Warner Music Group (NASDAQ:WMG) is rated as one of the best communication services stocks by Hedge Funds. Morgan Stanley analyst Cameron Mansson-Perrone assigned a Buy rating with a $37 price target, predicting over 24% upside potential. Peter Supino of Wolfe Research also gave a Buy call, expecting around 21% upside.

Supino’s bullish views on Warner Music Group are based on projections for 2026 in media & entertainment, with a focus on live entertainment and music businesses. Warner Music Group is a leading music entertainment company and record label conglomerate, operating in music publishing and recorded music. They also promote, distribute, and license music, along with talent scouting.

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Read more at Yahoo Finance: Streaming Services Forecasts Fueling Optimism Around Warner Music Group (WMG)