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Warner Music Group (WMG) Stock Forecast, Price Target & Predictions

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WMG Stock Forecast

Warner Music Group stock forecast is as follows: an average price target of $34.60 (represents a 12.12% upside from WMG’s last price of $30.86) 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 $34.60 based on 1-year price targets from 21 Wall Street analysts in the past 3 months, with a price target range of $44.00 to $30.00. This represents a potential 12.12% upside from WMG's last price of $30.86.

WMG Analyst Ratings

Buy

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

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Nov 21, 2024Kannan VenkateshwarBarclays$31.00$31.18-0.58%0.45%
Oct 11, 2024Tim NollenMacquarie$30.00$31.06-3.41%-2.79%
Sep 12, 2024Ivan FeinsethTigress Financial$44.00$28.5754.01%42.58%
Aug 14, 2024Jason BazinetCitigroup$31.00$27.9710.83%0.45%
Jul 31, 2024Tim NollenMacquarie$32.00$30.186.05%3.69%
Jul 11, 2024Devin BriscoWolfe Research$37.00$30.1422.76%19.90%
Jun 05, 2024Ken LeonCFRA$32.00$30.295.65%3.69%
May 06, 2024Benjamin SwinburneMorgan Stanley$43.00$35.2721.93%39.34%
Apr 18, 2024Alan GouldLoop Capital Markets$38.00$33.3014.11%23.14%
Apr 05, 2024Michael MorrisGuggenheim$45.00$33.3534.93%45.82%
Mar 21, 2024Ken LeonCFRA$30.00$32.50-7.69%-2.79%
Sep 21, 2023Sebastiano PettiJ.P. Morgan$40.00$30.0832.98%29.62%
Sep 21, 2023Matthew ThorntonTruist Financial$37.00$30.0823.01%19.90%
Dec 20, 2022Citigroup$35.00$35.47-1.31%13.42%
Dec 19, 2022Morgan Stanley$41.00$34.0320.48%32.86%
Dec 19, 2022Atlantic Equities$41.00$33.6421.88%32.86%
Nov 25, 2022Benjamin SwinburneMorgan Stanley$38.00$32.6016.56%23.14%
Nov 23, 2022Credit Suisse$36.00$31.9112.82%16.66%
Oct 10, 2022Stephen LaszczykGoldman Sachs$32.00$22.3543.18%3.69%
Aug 30, 2022Matthew ThorntonTruist Financial$35.00$27.1428.96%13.42%
Aug 10, 2022RBC Capital$36.00$29.8820.49%16.66%
Jul 25, 2022Morgan Stanley$34.00$28.0921.06%10.17%
Jul 13, 2022J.P. Morgan$34.00$25.4833.44%10.17%
Jul 12, 2022Kannan VenkateshwarBarclays$33.00$25.5029.41%6.93%
Jul 07, 2022Citigroup$27.00$25.645.30%-12.51%
Jun 13, 2022Michael MorrisGuggenheim$34.00$27.4124.04%10.17%
May 11, 2022Morgan Stanley$37.00$24.6350.22%19.90%
May 09, 2022Morgan Stanley$40.00$27.9842.96%29.62%
Apr 26, 2022Michael MorrisGuggenheim$39.00$30.0429.83%26.38%
Jan 04, 2022Andrew UerkwitzJefferies$50.00$41.2721.15%62.02%
Nov 16, 2021Alan GouldLoop Capital Markets$45.00$43.313.90%45.82%
Nov 16, 2021Jessica Reif CohenBank of America Securities$42.00$43.31-3.02%36.10%
Nov 15, 2021Michael MorrisGuggenheim$50.00$45.0111.09%62.02%
Oct 27, 2021Jason BazinetCitigroup$48.00$48.08-0.17%55.54%

The latest Warner Music Group stock forecast, released on Nov 21, 2024 by Kannan Venkateshwar from Barclays, set a price target of $31.00, which represents a -0.58% decrease from the stock price at the time of the forecast ($31.18), and a 0.45% increase from WMG last price ($30.86).

