Based on 12 Wall Street analysts offering 12 month price targets for Universal Music Group in the last 3 months. The average price target is $32.11 with a high forecast of $38.41 and a low forecast of $22.94. The average price target represents a 12.28% change from the last price of $28.60.

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<div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 8,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 0, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 1</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":22.84,"date":1688688000000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Moderate Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 9,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 1, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 1</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":25.68,"date":1691107200000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 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Highest Price Target$38.41

Average Price Target$32.11

Lowest Price Target$22.94

The highest, average, and lowest price target of all analysts. Click on ‘Top Analysts’ to focus on the best performers.

Detailed List of Analyst Forecasts

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J.P. Morgan

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Reiterated

04/19/24

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Morgan Stanley

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04/17/24

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Kepler Capital

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04/05/24

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Barclays

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04/05/24

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UBS

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04/04/24

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Citi

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04/04/24

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Goldman Sachs

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04/03/24

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HSBC

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03/08/24

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Jefferies

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Reiterated

03/01/24

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Deutsche Bank

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Reiterated

02/29/24

Christophe Cherblanc

Societe Generale

$33.61

Buy

17.53%

Upside

Reiterated

02/29/24

Societe Generale Reiterates Buy Rating on Universal Music Group NV (UMG:NA) (UMGNF)Societe Generale analyst Christophe Cherblanc reiterated a Buy rating and EUR31.50 price target on Universal Music Group NV (UMG:NA) (OTC: UMGNF).

Ken Leon

CFRA

$32.01

Buy

11.94%

Upside

Upgraded

02/28/24

CFRA Upgrades Universal Music Group NV (UMG:NA) (UMGNF) to BuyCFRA analyst Kenneth Leon upgraded Universal Music Group NV (UMG:NA) (OTC: UMGNF) from Hold to Buy with a price target of EUR30.00 (from EUR25.00).

Omar Mejias

Wells Fargo

$29.88

Buy

4.48%

Upside

Initiated

11/15/23

Universal Music Group initiated with an Overweight at Wells FargoUniversal Music Group initiated with an Overweight at Wells Fargo

Matthew J Walker

Credit Suisse

$26.89

Buy

-5.97%

Downside

Reiterated

07/27/23

Universal Music Group NV (UMG:NA) (UMGNF) PT Raised to EUR25.20 at Credit SuisseCredit Suisse analyst Matthew Walker raised the price target on Universal Music Group NV (UMG:NA) (OTC: UMGNF) to EUR25.20 (from EUR24.30) while maintaining a Outperform rating.

Doug Creutz

TD Cowen

$27.74

Buy

-2.99%

Downside

Initiated

07/24/23

Universal Music Group initiated with an Outperform at TD CowenUniversal Music Group initiated with an Outperform at TD Cowen

UMGNF Analyst Recommendation Trends

Rating

Dec 23

Jan 24

Feb 24

Mar 24

Apr 24

Strong Buy

Buy

Hold

Sell

Strong Sell

total

In the current month, UMGNF has received 17 Buy Ratings, 4 Hold Ratings, and 1 Sell Ratings. UMGNF average Analyst price target in the past 3 months is $32.11.

Each month's total comprises the sum of three months' worth of ratings.

Stocks with the Highest Top Analyst Consensus in the Communication Services Sector

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UMGNF Financial Forecast

UMGNF Earnings Forecast

Next quarter’s earnings estimate for UMGNF is $0.22 with a range of $0.18 to $0.24. The previous quarter’s EPS was $0.19. UMGNF beat its EPS estimate 50.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 53.88% of the time in the same period. In the last calendar year UMGNF has Underperformed its overall industry.

UMGNF Sales Forecast

Next quarter’s sales forecast for UMGNF is $2.76B with a range of $2.74B to $2.78B. The previous quarter’s sales results were $6.33B. UMGNF beat its sales estimates 100.00% of the time in past 12 months, while its overall industry beat sales estimates 58.81% of the time in the same period. In the last calendar year UMGNF has Outperformed its overall industry.

UMGNF Stock Forecast FAQ

What is UMGNF’s average 12-month price target, according to analysts?

Based on analyst ratings, Universal Music Group’s 12-month average price target is $32.11.

What is UMGNF’s upside potential, based on the analysts’ average price target?

Universal Music Group has 12.28% upside potential, based on the analysts’ average price target.

Can I see which stocks the top-ranking analysts are rating?

Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.

How can I follow the stock ratings of top Wall Street analysts?

Head over to our Expert Center to see a list of the top 100 Wall Street analysts and follow the analysts of your choice. Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis.

Is UMGNF a Buy, Sell or Hold?

Universal Music Group has a conensus rating of Strong Buy which is based on 10 buy ratings, 1 hold ratings and 1 sell ratings.

What is Universal Music Group’s price target?

The average price target for Universal Music Group is $32.11. This is based on 12 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
The highest analyst price target is $38.41 ,the lowest forecast is $22.94. The average price target represents 12.28% Increase from the current price of $28.598.

What do analysts say about Universal Music Group?

Universal Music Group’s analyst rating consensus is a Strong Buy. This is based on the ratings of 12 Wall Streets Analysts.

How can I buy shares of UMGNF?

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Universal Music Group (UMGNF) Stock Forecast & Price Target

UMGNF Analyst Ratings

UMGNF Stock 12 Month Forecast

Average Price Target

Detailed List of Analyst Forecasts​

UMGNF Analyst Recommendation Trends

UMGNF Financial Forecast

UMGNF Earnings Forecast

UMGNF Sales Forecast

UMGNF Stock Forecast FAQ

Get More with TipRanks Premium

Detailed List of Analyst Forecasts