Quantcast

UMG STOCK HITS RECORD HIGH

Universal Music Group’s stock price has sat at record levels the last 24 hours, closing at an all-time high of €27.89—30 bucks a share—on Monday.

The stock price has risen just under 10% to date this year and is up 20% since April 2023. The current stock price gives the Sir Lucian Grainge-led company a valuation of more than €50b.

The company went public in September 2021.

Prior to Monday’s record, the stock’s most recent spike was on 2/29, the day after Grainge announced that the company pulled in $12b in 2023. Recently, analysts from investment bank UBS gave the stock a €31.40 price target. UBS was bullish on UMG’s superfan plans, cost savings from the current reorganization and the increase of subscription revenue.

SPOTIFY Q1 PROFIT TOPS $1B; SUBS HIT 239M
How Swede it is. (4/23a)
HITS LIST IN
PLAYOFF MODE
Will scoring records be broken this week? (4/23a)
THE COUNT: ALL THE DESERT'S A STAGE
The dust settles on the Indio Polo Grounds. (4/22a)
ROCK HALL UNVEILS
2024 INDUCTEES
Class of '24 comes alive. (4/22a)
TOP 20: TAYLOR TIME
Is it ever. (4/23a)
THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
 Email

 First Name

 Last Name

 Company

 Country
CAPTCHA code
Captcha: (type the characters above)