Universal Music Stock Already Factors In Long-Term Growth Potential -- Market Talk
Dow Jones
Jun 25
0821 GMT - Universal Music Group can achieve 2028 guidance it set last year and deliver long-term growth, UBS analysts write in a research note. However, they say investors have already priced in the record label's growth potential and downgrade the stock to neutral from buy. The company behind Taylor Swift, Billie Eilish and Ariana Grande is forecasting a compound annual growth rate for revenue at constant currencies of more than 7% through 2028, with subscription revenue growing 8% to 10%. The group is betting on streaming subscriptions and partnerships to achieve its targets. Universal Music shares in Amsterdam trade 1.1% lower at 27.11 euros. (mauro.orru@wsj.com)
(END) Dow Jones Newswires
June 25, 2025 04:22 ET (08:22 GMT)
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