
WMG Stock Forecast & Price Target
WMG Analyst Ratings
Bulls say
Warner Music Group's positive outlook is primarily supported by its strategic position as a major content owner, enabling the firm to negotiate increased value for its music through enhanced distribution agreements with digital service providers. The company expects sustained high single-digit subscription streaming revenue growth, driven by subscriber gains and recent renewal agreements with Spotify and Amazon, which are anticipated to provide additional runway for streaming growth. Furthermore, the acquisition of Tempo Music is projected to be margin accretive and enhance Warner's premium catalog, thus reinforcing its competitive position in a still underpenetrated market.
Bears say
Warner Music Group is experiencing a slowdown in digital streaming growth, which has been attributed to the expiration of its distribution contract with Spotify, potentially impacting future revenue. The company's operating income before depreciation and amortization (OIBDA) is projected to decline from $1,531 million to $1,457 million, while future estimates for fiscal year 2026 also show minimal growth, decreasing from $1,690 million to $1,684 million. Additionally, the firm faces several significant risks, including reliance on blockbuster album releases, vulnerabilities to music piracy, and foreign exchange fluctuations, all compounded by the concentration of voting power held by Access Industries.
This aggregate rating is based on analysts' research of Warner Music Group and is not a guaranteed prediction by Public.com or investment advice.
WMG Analyst Forecast & Price Prediction
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