PARA Similar Chart Price Prediction
The price of PARA is predicted to go up -0.68%, based on the high correlation periods with EMR. The similarity of these two price pattern on the periods is 93.03%.
PARA
EMR
Down: -0.68%Similarity: 93.03%
PARA Revenue Forecast
PARA EPS Forecast
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PARA VS S&P500
CBS is overlooked. NFL rights, television franchises, and continual leadership in prime-time broadcast television will bring value even if pay-TV subscribership continues declining.
With a historically weaker streaming platform, Paramount has the right strategy to consolidate entertainment and linear content onto Paramount+ and partner with other subscription services to bring more eyeballs to its content.
Paramount's studios remain top-tier for content creation and ownership. Licensing opportunities will be robust if the Paramount+ streaming service fails.
PARA Analyst's Forecast
Michael Morris
Guggenheim
Strong Buy
2024-09-25
Price Target
$19 → $14
Upside
+32.7%
Guggenheim analyst Michael Morris lowered the firm's price target on Paramount to $14 from $19 and keeps a Buy rating on the shares after having updated the firm's Paramount model for recent trends, with its Q3 and full-year profit outlook largely unchanged. The firm notes that the $500M in synergies that management previously identified is captured in its model from a top-down basis for 2025, though it would expect more color on impact by segment over the coming quarters.
