Morgan Stanley analyst Benjamin Swinburne maintains $Warner Music (WMG.US)$ with a buy rating, and maintains the target price at $35.
According to TipRanks data, the analyst has a success rate of 62.2% and a total average return of 13.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Warner Music (WMG.US)$'s main analysts recently are as follows:
While Warner Music's streaming revenue growth and guidance might have come in slightly below expectations, the subsequent drop in stock value appears to be unjustified.
Warner Music is currently addressing management changes aimed at revitalizing its recorded music growth. This initiative comes as major labels are increasingly finding their growth rates lagging behind their key customer, Spotify.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
