Warner Music Group (WMG) Stock Forecast, Price Target & Predictions
WMG Stock Forecast
Warner Music Group stock forecast is as follows: an average price target of $38.06 (represents a 18.16% upside from WMG’s last price of $32.21) and a rating consensus of 'Buy', based on 21 wall street analysts offering a 1-year stock forecast.
WMG Price Target
The average price target for Warner Music Group (WMG) is $38.06 based on 1-year price targets from 21 Wall Street analysts in the past 3 months, with a price target range of $50.00 to $30.00. This represents a potential 18.16% upside from WMG's last price of $32.21.
WMG Analyst Ratings
According to 21 Wall Street analysts, Warner Music Group's rating consensus is 'Buy'. The analyst rating breakdown for WMG stock is 0 'Strong Buy' (0.00%), 14 'Buy' (66.67%), 7 'Hold' (33.33%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Warner Music Group Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 11, 2024 | Tim Nollen | Macquarie | $30.00 | $31.06 | -3.41% | -6.86% |
| Sep 12, 2024 | Ivan Feinseth | Tigress Financial | $44.00 | $28.57 | 54.01% | 36.60% |
| Aug 14, 2024 | Jason Bazinet | Citigroup | $31.00 | $27.97 | 10.83% | -3.76% |
| Jul 31, 2024 | Tim Nollen | Macquarie | $32.00 | $30.18 | 6.05% | -0.65% |
| Jul 11, 2024 | Devin Brisco | Wolfe Research | $37.00 | $30.14 | 22.76% | 14.87% |
| Jun 05, 2024 | Ken Leon | CFRA | $32.00 | $30.29 | 5.65% | -0.65% |
| May 06, 2024 | Benjamin Swinburne | Morgan Stanley | $43.00 | $35.27 | 21.93% | 33.50% |
| Apr 18, 2024 | Alan Gould | Loop Capital Markets | $38.00 | $33.30 | 14.11% | 17.98% |
| Apr 05, 2024 | Michael Morris | Guggenheim | $45.00 | $33.35 | 34.93% | 39.71% |
| Mar 21, 2024 | Ken Leon | CFRA | $30.00 | $32.50 | -7.69% | -6.86% |
The latest Warner Music Group stock forecast, released on Oct 11, 2024 by Tim Nollen from Macquarie, set a price target of $30.00, which represents a -3.41% decrease from the stock price at the time of the forecast ($31.06), and a -6.86% decrease from WMG last price ($32.21).
Warner Music Group Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 3 | 10 |
| Avg Price Target | $30.00 | $35.00 | $36.20 |
| Last Closing Price | $32.21 | $32.21 | $32.21 |
| Upside/Downside | -6.86% | 8.66% | 12.39% |
In the current month, the average price target of Warner Music Group stock is $30.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a -6.86% decrease as opposed to Warner Music Group's last price of $32.21. This month's average price target is down -14.29% compared to last quarter, and down -17.13% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 11, 2024 | Macquarie | Neutral | Neutral | Hold |
| Oct 04, 2024 | Bank of America Securities | Neutral | Underperform | Downgrade |
| Sep 12, 2024 | Tigress Financial | Buy | Buy | Hold |
| Aug 14, 2024 | Citigroup | Neutral | Neutral | Hold |
| Jul 31, 2024 | Macquarie | Neutral | Neutral | Hold |
| Jul 11, 2024 | Wolfe Research | - | Outperform | Initialise |
| Apr 18, 2024 | Loop Capital Markets | Hold | Hold | Hold |
| Apr 05, 2024 | Guggenheim | Buy | Buy | Hold |
| Oct 03, 2023 | UBS | Buy | Buy | Hold |
| Oct 03, 2023 | Needham | Buy | Buy | Hold |
Warner Music Group's last stock rating was published by Macquarie on Oct 11, 2024. The company gave WMG a "Neutral" rating, the same as its previous rate.
