Warner Music Group (WMG): are the analysts right?

May 8, 26

▲ Buy · 🎯$42

Price at call : $32.94 — upside +28%

Today : $26.74 — upside +57%

🎯 on WMG : 100% (2 calls matureds) · 📊 on Comm. : 30% · -9.4% (10 calls)

in progress (365j)
matures : May 8, 27

May 8, 26

▲ Overweight · 🎯$43

Price at call : $32.94 — upside +31%

Today : $26.74 — upside +61%

🎯 on WMG : 0% (1 call matured) · 📊 on Comm. : 22.6% · -15.2% (31 calls)

in progress (365j)
matures : May 8, 27

Evercore ISI Group ↗

May 8, 26

▲ Outperform · 🎯$43

Price at call : $32.94 — upside +31%

Today : $26.74 — upside +61%

🎯 on WMG : 100% (1 call matured) · 📊 on Comm. : 40% · +11.2% (20 calls)

in progress (365j)
matures : May 8, 27

May 8, 26

▲ Buy · 🎯$36

Price at call : $33.36 — upside +8%

Today : $26.74 — upside +35%

🎯 on WMG : 44% (9 calls matureds) · 📊 on Comm. : 30% · -6.7% (30 calls)

in progress (365j)
matures : May 8, 27

Apr 21, 26

▲ Overweight · 🎯$38

Price at call : $29.48 — upside +29%

Today : $26.74 — upside +42%

🎯 on WMG : 100% (1 call matured) · 📊 on Comm. : 50.8% · +2.8% (61 calls)

in progress (365j)
matures : Apr 21, 27

Mar 31, 26

▲ Buy · 🎯$34

Price at call : $25.54 — upside +33%

Today : $26.74 — upside +27%

🎯 on WMG : 44% (9 calls matureds) · 📊 on Comm. : 30% · -6.7% (30 calls)

in progress (365j)
matures : Mar 31, 27

Scotiabank ↗

Feb 13, 26

▲ Sector Outperform · 🎯$84

Price at call : $29.45 — upside +185%

Today : $26.74 — upside +214%

🎯 on WMG : no call matured yet · 📊 overall : 37.1% · -5.7% (70 calls)

in progress (365j)
matures : Feb 13, 27

Jan 21, 26

▲ Buy · 🎯$40

Price at call : $29.85 — upside +34%

Today : $26.74 — upside +50%

🎯 on WMG : 50% (2 calls matureds) · 📊 on Comm. : 38.5% · -2.7% (39 calls)

in progress (365j)
matures : Jan 21, 27

Dec 18, 25

▲ Overweight · 🎯$37

Price at call : $29.34 — upside +26%

Today : $26.74 — upside +38%

🎯 on WMG : 100% (1 call matured) · 📊 on Comm. : 50.8% · +2.8% (61 calls)

in progress (365j)
matures : Dec 18, 26

Jefferies ↗

Dec 11, 25

▲ Buy · 🎯$35

Price at call : $27.79 — upside +26%

Today : $26.74 — upside +31%

🎯 on WMG : no call matured yet · 📊 on Comm. : 33.3% · -19.5% (6 calls)

in progress (365j)
matures : Dec 11, 26

Nov 21, 25

■ Neutral neutral · not a buy · 🎯$33

Price at call : $30.69 — gap to target +8%

Today : $26.74 — gap to target +23%

🎯 on WMG : 0% (1 call matured) · 📊 on Comm. : 52.4% · -2.0% (21 calls)

in progress (365j)
matures : Nov 21, 26

Bernstein ↗

Oct 30, 25

▲ Outperform · 🎯$38

Price at call : $31.96 — upside +19%

Today : $26.74 — upside +42%

🎯 on WMG : no call matured yet · 📊 overall : 36.1% · -5.9% (61 calls)

in progress (365j)
matures : Oct 30, 26

Wells Fargo ↗

Oct 14, 25

▲ Overweight · 🎯$39

Price at call : $32.58 — upside +20%

Today : $26.74 — upside +46%

🎯 on WMG : no call matured yet · 📊 on Comm. : 55.3% · +26.9% (38 calls)

