WARNER MUSIC GROUP AND SPOTIFY ANNOUNCE NEW MULTI-YEAR AGREEMENT TO FUEL GROWTH AND INNOVATION

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Warner Music Group (WMG) PT Raised to $35 at CFRA

February 6, 2025 2:00 PM EST

CFRA analyst Ken Leon raised the price target on Warner Music Group (NASDAQ: WMG) to $35.00 (from $33.00) while maintaining a Hold rating.

The analyst comments "We raise our target price by $2 to $35 on a forward TEV/EBITDA of 14.6x and P/E... More