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Bernstein Remains a Buy on Warner Music Group (WMG)

Tipranks - Tipranks - Fri Apr 10, 6:28AM CDT

In a report released today, Ian S. Moore from Bernstein maintained a Buy rating on Warner Music Group, with a price target of $38.00.

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S. Moore covers the Communication Services sector, focusing on stocks such as TKO Group Holdings, Spotify, and Warner Music Group. According to TipRanks, S. Moore has an average return of -8.7% and a 32.35% success rate on recommended stocks.

In addition to Bernstein, Warner Music Group also received a Buy from Guggenheim’s Michael Morris in a report issued on March 31. However, yesterday, Barclays maintained a Hold rating on Warner Music Group (NASDAQ: WMG).

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Based on Warner Music Group’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.84 billion and a net profit of $176 million. In comparison, last year the company earned a revenue of $1.67 billion and had a net profit of $236 million

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