in progress (365j)
matures : Oct 14, 26

Oct 8, 25

▲ Overweight · 🎯$40

Price at call : $32.1 — upside +25%

Today : $26.74 — upside +50%

🎯 on WMG : 0% (1 call matured) · 📊 on Comm. : 22.6% · -15.2% (31 calls)

in progress (365j)
matures : Oct 8, 26

Oct 1, 25

■ Neutral neutral · not a buy · 🎯$36

Price at call : $34.19 — gap to target +5%

Today : $26.74 — gap to target +35%

🎯 on WMG : 0% (1 call matured) · 📊 on Comm. : 52.4% · -2.0% (21 calls)

in progress (365j)
matures : Oct 1, 26

Sep 10, 25

▲ Buy · 🎯$45

Price at call : $34.24 — upside +31%

Today : $26.74 — upside +68%

🎯 on WMG : 33% (3 calls matureds) · 📊 on Comm. : 33.3% · -12.2% (3 calls)

in progress (365j)
matures : Sep 10, 26

Sep 9, 25

▲ Buy · 🎯$41

Price at call : $33.48 — upside +22%

Today : $26.74 — upside +53%

🎯 on WMG : 50% (2 calls matureds) · 📊 on Comm. : 38.5% · -2.7% (39 calls)

in progress (365j)
matures : Sep 9, 26

Goldman Sachs ↗

Aug 12, 25

■ Neutral neutral · not a buy · 🎯$31

Price at call : $32.09 — gap to target -3%

Today : $26.74 — gap to target +16%

🎯 on WMG : no call matured yet · 📊 on Comm. : 33.3% · -14.4% (15 calls)

in progress (365j)
matures : Aug 12, 26

Aug 8, 25

▲ Buy · 🎯$40

Price at call : $31.64 — upside +26%

Today : $26.74 — upside +50%

🎯 on WMG : 100% (2 calls matureds) · 📊 on Comm. : 30% · -9.4% (10 calls)

in progress (365j)
matures : Aug 8, 26

Wells Fargo ↗

Aug 8, 25

■ Equal-Weight neutral · not a buy · 🎯$34

Price at call : $31.64 — gap to target +7%

Today : $26.74 — gap to target +27%

🎯 on WMG : no call matured yet · 📊 on Comm. : 55.3% · +26.9% (38 calls)

in progress (365j)
matures : Aug 8, 26

Redburn Atlantic

Jul 15, 25

■ Neutral neutral · not a buy · 🎯$30

Price at call : $30.31 — gap to target -1%

Today : $26.74 — gap to target +12%

🎯 on WMG : no call matured yet · 📊 unranked overall

in progress (365j)
matures : Jul 15, 26

Barclays ↗

Jul 9, 25

■ Equal-Weight neutral · not a buy · 🎯$30

Price at call : $29.93 — gap to target +0%

Today : $26.74 — gap to target +12%

🎯 on WMG : no call matured yet · 📊 on Comm. : 38.5% · -1.9% (13 calls)

in progress (365j)
matures : Jul 9, 26

Jul 9, 25

■ Neutral neutral · not a buy · 🎯$33

Price at call : $29.99 — gap to target +10%

Today : $26.74 — gap to target +23%

🎯 on WMG : 0% (1 call matured) · 📊 on Comm. : 52.4% · -2.0% (21 calls)

in progress (365j)
matures : Jul 9, 26

Jul 7, 25

▲ Overweight · 🎯$33

Price at call : $29.49 — upside +12%

Today : $26.74 — upside +23%

🎯 on WMG : 0% (1 call matured) · 📊 on Comm. : 22.6% · -15.2% (31 calls)

in progress (365j)
matures : Jul 7, 26

Bernstein ↗

Jul 3, 25

▲ Outperform · 🎯$34

Price at call : $29.39 — upside +16%

Today : $26.74 — upside +27%

🎯 on WMG : no call matured yet · 📊 overall : 36.1% · -5.9% (61 calls)

in progress (365j)
matures : Jul 3, 26

May 29, 25

▲ Buy · 🎯$34

Price at call : $26.32 — upside +29%

Today : $26.74 — upside +27%

Expected +29% · Actual +18% · Reason (≥ +15%) : ✓ Yes

🎯 on WMG : 50% (2 calls matureds) · 📊 on Comm. : 38.5% · -2.7% (39 calls)

