (WMG)
NASDAQ: WMG · Real-Time Price · USD
31.18
-2.49 (-7.40%)
Nov 21, 2024, 4:00 PM EST - Market closed
Warner Music Group Stock Forecast
Stock Price Forecast
The 11 analysts with 12-month price forecasts for Warner Music Group stock have an average target of 35.91, with a low estimate of 23 and a high estimate of 45. The average target predicts an increase of 15.17% from the current stock price of 31.18.
Analyst Consensus: Buy
* Price targets were last updated on Oct 11, 2024.
Analyst Ratings
The average analyst rating for WMG stock from 11 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 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 7 | 7 | 6 | 6 | 4 | 4 |
| Buy | 5 | 4 | 3 | 3 | 2 | 2 |
| Hold | 6 | 4 | 5 | 5 | 3 | 3 |
| Sell | 0 | 0 | 0 | 0 | 1 | 1 |
| Strong Sell | 0 | 1 | 1 | 1 | 1 | 1 |
| Total | 18 | 16 | 15 | 15 | 11 | 11 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Macquarie | Macquarie | Hold Maintains $32 → $30 | Hold | Maintains | $32 → $30 | -3.78% | Oct 11, 2024 |
| B of A Securities | B of A Securities | Hold → Sell Downgrades $33 → $30 | Hold → Sell | Downgrades | $33 → $30 | -3.78% | Oct 4, 2024 |
| Tigress Financial | Tigress Financial | Strong Buy Maintains $52 → $44 | Strong Buy | Maintains | $52 → $44 | +41.12% | Sep 12, 2024 |
| Deutsche Bank | Deutsche Bank | Strong Buy Maintains $42 → $36 | Strong Buy | Maintains | $42 → $36 | +15.46% | Aug 13, 2024 |
| Macquarie | Macquarie | Hold Maintains $32 | Hold | Maintains | $32 | +2.63% | Aug 8, 2024 |
Financial Forecast
Revenue This Year
6.46B
from 6.04B
Increased by 7.04%
Revenue Next Year
6.75B
from 6.46B
Increased by 4.41%
EPS This Year
1.09
from 0.82
Increased by 32.96%
EPS Next Year
1.42
from 1.09
Increased by 29.86%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 6.8B | 7.2B | 7.7B | ||
| Avg | 6.5B | 6.7B | 7.2B | ||
| Low | 6.2B | 6.4B | 6.8B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 12.4% | 11.1% | 14.2% | ||
| Avg | 7.0% | 4.4% | 7.0% | ||
| Low | 3.4% | -0.6% | 0.4% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 1.62 | 1.81 | 1.81 | ||
| Avg | 1.09 | 1.42 | 1.63 | ||
| Low | 0.91 | 1.19 | 1.39 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 96.7% | 65.2% | 27.4% | ||
| Avg | 33.0% | 29.9% | 14.9% | ||
| Low | 10.7% | 8.7% | -1.9% |
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.