Key Takeaways:
- Bill Owens' departure may facilitate Paramount-Skydance merger amid legal challenges.
- Analysts predict a 10.59% upside for Paramount Global's stock price.
- Paramount Global holds a "Hold" status with a GF Value suggesting a 28.49% potential rise.
Bill Owens, the executive producer of CBS’s renowned program “60 Minutes,” has stepped down amidst legal disputes involving Donald Trump. This development is anticipated to potentially ease the process for a merger between Paramount and Skydance, marking a significant moment for Paramount Global (PARA, Financial) as it maneuvers through intricate legal and corporate issues.
Analyst Predictions and Insights
Current analysis from 19 stock market analysts provides a bullish outlook for Paramount Global (PARA, Financial). With an average price target of $12.17, expectations range from a low of $9.00 to a high of $19.24. This average target price suggests a potential upside of 10.59% from the present share price of $11.01. Detailed forecast information is available on the Paramount Global (PARA) Forecast page.
Among 25 brokerage firms, Paramount Global's (PARA, Financial) stock earns an average rating of 3.2, categorizing it under a "Hold" status. This rating employs a scale from 1 to 5, where 1 represents a "Strong Buy" and 5 signifies a "Sell".
Paramount Global's Valuation Perspective
GuruFocus estimates suggest the GF Value for Paramount Global (PARA, Financial) could reach $14.14 in one year. This presents a potential upside of 28.49% from the current market price of $11.005. The GF Value is an assessment of the stock's fair trading value, derived from historical trading multiples, past growth trajectories, and future business performance predictions. Full valuation data is available on the Paramount Global (PARA) Summary page.
