Wall Street analyst price targets, ratings consensus & upside potential · Updated Feb 28, 2026
Last 12 months price action with 12-month analyst target path
As of March 2, 2026, Warner Music Group Corp. (WMG) has a Wall Street consensus price target of $36.50, based on estimates from 24 covering analysts. With the stock currently trading at $28.60, this represents a potential upside of +27.6%. The company has a market capitalization of $10.74B.
Analyst price targets range from a low of $33.00 to a high of $39.00, representing a 16% spread in expectations. The median target of $37.00 aligns closely with the consensus average. The tight target dispersion indicates high conviction among analysts.
The current analyst consensus rating is Buy, with 16 analysts rating the stock as a Buy or Strong Buy,7 rating it Hold, and 1 rating it Sell or Strong Sell. The positive sentiment balance indicates moderate optimism about the stock prospects.
From a valuation perspective, WMG trades at a trailing P/E of 40.9x and forward P/E of 21.0x. Analysts expect EPS to grow +131.8% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $40.09, with bear and bull scenarios of $-10.02 and $54.72 respectively. Model confidence stands at 57/100, reflecting moderate uncertainty in projections.
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Start ComparisonThe consensus Wall Street price target for WMG is $36.5, representing 27.6% upside from the current price of $28.6. With 24 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.
WMG has a consensus rating of "Buy" based on 24 Wall Street analysts. The rating breakdown is predominantly bullish, with 16 Buy/Strong Buy ratings. The consensus 12-month price target of $36.5 implies 27.6% upside from current levels.
WMG trades at a forward P/E of 21.0001x, representing a moderate valuation. With analysts targeting $36.5 (27.6% implied move), the stock appears reasonably valued with upside.
The most bullish Wall Street analyst has a price target of $39 for WMG, while the most conservative target is $33. The consensus of $36.5 represents the median expectation. Our quantitative valuation model projects a bull case target of $55 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
WMG is well covered by analysts, with 24 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 16 have Buy ratings, 7 recommend Hold, and 1 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month WMG stock forecast based on 24 Wall Street analysts shows a consensus price target of $36.5, with estimates ranging from $33 (bear case) to $39 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $40, with bear/bull scenarios of $-10/$55.
Our quantitative valuation model calculates WMG's fair value at $40 (base case), with a bear case of $-10 and bull case of $55. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 57/100.
WMG trades at a forward P/E ratio of 21.0x based on next-twelve-months earnings estimates compared to a trailing P/E of 40.9x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Wall Street analysts are very optimistic on WMG, with a "Buy" consensus rating and $36.5 price target (27.6% upside). 16 of 24 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
WMG analyst price targets range from $33 to $39, a 16% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $36.5 consensus represents the middle ground. Our model's $-10-$55 range provides an independent fundamental perspective.