Bernstein raises Warner Music target price to $34, anticipating positive Q3 results

2025-07-03 15:44:00

Bernstein SocGen Group raised Warner Music Group’s price target to $34 with an Outperform rating, anticipating in-line Q3 results. Analysts are focused on new details that could impact fiscal 2026 earnings growth, including potential earnings boost from a legal settlement with Frontier. Incremental disclosures on growth trajectory, cost reductions, and catalog acquisitions are key for bullish case on Warner shares.