Key Highlights:
- Paramount Global extends merger with Skydance Media, targeting completion by July 2025.
- Average analyst price target for PARA is $12.23, indicating a potential 12.60% upside.
- GuruFocus GF Value suggests a 30.48% upside potential for Paramount Global shares.
Paramount Global (NASDAQ: PARA) has recently announced an extension to its anticipated $8 billion merger with Skydance Media. The closing date, initially set for April 7, 2025, has been pushed to July 7, 2025. This decision stems from ongoing Federal Communications Commission approval delays, which are compounded by legal disputes surrounding shareholder value assessments.
Wall Street Analysts Forecast
Wall Street analysts continue to project a positive outlook for Paramount Global. Among 19 analysts, the average 12-month price target stands at $12.23, with predictions ranging from a high of $19.34 to a low of $9.00. This forecast suggests a potential upside of 12.60% from the current trading price of $10.86. Interested investors can find a comprehensive breakdown of these estimates on the Paramount Global (PARA, Financial) Forecast page.
Regarding analyst sentiments, 25 brokerage firms have collectively recommended a "Hold" status for Paramount Global, with an average rating of 3.2 on a scale where 1 indicates "Strong Buy" and 5 suggests "Sell."
GuruFocus Valuation Insights
From a valuation perspective, GuruFocus offers promising insights with its GF Value calculation. The estimated GF Value for Paramount Global is projected to reach $14.17 within a year, highlighting a notable upside of 30.48% from the current price. This valuation assesses what the stock should be trading at, taking into account historical trading multiples, previous business growth, and projected future performance. For a detailed exploration, visit the Paramount Global (PARA, Financial) Summary page.
