Spotify, Warner Music Group sign new multi-year distribution deal
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If Spotify’s share price is right, then this share price is 100% wrong: JPMorgan
February 7, 2025 6:30 PM ESTJPMorgan analysts argued in a note Friday that Universal Music Group (UMG) is significantly undervalued compared to Spotify, despite both companies being part of the same industry and sharing the same fundamental growth drivers.
"UMG & Spotify are part of the same value chain; they share the same growth drivers, the same customers & to a large extent the same revenue, wrote the bank.... More
Warner Music Group (WMG) PT Raised to $35 at CFRA
February 6, 2025 2:00 PM ESTCFRA 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
