Morgan Stanley lowered the firm’s price target on Paramount Skydance (PSKY) to $11 from $12 and keeps an Underweight rating on the shares. Paramount reiterated its standalone 2026 outlook, with revenue, adjusted EBITDA, and free cash flow guidance unchanged, reflecting a year focused on accelerating DTC revenue growth and rebuilding the film slate, the analyst noted. The firm continues to forecast $30B in revenues and $3.8B in adjusted EBITDA, excluding $300M of stock-based compensation, for 2026, in-line with the reiterated guidance, the analyst added.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PSKY:
- Paramount Skydance: Limited Standalone Upside and Execution Risks Justify Sell Rating and Lowered $11 Price Target
- Paramount Skydance Misses Q4 Earnings with Weak Guidance, Braces for TV Slump
- Paramount Skydance sees theatrical revenue declining in 2026
- Paramount says won’t be commenting further on Warner Bros. offer in call
- Paramount Skydance reports Q4 revenue $8.1B vs. $8.0B last year for predecessor