Warner Music Group Financial Forecast
Warner Music Group Revenue Forecast
| Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | $1.75B | - | $1.56B | $1.40B | $1.49B | $1.50B | $1.43B | $1.38B | $1.61B | $1.38B | $1.34B | $1.25B | $1.33B | $1.13B | $1.01B |
| Avg Forecast | $1.85B | $1.81B | $1.74B | $1.94B | $1.72B | $1.68B | $1.59B | $1.76B | $1.59B | $1.56B | $1.48B | $1.67B | $1.56B | $1.47B | $1.36B | $1.51B | $1.41B | $1.41B | $1.36B | $1.49B | $1.35B | $1.20B | $1.18B | $1.26B | $1.11B | $980.21M |
| High Forecast | $1.85B | $1.81B | $1.74B | $1.94B | $1.72B | $1.68B | $1.59B | $1.76B | $1.62B | $1.56B | $1.48B | $1.69B | $1.60B | $1.47B | $1.36B | $1.51B | $1.41B | $1.41B | $1.36B | $1.49B | $1.35B | $1.20B | $1.18B | $1.26B | $1.11B | $980.21M |
| Low Forecast | $1.85B | $1.81B | $1.74B | $1.94B | $1.72B | $1.68B | $1.59B | $1.76B | $1.57B | $1.56B | $1.48B | $1.66B | $1.52B | $1.47B | $1.36B | $1.51B | $1.41B | $1.41B | $1.36B | $1.49B | $1.35B | $1.20B | $1.18B | $1.26B | $1.11B | $980.21M |
| # Analysts | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 8 | 5 | 1 | 3 | 10 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 9 | 9 | 9 | 9 | 9 | 9 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 1.05% | - | 1.06% | 1.03% | 0.99% | 1.06% | 1.02% | 1.01% | 1.08% | 1.02% | 1.12% | 1.06% | 1.06% | 1.01% | 1.03% |
Warner Music Group's average Quarter revenue forecast for Mar 24 based on 1 analysts is $1.48B, with a low forecast of $1.48B, and a high forecast of $1.48B. WMG's average Quarter revenue forecast represents a -15.25% decrease compared to the company's last Quarter revenue of $1.75B (Dec 23).
Warner Music Group EBITDA Forecast
| Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 8 | 5 | 1 | 3 | 10 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 9 | 9 | 9 | 9 | 9 | 9 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | $354.00M | - | $295.00M | $176.00M | $247.00M | $283.00M | $283.00M | $247.00M | $373.00M | $158.00M | $211.00M | $277.00M | $235.00M | $74.00M | $-375.00M |
| Avg Forecast | $259.44M | $254.50M | $243.45M | $271.74M | $241.70M | $235.04M | $223.55M | $246.37M | $223.70M | $219.53M | $341.57M | $234.55M | $219.29M | $206.17M | $310.51M | $233.45M | $197.73M | $197.48M | $282.29M | $209.34M | $189.94M | $168.57M | $173.13M | $176.54M | $156.20M | $-9.37B |
| High Forecast | $259.44M | $254.50M | $243.45M | $271.74M | $241.70M | $235.04M | $223.55M | $246.37M | $227.89M | $219.53M | $409.88M | $237.34M | $224.29M | $206.17M | $372.62M | $280.14M | $197.73M | $197.48M | $338.74M | $209.34M | $189.94M | $168.57M | $207.75M | $176.54M | $156.20M | $-7.49B |
| Low Forecast | $259.44M | $254.50M | $243.45M | $271.74M | $241.70M | $235.04M | $223.55M | $246.37M | $220.90M | $219.53M | $273.25M | $233.15M | $212.92M | $206.17M | $248.41M | $186.76M | $197.73M | $197.48M | $225.83M | $209.34M | $189.94M | $168.57M | $138.50M | $176.54M | $156.20M | $-11.24B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 1.51% | - | 1.43% | 0.57% | 1.06% | 1.43% | 1.43% | 0.88% | 1.78% | 0.83% | 1.25% | 1.60% | 1.33% | 0.47% | 0.04% |
1 analysts predict WMG's average Quarter EBITDA for Mar 24 to be $341.57M, with a high of $409.88M and a low of $273.25M. This is -3.51% lower than Warner Music Group's previous annual EBITDA (Dec 23) of $354.00M.
