UBS analyst Batya Levi has maintained their bullish stance on WMG stock, giving a Buy rating yesterday.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Batya Levi has given his Buy rating due to a combination of factors including Warner Music Group’s strong financial performance and growth prospects. The company’s fourth-quarter revenue and EBITDA exceeded expectations, driven by robust streaming growth and better-than-anticipated performance in artist services. Total revenues increased by 12.6% year-over-year in constant currency, surpassing both UBS and Street estimates.
Additionally, the Recorded Music segment showed significant improvement with a 12.7% year-over-year increase in revenue, supported by high single-digit streaming revenue growth. Music Publishing revenues also grew by 12.7% year-over-year, with digital revenues and streaming revenue growth showing positive trends. These factors, along with management’s outlook for margin improvement, contribute to the positive assessment of Warner Music Group’s future performance.
According to TipRanks, Levi is ranked #7795 out of 10073 analysts.
In another report released yesterday, TD Cowen also reiterated a Buy rating on the stock with a $46.00 price target.