+18.3%

stock +18% · XLC +14%

Goldman Sachs ↗

May 12, 25

■ Neutral neutral · not a buy · 🎯$28

Price at call : $27.48 — gap to target +2%

Today : $26.74 — gap to target +5%

🎯 on WMG : no call matured yet · 📊 on Comm. : 33.3% · -14.4% (15 calls)

in progress (365j)
matures : May 12, 26

May 9, 25

▲ Buy · 🎯$38

Price at call : $27.48 — upside +38%

Today : $26.74 — upside +42%

Expected +38% · Actual +20% · Reason (≥ +15%) : ✓ Yes

🎯 on WMG : 100% (2 calls matureds) · 📊 on Comm. : 30% · -9.4% (10 calls)

+19.9%

stock +20% · XLC +17%

May 9, 25

▲ Buy · 🎯$37

Price at call : $27.48 — upside +35%

Today : $26.74 — upside +38%

Expected +35% · Actual +20% · Reason (≥ +15%) : ✓ Yes

🎯 on WMG : 44% (9 calls matureds) · 📊 on Comm. : 30% · -6.7% (30 calls)

+19.9%

stock +20% · XLC +17%

May 9, 25

■ Equal-Weight neutral · not a buy · 🎯$31

Price at call : $27.48 — gap to target +13%

Today : $26.74 — gap to target +16%

🎯 on WMG : 100% (1 call matured) · 📊 on Comm. : 50.8% · +2.8% (61 calls)

in progress (365j)
matures : May 9, 26

Barclays ↗

May 9, 25

■ Equal-Weight neutral · not a buy · 🎯$28

Price at call : $27.48 — gap to target +2%

Today : $26.74 — gap to target +5%

🎯 on WMG : no call matured yet · 📊 on Comm. : 38.5% · -1.9% (13 calls)

in progress (365j)
matures : May 9, 26

Apr 21, 25

■ Equal-Weight neutral · not a buy · 🎯$32

Price at call : $27.72 — gap to target +15%

Today : $26.74 — gap to target +20%

🎯 on WMG : 100% (1 call matured) · 📊 on Comm. : 50.8% · +2.8% (61 calls)

in progress (365j)
matures : Apr 21, 26

Feb 14, 25

▲ Buy · 🎯$42

Price at call : $36.3 — upside +16%

Today : $26.74 — upside +57%

Expected +16% · Actual -19% · Reason (≥ +15%) : ✗ No

🎯 on WMG : 50% (2 calls matureds) · 📊 on Comm. : 38.5% · -2.7% (39 calls)

-18.7%

stock -19% · XLC +9%

Feb 7, 25

▲ Buy · 🎯$40

Price at call : $33.37 — upside +20%

Today : $26.74 — upside +50%

Expected +20% · Actual -11% · Reason (≥ +15%) : ✗ No

🎯 on WMG : 44% (9 calls matureds) · 📊 on Comm. : 30% · -6.7% (30 calls)

-11.3%

stock -11% · XLC +13%

Jan 30, 25

■ Neutral neutral · not a buy · 🎯$30

Price at call : $31.8 — gap to target -6%

Today : $26.74 — gap to target +12%

🎯 on WMG : no call matured yet · 📊 on Comm. : 88.9% · +35.6% (9 calls)

in progress (365j)
matures : Jan 30, 26

Jan 13, 25

▲ Overweight · 🎯$37

Price at call : $29.6 — upside +25%

Today : $26.74 — upside +38%

Expected +25% · Actual +6% · Reason (≥ +15%) : ✗ No

🎯 on WMG : 100% (1 call matured) · 📊 on Comm. : 50.8% · +2.8% (61 calls)

