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 13.04% upside from WMG’s last price of $33.67) 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 13.04% upside from WMG's last price of $33.67.
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% | -10.90% |
| Sep 12, 2024 | Ivan Feinseth | Tigress Financial | $44.00 | $28.57 | 54.01% | 30.68% |
| Aug 14, 2024 | Jason Bazinet | Citigroup | $31.00 | $27.97 | 10.83% | -7.93% |
| Jul 31, 2024 | Tim Nollen | Macquarie | $32.00 | $30.18 | 6.05% | -4.96% |
| Jul 11, 2024 | Devin Brisco | Wolfe Research | $37.00 | $30.14 | 22.76% | 9.89% |
| Jun 05, 2024 | Ken Leon | CFRA | $32.00 | $30.29 | 5.65% | -4.96% |
| May 06, 2024 | Benjamin Swinburne | Morgan Stanley | $43.00 | $35.27 | 21.93% | 27.71% |
| Apr 18, 2024 | Alan Gould | Loop Capital Markets | $38.00 | $33.30 | 14.11% | 12.86% |
| Apr 05, 2024 | Michael Morris | Guggenheim | $45.00 | $33.35 | 34.93% | 33.65% |
| Mar 21, 2024 | Ken Leon | CFRA | $30.00 | $32.50 | -7.69% | -10.90% |
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 -10.90% decrease from WMG last price ($33.67).
Warner Music Group Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 2 | 10 |
| Avg Price Target | - | $37.00 | $36.20 |
| Last Closing Price | $33.67 | $33.67 | $33.67 |
| Upside/Downside | -100.00% | 9.89% | 7.51% |
In the current month, the average price target of Warner Music Group stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Warner Music Group's last price of $33.67. This month's average price target is down -100.00% compared to last quarter, and down -100.00% 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 | $1.67B | $1.59B | $1.75B | $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 | $1.67B | $1.59B | $1.75B | $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 | $1.67B | $1.59B | $1.75B | $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 | 4 | 6 | 4 | 3 | 7 | 4 | 4 | 9 | 7 | 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 | 4 | 6 | 4 | 3 | 7 | 4 | 4 | 9 | 7 | 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 | $256.95M | $252.05M | $241.11M | $269.13M | $238.77M | $232.38M | $220.98M | $242.66M | $220.97M | $217.42M | $341.57M | $232.30M | $217.18M | $204.18M | $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 | $256.95M | $252.05M | $241.11M | $269.13M | $238.77M | $232.38M | $220.98M | $242.66M | $225.11M | $217.42M | $409.88M | $235.06M | $222.14M | $204.18M | $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 | $256.95M | $252.05M | $241.11M | $269.13M | $238.77M | $232.38M | $220.98M | $242.66M | $218.21M | $217.42M | $273.25M | $230.91M | $210.88M | $204.18M | $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 % | - | - | - | - | - | - | - | - | - | - | - | 1.52% | - | 1.44% | 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 | 4 | 6 | 4 | 3 | 7 | 4 | 4 | 9 | 7 | 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 | $205.51M | $176.26M | $167.60M | $214.66M | $145.91M | $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 | $205.51M | $176.26M | $167.60M | $214.66M | $171.96M | $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 | $205.51M | $176.26M | $167.60M | $214.66M | $119.85M | $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 | 4 | 6 | 4 | 3 | 7 | 4 | 4 | 9 | 7 | 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 | $650.34M | $637.94M | $610.26M | $681.17M | $604.32M | $588.16M | $559.32M | $614.18M | $559.27M | $550.30M | $613.99M | $587.95M | $549.68M | $516.80M | $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 | $650.34M | $637.94M | $610.26M | $681.17M | $604.32M | $588.16M | $559.32M | $614.18M | $569.76M | $550.30M | $736.79M | $594.95M | $562.24M | $516.80M | $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 | $650.34M | $637.94M | $610.26M | $681.17M | $604.32M | $588.16M | $559.32M | $614.18M | $552.28M | $550.30M | $491.19M | $584.45M | $533.74M | $516.80M | $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 | 4 | 6 | 4 | 3 | 7 | 4 | 4 | 9 | 7 | 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 | $0.32 | $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 | $0.32 | $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 | $0.32 | $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 | $42.07 | $54.75 | 30.14% | Buy |
| MSGS | Madison Square Garden Sports | $224.30 | $277.00 | 23.50% | Buy |
| MCS | Marcus | $21.69 | $26.00 | 19.87% | Buy |
| WMG | Warner Music Group | $33.67 | $38.06 | 13.04% | Buy |
| FWONA | Formula One Group | $77.00 | $83.00 | 7.79% | Buy |
| FOX | Fox | $43.37 | $40.67 | -6.23% | Buy |
| WWE | World Wrestling Entertainment | $100.65 | $93.80 | -6.81% | Buy |