Where Paramount Global Stands With Analysts
Portfolio Pulse from Benzinga Insights
Paramount Global (NASDAQ:PARA) has seen diverse analyst ratings over the last three months, with a shift towards more bearish views in the last 30 days. The average 12-month price target has been adjusted to $12.67, a 15.53% decrease from the previous $15.00. Analyst actions include both downgrades and upgrades, reflecting dynamic market conditions and company performance. Paramount operates in TV media, filmed entertainment, and direct to consumer segments, facing revenue challenges but showing strong financial health indicators like net margin and ROE.
April 04, 2024 | 12:01 pm
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Paramount Global has experienced a shift towards more bearish analyst ratings, with a notable decrease in the average 12-month price target. Despite facing revenue challenges, the company's financial health indicators remain strong.
The decrease in the average price target and the shift towards more bearish ratings suggest a short-term negative impact on PARA's stock price. However, strong financial health indicators may mitigate some of the negative sentiment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100