+5.6%

stock +6% · XLC +22%

Jan 10, 25

▲ Buy · 🎯$41

Price at call : $29.34 — upside +40%

Today : $26.74 — upside +53%

Expected +40% · Actual +5% · Reason (≥ +15%) : ✗ No

🎯 on WMG : 100% (2 calls matureds) · 📊 on Comm. : 30% · -9.4% (10 calls)

+5.5%

stock +5% · XLC +23%

Evercore ISI Group ↗

Jan 9, 25

▲ Outperform · 🎯$35

Price at call : $29.34 — upside +19%

Today : $26.74 — upside +31%

Expected +19% · Actual +5% · Reason (≥ +15%) : ✗ No

🎯 on WMG : 100% (1 call matured) · 📊 on Comm. : 40% · +11.2% (20 calls)

+5.5%

stock +5% · XLC +23%

Jan 8, 25

▲ Buy · 🎯$40

Price at call : $29.34 — upside +36%

Today : $26.74 — upside +50%

Expected +36% · Actual +6% · Reason (≥ +15%) : ✗ No

🎯 on WMG : 44% (9 calls matureds) · 📊 on Comm. : 30% · -6.7% (30 calls)

+5.7%

stock +6% · XLC +23%

Dec 4, 24

▲ Buy · 🎯$44

Price at call : $31.94 — upside +38%

Today : $26.74 — upside +65%

Expected +38% · Actual -13% · Reason (≥ +15%) : ✗ No

🎯 on WMG : 44% (9 calls matureds) · 📊 on Comm. : 30% · -6.7% (30 calls)

-12.7%

stock -13% · XLC +16%

Nov 29, 24

■ Neutral neutral · not a buy · 🎯$34

Price at call : $32.17 — gap to target +6%

Today : $26.74 — gap to target +27%

🎯 on WMG : 50% (2 calls matureds) · 📊 on Comm. : 38.5% · -2.7% (39 calls)

in progress (365j)
matures : Nov 29, 25

Loop Capital ↗

Nov 25, 24

■ Hold neutral · not a buy · 🎯$35

Price at call : $32.05 — gap to target +9%

Today : $26.74 — gap to target +31%

🎯 on WMG : no call matured yet · 📊 on Comm. : 50% · +16.4% (10 calls)

in progress (365j)
matures : Nov 25, 25

Nov 22, 24

■ Neutral neutral · not a buy · 🎯$30

Price at call : $32.05 — gap to target -6%

Today : $26.74 — gap to target +12%

🎯 on WMG : no call matured yet · 📊 on Comm. : 88.9% · +35.6% (9 calls)

in progress (365j)
matures : Nov 22, 25

Nov 22, 24

▲ Buy · 🎯$44

Price at call : $32.05 — upside +37%

Today : $26.74 — upside +65%

Expected +37% · Actual -10% · Reason (≥ +15%) : ✗ No

🎯 on WMG : 44% (9 calls matureds) · 📊 on Comm. : 30% · -6.7% (30 calls)

-9.6%

stock -10% · XLC +16%

Nov 22, 24

▲ Overweight · 🎯$40

Price at call : $32.05 — upside +25%

Today : $26.74 — upside +50%

Expected +25% · Actual -10% · Reason (≥ +15%) : ✗ No

🎯 on WMG : 0% (1 call matured) · 📊 on Comm. : 22.6% · -15.2% (31 calls)