Warner Music Group Price Target by Period

1M3M12M
# Anlaysts1211
Avg Price Target$31.00$30.50$35.73
Last Closing Price$30.86$30.86$30.86
Upside/Downside0.45%-1.17%15.78%

In the current month, the average price target of Warner Music Group stock is $31.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 0.45% increase as opposed to Warner Music Group's last price of $30.86. This month's average price target is up 1.64% compared to last quarter, and down -13.24% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Oct 11, 2024MacquarieNeutralNeutralHold
Oct 04, 2024Bank of America SecuritiesNeutralUnderperformDowngrade
Sep 12, 2024Tigress FinancialBuyBuyHold
Aug 14, 2024CitigroupNeutralNeutralHold
Jul 31, 2024MacquarieNeutralNeutralHold
Jul 11, 2024Wolfe ResearchOutperformInitialise
Apr 18, 2024Loop Capital MarketsHoldHoldHold
Apr 05, 2024GuggenheimBuyBuyHold
Oct 03, 2023UBSBuyBuyHold
Oct 03, 2023NeedhamBuyBuyHold
Oct 03, 2023Raymond JamesOverweightOverweightHold
Oct 02, 2023UBSPositiveUpgrade
Sep 21, 2023J.P. MorganOverweightOverweightHold
Jun 02, 2023NeedhamOverweightOverweightHold
Jun 02, 2023Atlantic EquitiesOverweightNeutralDowngrade
May 16, 2023Cantor FitzgeraldHoldHoldHold
May 16, 2023BMO CapitalOutperformUpgrade
May 16, 2023Goldman SachsBuyBuyHold
May 16, 2023National Securities CorporationBuyBuyHold
Apr 25, 2023BernsteinOutperformOutperformHold
Apr 25, 2023Credit SuisseOutperformOutperformHold
Apr 25, 2023CitigroupBuyBuyHold
Apr 25, 2023JefferiesHoldUpgrade
Apr 13, 2023Tigress FinancialBuyBuyHold
Mar 22, 2023GuggenheimNeutralBuyUpgrade
Jan 13, 2023GuggenheimBuyNeutralDowngrade
Dec 20, 2022CitigroupNeutralNeutralHold
Dec 19, 2022Morgan StanleyOverweightOverweightHold
Dec 19, 2022Atlantic EquitiesOverweightUpgrade
Nov 25, 2022Morgan StanleyOverweightOverweightHold
Nov 25, 2022RBC CapitalSector PerformSector PerformHold
Nov 23, 2022Credit SuisseOutperformOutperformHold
Nov 23, 2022BarclaysOverweightOverweightHold
Nov 23, 2022Bank of America SecuritiesNeutralUpgrade
Oct 10, 2022Goldman SachsBuyInitialise
Aug 10, 2022RBC CapitalOutperformOutperformHold
Jul 25, 2022Morgan StanleyOverweightOverweightHold
Jul 07, 2022CitigroupNeutralNeutralHold
Jul 05, 2022BarclaysOverweightOverweightHold
May 17, 2022CitigroupNeutralNeutralHold
May 09, 2022Morgan StanleyOverweightOverweightHold
Apr 26, 2022GuggenheimBuyBuyHold
Nov 28, 2021Credit SuisseOutperformOutperformHold

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 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 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
# Analysts446437449713109988889999999
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 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20
# Analysts446437449713109988889999999
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 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20
# Analysts446437449713109988889999999
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 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20
# Analysts446437449713109988889999999
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 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20
# Analysts446437449713109988889999999
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

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
SPHRSphere Entertainment$38.01$54.7544.04%Buy
MCSMarcus$21.73$26.0019.65%Buy
MSGSMadison Square Garden Sports$232.31$277.0019.24%Buy
WMGWarner Music Group$31.94$34.608.33%Buy
FWONAFormula One Group$85.52$83.00-2.95%Buy
FOXFox$46.47$42.00-9.62%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 $34.6 with a range of $30 to $44, implying a 12.12% from its last price of $30.86. 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 12.12% (from the last price of $30.86 to the average price target of $34.6), up by 42.58% based on the highest stock price target, and down by -2.79% based on the lowest stock price target.

Can Warner Music Group stock reach $50?

WMG's average twelve months analyst stock price target of $34.6 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 $31 price target for Warner Music Group (WMG) this month, up 0.45% from its last price of $30.86. Compared to the last 3 and 12 months, the average price target decreased by -1.17% and increased by 15.78%, 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 $6.49B (high $6.52B, low $6.47B), average EBITDA is $902.04M (high $906.18M, low $899.27M), average net income is $667.67M (high $693.82M, low $641.52M), average SG&A $2.28B (high $2.29B, low $2.28B), 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 $7.06B (high $7.06B, low $7.06B), average EBITDA is $981.39M (high $981.39M, low $981.39M), average net income is $822.76M (high $822.76M, low $822.76M), average SG&A $2.48B (high $2.48B, low $2.48B), 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 $232.3M by 52.39%. 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 $587.95M by -19.04%. Lastly, the company's EPS was $0.3, missing the average prediction of $0.433 by -30.70%