Warner Music Group Net Income Forecast
| Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 8 | 5 | 1 | 3 | 10 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 9 | 9 | 9 | 9 | 9 | 9 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | $337.00M | - | $122.00M | $34.00M | $122.00M | $148.00M | $124.00M | $92.00M | $188.00M | $28.00M | $61.00M | $117.00M | $98.00M | $-1.00M | $-520.00M |
| Avg Forecast | $244.24M | $210.55M | $168.65M | $272.34M | $205.04M | $176.29M | $168.87M | $213.58M | $144.83M | $139.50M | $127.22M | $224.19M | $134.29M | $105.14M | $115.66M | $117.04M | $67.09M | $98.80M | $105.14M | $148.30M | $77.55M | $74.76M | $73.13M | $100.37M | $23.23M | $-12.99B |
| High Forecast | $244.24M | $210.55M | $168.65M | $272.34M | $205.04M | $176.29M | $168.87M | $213.58M | $170.69M | $139.60M | $152.67M | $250.26M | $150.40M | $105.14M | $138.79M | $140.44M | $67.09M | $98.80M | $126.17M | $148.30M | $77.55M | $74.76M | $87.75M | $100.37M | $23.23M | $-10.39B |
| Low Forecast | $244.24M | $210.55M | $168.65M | $272.34M | $205.04M | $176.29M | $168.87M | $213.58M | $118.96M | $139.40M | $101.78M | $213.77M | $118.17M | $105.14M | $92.53M | $93.63M | $67.09M | $98.80M | $84.11M | $148.30M | $77.55M | $74.76M | $58.50M | $100.37M | $23.23M | $-15.58B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 1.50% | - | 1.16% | 0.29% | 1.04% | 2.21% | 1.26% | 0.88% | 1.27% | 0.36% | 0.82% | 1.60% | 0.98% | -0.04% | 0.04% |
Warner Music Group's average Quarter net income forecast for Mar 24 is $127.22M, with a range of $101.78M to $152.67M. WMG's average Quarter net income forecast represents a -62.25% decrease compared to the company's last Quarter net income of $337.00M (Dec 23).
Warner Music Group SG&A Forecast
| Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 8 | 5 | 1 | 3 | 10 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 9 | 9 | 9 | 9 | 9 | 9 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | $476.00M | - | $461.00M | $452.00M | $440.00M | $470.00M | $451.00M | $444.00M | $497.00M | $465.00M | $437.00M | $418.00M | $401.00M | $383.00M | $869.00M |
| Avg Forecast | $652.79M | $640.35M | $612.56M | $683.74M | $608.15M | $591.39M | $562.50M | $619.91M | $562.86M | $552.37M | $613.99M | $590.17M | $551.75M | $518.74M | $558.17M | $311.05M | $497.51M | $496.88M | $507.43M | $526.74M | $477.92M | $424.16M | $261.25M | $444.19M | $393.02M | $346.04M |
| High Forecast | $652.79M | $640.35M | $612.56M | $683.74M | $608.15M | $591.39M | $562.50M | $619.91M | $573.42M | $552.37M | $736.79M | $597.19M | $564.36M | $518.74M | $669.81M | $373.26M | $497.51M | $496.88M | $608.91M | $526.74M | $477.92M | $424.16M | $313.50M | $444.19M | $393.02M | $346.04M |
| Low Forecast | $652.79M | $640.35M | $612.56M | $683.74M | $608.15M | $591.39M | $562.50M | $619.91M | $555.83M | $552.37M | $491.19M | $586.65M | $535.75M | $518.74M | $446.54M | $248.84M | $497.51M | $496.88M | $405.94M | $526.74M | $477.92M | $424.16M | $209.00M | $444.19M | $393.02M | $346.04M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 0.81% | - | 0.89% | 0.81% | 1.41% | 0.94% | 0.91% | 0.88% | 0.94% | 0.97% | 1.03% | 1.60% | 0.90% | 0.97% | 2.51% |
Warner Music Group's average Quarter SG&A projection for Mar 24 is $613.99M, based on 1 Wall Street analysts, with a range of $491.19M to $736.79M. The forecast indicates a 28.99% rise compared to WMG last annual SG&A of $476.00M (Dec 23).
Warner Music Group EPS Forecast
| Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 8 | 5 | 1 | 3 | 10 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 9 | 9 | 9 | 9 | 9 | 9 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | $0.30 | - | $0.23 | $0.06 | $0.23 | $0.28 | $0.24 | $0.18 | $0.37 | $0.05 | $0.12 | $0.23 | $0.18 | $-0.00 | $-1.03 |
| Avg Forecast | $0.47 | $0.41 | $0.33 | $0.53 | $0.40 | $0.34 | $0.33 | $0.41 | $0.28 | $0.27 | $0.20 | $0.43 | $0.26 | $0.20 | $0.18 | $0.26 | $0.13 | $0.19 | $0.21 | $0.29 | $0.15 | $0.14 | $0.15 | $0.19 | $0.04 | $-0.02 |
| High Forecast | $0.47 | $0.41 | $0.33 | $0.53 | $0.40 | $0.34 | $0.33 | $0.41 | $0.33 | $0.27 | $0.21 | $0.48 | $0.29 | $0.20 | $0.18 | $0.26 | $0.13 | $0.19 | $0.21 | $0.29 | $0.15 | $0.14 | $0.15 | $0.19 | $0.04 | $-0.02 |
| Low Forecast | $0.47 | $0.41 | $0.33 | $0.53 | $0.40 | $0.34 | $0.33 | $0.41 | $0.23 | $0.27 | $0.20 | $0.41 | $0.23 | $0.20 | $0.18 | $0.26 | $0.13 | $0.19 | $0.21 | $0.29 | $0.15 | $0.14 | $0.15 | $0.19 | $0.04 | $-0.02 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 0.69% | - | 1.13% | 0.33% | 0.88% | 2.16% | 1.26% | 0.86% | 1.29% | 0.33% | 0.83% | 1.52% | 0.93% | -0.04% | 57.37% |
According to 1 Wall Street analysts, Warner Music Group's projected average Quarter EPS for Mar 24 is $0.20, with a low estimate of $0.20 and a high estimate of $0.21. This represents a -31.94% decrease compared to WMG previous annual EPS of $0.30 (Dec 23).
