Streaming Services Forecasts Fueling Optimism Around Warner Music Group (WMG)

Group 1 - Warner Music Group (NASDAQ: WMG) is recognized as one of the best communication services stocks by hedge funds [1] - Morgan Stanley analyst Cameron Mansson-Perrone assigned a Buy rating with a price target of $37, indicating over 24% upside potential from the current level [1] - Wolfe Research analyst Peter Supino reaffirmed an outperform rating with a revised price target of $36, suggesting around 21% upside potential for investors [2] Group 2 - Supino's positive outlook for Warner Music Group is based on Wolfe Research's 2026 projections for the media and entertainment sector, emphasizing an overweight position on live entertainment and music businesses [3] - Warner Music Group is the third-largest music recording company globally, involved in music publishing, recorded music, promotion, distribution, licensing, and talent acquisition [4]