Guggenheim Reaffirms Buy Rating for Warner Music Group (NASDAQ:WMG)

Posted by Brenda Bartman on Oct 2nd, 2026

Warner Music Group (NASDAQ:WMG – Get Free Report)‘s stock had its “buy” rating reaffirmed by Guggenheim in a report released on Tuesday, Benzinga reports. They currently have a $36.00 target price on the stock. Guggenheim’s price target would suggest a potential upside of 34.23% from the stock’s current price.

Other analysts also recently issued reports about the stock. Zacks Research downgraded shares of Warner Music Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 22nd. Morgan Stanley reiterated an “overweight” rating and issued a $36.00 price objective on shares of Warner Music Group in a research report on Thursday, August 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Warner Music Group in a research report on Monday, September 21st. Finally, Wall Street Zen downgraded shares of Warner Music Group from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. Twelve equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Warner Music Group currently has an average rating of “Moderate Buy” and a consensus price target of $38.33.

Check Out Our Latest Analysis on Warner Music Group

Warner Music Group Stock Performance

Shares of Warner Music Group stock traded down $0.23 during trading hours on Tuesday, reaching $26.82. The company’s stock had a trading volume of 2,539,559 shares, compared to its average volume of 2,302,088. The company’s 50 day simple moving average is $27.39 and its 200 day simple moving average is $28.31. The company has a debt-to-equity ratio of 4.94, a quick ratio of 0.72 and a current ratio of 0.73. Warner Music Group has a one year low of $23.34 and a one year high of $35.42. The stock has a market cap of $14.03 billion, a P/E ratio of 21.29, a price-to-earnings-growth ratio of 0.47 and a beta of 1.40.

Warner Music Group (NASDAQ:WMG – Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.17. The firm had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.81 billion. Warner Music Group had a net margin of 9.20% and a return on equity of 85.50%. Warner Music Group’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period last year, the firm posted ($0.03) EPS. As a group, analysts expect that Warner Music Group will post 1.45 EPS for the current fiscal year.

Hedge Funds Weigh In On Warner Music Group

Several large investors have recently bought and sold shares of the stock. Legal & General Group Plc grew its stake in shares of Warner Music Group by 29.3% in the 4th quarter. Legal & General Group Plc now owns 423,049 shares of the company’s stock worth $12,975,000 after purchasing an additional 95,956 shares during the last quarter. Intech Investment Management LLC acquired a new position in shares of Warner Music Group in the 4th quarter worth approximately $3,494,000. Bank of America Corp DE grew its stake in shares of Warner Music Group by 42.2% in the 1st quarter. Bank of America Corp DE now owns 574,242 shares of the company’s stock worth $14,666,000 after purchasing an additional 170,316 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Warner Music Group by 15.2% in the 4th quarter. JPMorgan Chase & Co. now owns 16,645,276 shares of the company’s stock worth $510,511,000 after purchasing an additional 2,200,362 shares during the last quarter. Finally, Corient Private Wealth LP acquired a new position in shares of Warner Music Group in the 2nd quarter worth approximately $6,199,000. Institutional investors and hedge funds own 96.88% of the company’s stock.

Warner Music Group Company Profile

(Get Free Report)

Warner Music Group Corp. is a global music entertainment company that operates through two primary businesses: recorded music and music publishing. Its recorded-music operations discover, develop, market and distribute music from artists and songwriters through labels including Warner Records, Atlantic Records and Parlophone, as well as a range of regional and specialty labels.

The company’s music publishing division, Warner Chappell Music, manages copyrights and licenses compositions for use in recordings, films, television, advertising, video games and other media.