Warner Music Group Corp. (WMG)
NASDAQ: WMG · Real-Time Price · USD
31.16
+0.43 (1.40%)
At close: Dec 20, 2024, 4:00 PM
30.94
-0.22 (-0.71%)
After-hours: Dec 20, 2024, 4:04 PM EST
Warner Music Group Stock Forecast
Stock Price Forecast
The 14 analysts with 12-month price forecasts for Warner Music Group stock have an average target of 35.43, with a low estimate of 23 and a high estimate of 44. The average target predicts an increase of 13.70% from the current stock price of 31.16.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for WMG stock from 14 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 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 7 | 6 | 6 | 4 | 4 | 4 |
| Buy | 4 | 3 | 3 | 2 | 3 | 3 |
| Hold | 4 | 5 | 5 | 3 | 5 | 5 |
| Sell | 0 | 0 | 0 | 1 | 1 | 1 |
| Strong Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Total | 16 | 15 | 15 | 11 | 14 | 14 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Guggenheim | Guggenheim | Strong Buy Reiterates $44 | Strong Buy | Reiterates | $44 | +41.21% | Dec 4, 2024 |
| Citigroup | Citigroup | Hold Maintains $31 → $34 | Hold | Maintains | $31 → $34 | +9.11% | Nov 29, 2024 |
| Loop Capital | Loop Capital | Hold Maintains $38 → $35 | Hold | Maintains | $38 → $35 | +12.32% | Nov 25, 2024 |
| Macquarie | Macquarie | Hold Maintains $30 | Hold | Maintains | $30 | -3.72% | Nov 22, 2024 |
| Guggenheim | Guggenheim | Strong Buy Reiterates $44 | Strong Buy | Reiterates | $44 | +41.21% | Nov 22, 2024 |
Financial Forecast
Revenue This Year
6.66B
from 6.43B
Increased by 3.66%
Revenue Next Year
7.09B
from 6.66B
Increased by 6.38%
EPS This Year
1.32
from 0.83
Increased by 59.63%
EPS Next Year
1.57
from 1.32
Increased by 18.99%
Revenue Forecast
| Revenue | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 7.1B | 7.5B | 8.0B | ||
| Avg | 6.7B | 7.1B | 7.6B | ||
| Low | 6.3B | 6.7B | 7.2B |
Revenue Growth
| Revenue Growth | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 10.0% | 12.7% | 13.3% | ||
| Avg | 3.7% | 6.4% | 6.8% | ||
| Low | -1.6% | 0.1% | 1.4% |
EPS Forecast
| EPS | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 1.58 | 1.83 | 1.98 | ||
| Avg | 1.32 | 1.57 | 1.79 | ||
| Low | 0.98 | 1.34 | 1.51 |
EPS Growth
| EPS Growth | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 90.0% | 38.1% | 26.0% | ||
| Avg | 59.6% | 19.0% | 13.8% | ||
| Low | 18.2% | 1.5% | -4.2% |
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.