Jefferies Keeps Their Buy Rating on Warner Music Group (WMG)

In a report released today, James Heaney CFA from Jefferies maintained a Buy rating on Warner Music Group, with a price target of $35.00.

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Heaney CFA covers the Communication Services sector, focusing on stocks such as AppLovin, Netflix, and Walt Disney. According to TipRanks, Heaney CFA has an average return of 24.6% and a 42.37% success rate on recommended stocks.

In addition to Jefferies, Warner Music Group also received a Buy from Evercore ISI’s Kutgun Maral in a report issued on November 25. However, on December 9, TR | OpenAI – 4o reiterated a Hold rating on Warner Music Group (NASDAQ: WMG).

Based on Warner Music Group’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.87 billion and a net profit of $365 million. In comparison, last year the company earned a revenue of $1.63 billion and had a net profit of $41 million

Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WMG in relation to earlier this year. Earlier this month, Valentin Blavatnik, a Director at WMG sold 35,810.00 shares for a total of $998,382.80.