WMG Price Prediction Next Week
Technical Analysis
Recent price action shows WMG trading in an upward channel. The stock closed at $36.29 on February 14, showing strong momentum with a 3.39% gain during regular trading hours. The stock has formed higher lows and higher highs over the past week, indicating bullish sentiment.
News & Fundamental Catalysts
- Citi upgraded WMG to Buy from Neutral with a price target increase from $34 to $42, citing an EPS multiple far below peers
- Company declared a $0.18 quarterly dividend (2.05% yield), payable March 4
- Strategic developments include:
- New multi-year deal with Spotify
- Majority stake acquisition in Tempo
- Target of high single-digit subscription revenue growth for fiscal 2025
Price Prediction (Next Week) Based on technical analysis and positive news sentiment:
- Support levels: $35.50, $34.80
- Resistance levels: $37.20, $38.50
- Target price range: $37.00-$38.00
Trading Recommendation BUY with entry around current levels ($36.29)
- Strong technical setup with upward momentum
- Positive analyst upgrades
- Strategic business developments supporting growth
- Set stop loss at $35.00
The stock shows potential for continued upward movement based on both technical and fundamental factors, with an estimated 4-5% upside potential in the coming week.
WMG Similar Chart Price Prediction
The price of WMG is predicted to go up 19.84%, based on the high correlation periods with WB. The similarity of these two price pattern on the periods is 97.63%.
WMG
WB
Up: 19.84%Similarity: 97.63%
WMG Revenue Forecast
WMG EPS Forecast
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WMG VS S&P500
Music streaming services like Spotify still have a long runway for subscriber growth, bringing more revenue into the music ecosystem for labels and artists alike.
Warner will continue to gain share in the recorded music segment because of its focus on hip-hop and other youth-orientated genres.
Warner will be able to gain leverage on its artists and repertoire investments as streaming of its catalog increases.
WMG Analyst's Forecast
Jason Bazinet
Citigroup
Hold → Strong Buy
2025-02-14
Price Target
$34 → $42
Upside
+15.7%
Citi upgraded Warner Music (WMG) to Buy from Neutral with a price target of $42, up from $34. Over the past year, Spotify (SPOT) shares have far outpaced the music labels, but on the heels of new contracts between Spotify and the labels, some of this gap will narrow as labels have secured price escalators independent of Spotify's average revenue per user, the analyst tells investors in a research note. In addition, Citi believes Spotify's pending launch of a "Supremium" tier may help both Spotify and the labels. While all of this is good news for the sector, Warner "currently fetches a far lower multiple than either UMG or SPOT," the firm adds. As such, it upgraded Warner Music to Buy.
Batya Levi
UBS
Strong Buy
2025-01-10
Price Target
$43 → $41
Upside
+39.74%
Jason Bazinet
Citigroup
Hold
2024-11-29
Price Target
$31 → $34
Upside
+4.55%
