Stock Price
P/E Ratio
Volume Traded Today
Dividend
52 Week High/low
Paramount Global Market Cap
From what 27 stock analysts predict, the share price for Paramount Global (PARA) might increase by 13.98% in the next year. This is based on a 12-month average estimation for PARA. Price targets go from $10 to $20. The majority of stock analysts believe PARA is a sell. Please note analyst price targets are not guaranteed and could be missed completely.
Paramount Global has a total of 27 Wall St Analyst ratings. There are 6 buy ratings, 10 ratings, and 11 sell ratings. Since most analysts have a sell consensus rating, the expectation is that Paramount Global will perform worse than the market. Investors shouldn't rely purely on analyst ratings; we encourage investors to also take a look at the fundamental and technical analysis in their due diligence.
These are the latest 20 analyst ratings of PARA.
|
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
|---|---|---|---|---|
| Tim Nollen Macquarie | Underperform | $10 | Maintains | Nov 11, 2024 |
| Laura Martin Needham | Hold | Reiterates | Nov 11, 2024 | |
| Michael Morris Guggenheim | Buy | $14 | Maintains | Sep 25, 2024 |
| Philip Cusick JP Morgan | Underweight | $11 | Maintains | Aug 15, 2024 |
| Daniel Kurnos Benchmark | Buy | $19 | Reiterates | Aug 9, 2024 |
| Steven Cahall Wells Fargo | Equal-Weight | $11 | Upgrade | Aug 9, 2024 |
| Laura Martin Needham | Hold | Reiterates | Aug 9, 2024 | |
| Daniel Kurnos Benchmark | Buy | $19 | Reiterates | Jul 9, 2024 |
| Vijay Jayant Evercore ISI Group | In-Line | $11.5 | Maintains | Jul 9, 2024 |
| Michael Ng Goldman Sachs | Sell | $9.5 | Initiates | Jun 25, 2024 |
| Steven Cahall Wells Fargo | Underweight | $9 | Downgrade | Jun 12, 2024 |
| Barton Crockett Rosenblatt | Neutral | $14 | Maintains | Jun 4, 2024 |
| Joseph Bonner Argus Research | Sell | Downgrade | May 3, 2024 | |
| David Joyce Seaport Global | Neutral | Downgrade | May 3, 2024 | |
| Daniel Kurnos Benchmark | Buy | $19 | Reiterates | Apr 30, 2024 |
| Laura Martin Needham | Hold | Downgrade | Apr 30, 2024 | |
| Steven Cahall Wells Fargo | Equal-Weight | $14 | Maintains | Apr 30, 2024 |
| Barton Crockett Rosenblatt | Neutral | $13 | Maintains | Apr 9, 2024 |
| Eric Katz Wolfe Research | Peer Perform | Upgrade | Apr 4, 2024 | |
| Philip Cusick JP Morgan | Underweight | $12 | Maintains | Apr 4, 2024 |
When did it IPO
2022
Staff Count
21,900
Country
United States
Sector/Industry
Communication Services/Entertainment
CEO
Mr. Robert Marc Bakish
Market Cap
$7.97B
In 2023, PARA generated $29.65B in revenue, which was a decrease of -1.66% from the previous year. This can be seen as a signal that PARA's business is declining, and its share price could be worth less in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Mon, 09 Dec 2024
Sentiment - NEGATIVE
Source - Deadline
Summary - Skydance plans an $8 billion merger with Paramount Global, viewed by some as a rescue. However, a Wall Street media veteran warns it may be too early to declare the company safe.
Why It Matters - The merger may indicate financial instability for Skydance, raising concerns about its future performance and potential risks for investors involved with both companies.
Fri, 06 Dec 2024
Sentiment - NEUTRAL
Source - New York Post
Summary - Merger approval requirements may potentially include the submission of the raw interview transcript, though it is currently too early to confirm this.
Why It Matters - Uncertainty around merger approval and potential disclosure of sensitive information could impact stock prices and investor sentiment regarding the involved companies.
Sat, 07 Dec 2024
Sentiment - POSITIVE
Source - New York Post
Summary - Skydance Media is close to obtaining regulatory approval for its $8 billion merger with Paramount Global, though the process may face significant challenges.
Why It Matters - Regulatory approval for Skydance Media's merger with Paramount could impact stock valuations and market dynamics in the media sector, influencing investor sentiment and future deals.
Tue, 03 Dec 2024
Sentiment - NEUTRAL
Source - New York Post
Summary - David Ellison, son of Oracle's Larry Ellison, will lead the combined company as chairman and CEO and is planning changes at Paramount.
Why It Matters - Leadership changes at Paramount under David Ellison could signal a shift in strategy, impacting company performance and stock value, which is crucial for investor sentiment.
Tue, 03 Dec 2024
Sentiment - NEUTRAL
Source - Deadline
Summary - The leadership team at Paramount, including co-CEOs Chris McCarthy, George Cheeks, and Brian Robbins, may change post-Skydance-Paramount merger in late March to early April, but no decisions are confirmed yet.
Why It Matters - Leadership changes post-merger can impact company strategy, operational efficiency, and investor confidence, potentially affecting Paramount's stock performance and market position.
Mon, 02 Dec 2024
Sentiment - POSITIVE
Source - CNBC Television
Summary - CNBC's Julia Boorstin reported on record box office numbers over the weekend, indicating strong performance in the film industry.
Why It Matters - Record box office numbers can signal increased consumer spending and economic recovery, positively impacting entertainment stocks and related sectors.
The information that Ticker Nerd provides is general in nature as it has been prepared without taking account of your objectives, financial situation or needs. It is not intended as legal, financial or investment advice and should not be construed or relied on as such. Ticker Nerd is for information purposes only. Ticker Nerd is not responsible for any damages or losses that may occur as a result of reliance on this information. Before making any commitment of a legal or financial nature you should seek advice from a qualified and registered legal practitioner or financial or investment adviser. All content, group, messaging, tweets, newsletter, article, and email created by Ticker Nerd is intended for educational and information purposes only, is not financial, investment, legal or tax advice, and is a restatement, summary or extract of other data and research reports that are widely distributed from sources such as, but not limited to, Bloomberg, Market Watch, Wall Street Journal, Google Finance, and Yahoo Finance. Ticker Nerd is not a registered financial, investment, legal or tax advisor and is not liable for any financial loss you may incur acting on any information provided by Ticker Nerd. By registering, you agree not to hold Ticker Nerd liable at any time or under any circumstances for your decisions, actions, or results.