-9.6%

stock -10% · XLC +16%

Barclays ↗

Nov 22, 24

■ Equal-Weight neutral · not a buy · 🎯$31

Price at call : $31.85 — gap to target -3%

Today : $26.74 — gap to target +16%

🎯 on WMG : no call matured yet · 📊 on Comm. : 38.5% · -1.9% (13 calls)

in progress (365j)
matures : Nov 22, 25

Oct 11, 24

■ Neutral neutral · not a buy · 🎯$30

Price at call : $31.11 — gap to target -4%

Today : $26.74 — gap to target +12%

🎯 on WMG : no call matured yet · 📊 on Comm. : 88.9% · +35.6% (9 calls)

in progress (365j)
matures : Oct 11, 25

Oct 4, 24

▼ Underperform · 🎯$30

Price at call : $31.14 — upside -4%

Today : $26.74 — upside +12%

Expected -4% · Actual +8% · Reason (≤ −15%) : ✗ No

🎯 on WMG : 0% (1 call matured) · 📊 on Comm. : 52.4% · -2.0% (21 calls)

-8.1%

stock +8% · XLC +28%

Sep 12, 24

▲ Buy · 🎯$44

Price at call : $29.02 — upside +52%

Today : $26.74 — upside +65%

Expected +52% · Actual +16% · Reason (≥ +15%) : ✓ Yes

🎯 on WMG : 33% (3 calls matureds) · 📊 on Comm. : 33.3% · -12.2% (3 calls)

+15.5%

stock +16% · XLC +37%

Deutsche Bank ↗

Aug 13, 24

▲ Buy · 🎯$36

Price at call : $27.91 — upside +29%

Today : $26.74 — upside +35%

Expected +29% · Actual +15% · Reason (≥ +15%) : ✗ No

🎯 on WMG : 100% (1 call matured) · 📊 on Comm. : 39.3% · +8.0% (28 calls)

+15.0%

stock +15% · XLC +30%

Aug 8, 24

■ Neutral neutral · not a buy · 🎯$32

Price at call : $28.34 — gap to target +13%

Today : $26.74 — gap to target +20%

🎯 on WMG : no call matured yet · 📊 on Comm. : 88.9% · +35.6% (9 calls)

in progress (365j)
matures : Aug 8, 25

Aug 1, 24

■ Neutral neutral · not a buy · 🎯$32

Price at call : $28.26 — gap to target +13%

Today : $26.74 — gap to target +20%

🎯 on WMG : no call matured yet · 📊 on Comm. : 88.9% · +35.6% (9 calls)

in progress (365j)
matures : Aug 1, 25

Apr 5, 24

▲ Buy · 🎯$45

Price at call : $35.1 — upside +28%

Today : $26.74 — upside +68%

Expected +28% · Actual -18% · Reason (≥ +15%) : ✗ No

🎯 on WMG : 44% (9 calls matureds) · 📊 on Comm. : 30% · -6.7% (30 calls)

-17.7%

stock -18% · XLC +6%

Oct 18, 23

▲ Buy · 🎯$52

Price at call : $32.66 — upside +59%

Today : $26.74 — upside +94%

Expected +59% · Actual -1% · Reason (≥ +15%) : ✗ No

🎯 on WMG : 33% (3 calls matureds) · 📊 on Comm. : 33.3% · -12.2% (3 calls)

-0.8%

stock -1% · XLC +36%

Mar 22, 23

▲ Buy · 🎯$36

Price at call : $30.87 — upside +17%

Today : $26.74 — upside +35%

Expected +17% · Actual +5% · Reason (≥ +15%) : ✗ No

🎯 on WMG : 44% (9 calls matureds) · 📊 on Comm. : 30% · -6.7% (30 calls)

+5.3%

stock +5% · XLC +47%

Jun 3, 22

▲ Buy · 🎯$34

Price at call : $29.42 — upside +16%

Today : $26.74 — upside +27%

Expected +16% · Actual -18% · Reason (≥ +15%) : ✗ No

🎯 on WMG : 44% (9 calls matureds) · 📊 on Comm. : 30% · -6.7% (30 calls)

-17.6%

stock -18% · XLC +6%

Dec 22, 21

▲ Buy · 🎯$52

Price at call : $42.82 — upside +21%

Today : $26.74 — upside +94%

Expected +21% · Actual -17% · Reason (≥ +15%) : ✗ No

🎯 on WMG : 33% (3 calls matureds) · 📊 on Comm. : 33.3% · -12.2% (3 calls)

-17.3%

stock -17% · XLC -39%