Morgan Stanley Sticks to Its Buy Rating for Warner Music Group (WMG)

Morgan Stanley analyst Cameron Mansson-Perrone maintained a Buy rating on Warner Music Group today and set a price target of $37.00.

Claim 70% Off TipRanks Premium

• Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
• Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential

According to TipRanks, Mansson-Perrone is a 4-star analyst with an average return of 13.2% and a 73.91% success rate. Mansson-Perrone covers the Communication Services sector, focusing on stocks such as Warner Music Group, Live Nation Entertainment, and Vivid Seats.

In addition to Morgan Stanley, Warner Music Group also received a Buy from TipRanks – Google’s Google Entertainment in a report issued today. However, on the same day, TipRanks – xAI 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 30 insiders, corporate insider sentiment is neutral on the stock. Last month, ARMIN ZERZA, the CFO of WMG bought 35,778.00 shares for a total of $1,006,077.36.