Warner Music Group Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| SPHR | Sphere Entertainment | $42.02 | $55.75 | 32.67% | Buy |
| WMG | Warner Music Group | $32.21 | $38.06 | 18.16% | Buy |
| FWONA | Formula One Group | $74.78 | $83.00 | 10.99% | Buy |
| FOX | Fox | $38.89 | $40.67 | 4.58% | Buy |
| MSGS | Madison Square Garden Sports | $220.99 | $230.00 | 4.08% | Buy |
| MCS | Marcus | $20.62 | $20.00 | -3.01% | Buy |
| WWE | World Wrestling Entertainment | $100.65 | $93.80 | -6.81% | Buy |
WMG Forecast FAQ
Is Warner Music Group a good buy?
Yes, according to 21 Wall Street analysts, Warner Music Group (WMG) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 14 'Buy' recommendations, accounting for 66.67% of WMG's total ratings.
What is WMG's price target?
Warner Music Group (WMG) average price target is $38.06 with a range of $30 to $50, implying a 18.16% from its last price of $32.21. The data is based on 21 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Warner Music Group stock go up soon?
According to Wall Street analysts' prediction for WMG stock, the company can go up by 18.16% (from the last price of $32.21 to the average price target of $38.06), up by 55.23% based on the highest stock price target, and down by -6.86% based on the lowest stock price target.
Can Warner Music Group stock reach $50?
WMG's average twelve months analyst stock price target of $38.06 does not support the claim that Warner Music Group can reach $50 in the near future.
What is Warner Music Group's current price target trend?
1 Wall Street analyst forecast a $30 price target for Warner Music Group (WMG) this month, down -6.86% from its last price of $32.21. Compared to the last 3 and 12 months, the average price target increased by 8.66% and increased by 12.39%, respectively.
What are Warner Music Group's analysts' financial forecasts?
Warner Music Group's analysts financial forecasts for the fiscal year (Mar 2025) are as follows: average revenue is $6.51B (high $6.54B, low $6.49B), average EBITDA is $913.16M (high $917.35M, low $910.36M), average net income is $666.78M (high $692.74M, low $640.82M), average SG&A $2.3B (high $2.31B, low $2.29B), and average EPS is $1.29 (high $1.34, low $1.24). WMG's analysts financial forecasts for the fiscal year (Mar 2026) are as follows: average revenue is $7.07B (high $7.07B, low $7.07B), average EBITDA is $991.92M (high $991.92M, low $991.92M), average net income is $822.32M (high $822.32M, low $822.32M), average SG&A $2.5B (high $2.5B, low $2.5B), and average EPS is $1.59 (high $1.59, low $1.59).
Did the WMG's actual financial results beat the analysts' financial forecasts?
Based on Warner Music Group's last annual report (Mar 2023), the company's revenue was $13M, which missed the average analysts forecast of $5.69B by -99.77%. Apple's EBITDA was $336M, missing the average prediction of $939.17M by -64.22%. The company's net income was $0, missing the average estimation of $398.58M by -100.00%. Apple's SG&A was $0, missing the average forecast of $1.86B by -100.00%. Lastly, the company's EPS was $0, missing the average prediction of $0.762 by -100.00%. In terms of the last quarterly report (Dec 2023), Warner Music Group's revenue was $1.75B, beating the average analysts' forecast of $1.67B by 4.56%. The company's EBITDA was $354M, beating the average prediction of $234.55M by 50.93%. Warner Music Group's net income was $337M, beating the average estimation of $224.19M by 50.32%. The company's SG&A was $476M, missing the average forecast of $590.17M by -19.34%. Lastly, the company's EPS was $0.3, missing the average prediction of $0.433 by -30.70%