In a report released today, Stephen Laszczyk from Goldman Sachs maintained a Buy rating on Warner Music Group (WMG – Research Report). The company’s shares closed yesterday at $31.24.
Laszczyk covers the Communication Services sector, focusing on stocks such as Warner Music Group, Cinemark Holdings, and IMAX. According to TipRanks, Laszczyk has an average return of 3.7% and a 67.86% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Warner Music Group with a $37.70 average price target.
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The company has a one-year high of $38.13 and a one-year low of $23.50. Currently, Warner Music Group has an average volume of 1.2M.
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Warner Music Group (WMG) Company Description:
With about $3.5 billion in revenue, Warner Music Group is one of the largest music companies in the world. More than 80% of Warner’s revenue comes from recorded music, while the remainder is generated from music publishing.
Read More on WMG:
- Warner Music Group Corp. Reports Results for Fiscal Fourth Quarter and Full Year Ended September 30, 2023
- Notable companies reporting before tomorrow’s open
- Block upgraded, Bristol Myers downgraded: Wall Street’s top analyst calls
- Warner Music initiated with an Equal Weight at Wells Fargo
- Warner Music Group Corp. (WMG) Q4 Earnings Cheat Sheet
