Benchmark lowered the firm’s price target on Paramount (PARA) to $16 from $19 and keeps a Buy rating on the shares. The firm is reducing its forecasts “pretty significantly,” reflecting a combination of weaker advertising, slower Paramount+ sub growth, and additional challenges in affiliate and licensing revenue, but adds that it “cannot seem to bring our estimates to be in line or below the street in 2025.”
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PARA:
- Hollywood wanted movies brought back to U.S., but not with tariffs, WSJ says
- Is PARA a Buy, Before Earnings?
- “Be the Leader You’ve Been Complaining For!” Paramount Stock (NASDAQ:PARA) Dips as Paramount Pulls Out of Politics
- Morgan Stanley says tariff on movies could reduce companies’ earnings power
- Tariffs on films may end up hurting industry, says Barclays
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue