Warner Music Group (NASDAQ:WMG) is one of the best communication services stocks according to Hedge Funds.
On December 18, Morgan Stanley analyst Cameron Mansson-Perrone assigned a Buy rating to the stock, with $37 price target. The analyst labeled the stock as a “2025 laggard”, but remains optimistic based on expectations of accelerated payments on streaming services during the first quarter of 2026. His estimates imply over 24% upside from the current level.
Pixabay/Public Domain
Peter Supino of Wolfe Research also reaffirmed his outperform rating on Warner Music Group (NASDAQ:WMG). Supino gave a Buy call on December 15; however, he cut down his price target from $40 to $36. Following this revision, there is now around 21% upside potential for investors.
Supino’s bullish views for Warner Music Group (NASDAQ:WMG) are based on Wolfe Research’s 2026 projections for media & entertainment. Based on the outlook, the firm remains overweight on live entertainment and music businesses.
Warner Music Group (NASDAQ: WMG) is a music entertainment company and record label conglomerate. It is the third-largest music recording company in the world, and operates through music publishing and recorded music. They also engage in the promotion, distribution, and licensing of music, as well as the search for new talent.
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Disclosure: None. This article is originally published at Insider Monkey.
