Warner Music Group (WMG) Stock: $40 Price Target And Overweight Rating

By Amit Chowdhry ● May 12, 2022
  • The shares of Warner Music Group (NASDAQ: WMG) have received a $40 price target from JPMorgan. These are the details.

The shares of Warner Music Group (NASDAQ: WMG) have received a $40 price target from JPMorgan. And JPMorgan analyst Alexia Quadrani is maintaining an “Overweight” rating on the shares.

Quadrani adjusted the rating following the company’s second-quarter results. Warner Music Group had reported a Q2 EPS of $0.18, which was $0.04 lower than analyst estimates of $0.22. And the revenue for the quarter was $1.38 billion – which was in line with consensus estimates.

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