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Paramount Global has been downgraded by Deutsche Bank from a "buy" to a "hold" rating, with a target price of $12.00, indicating a potential upside of 2.3%. The company reported a quarterly loss of $0.11 EPS, missing estimates, and has an average analyst rating of "hold" with a price target of $12.09. Institutional investors hold 73% of the stock, reflecting significant interest despite recent challenges.
Deutsche Bank has downgraded Paramount Global (PARA) from 'buy' to 'hold' due to rising risks in the advertising sector, lowering its price target from $15 to $12. Analysts project an average target price of $12.39, indicating a potential upside of 5.01%, while GuruFocus estimates a more optimistic GF Value of $14.18, suggesting a 20.22% upside.
Deutsche Bank has downgraded Paramount Global's rating from "Buy" to "Hold," citing a revised EBITDA outlook and the stock's peak price since the merger announcement with TPG Capital's Temple Dance Studios. The price target has been adjusted from $15 to $12, reflecting a more balanced risk-reward scenario amid potential macroeconomic challenges affecting advertising.
Deutsche Bank has downgraded Paramount Global from Buy to Hold, adjusting its price target from $15 to $12. Paramount Global operates across three segments: TV Media, Direct-to-Consumer, and Filmed Entertainment, encompassing a range of networks and streaming services.
UBS analyst John Hodulik has reiterated a Sell rating on Paramount Global, maintaining a price target of $11.00 as the stock trades at $11.63. The company is expected to face challenges with a projected 8.5% decline in sales and a 34% drop in EBITDA for Q1, influenced by last year's Super Bowl revenue. Despite these short-term hurdles, improvements in Direct-to-Consumer EBITDA and a potential deal with Skydance could enhance long-term prospects.
Broadcast TV is poised for a potential resurgence as executives anticipate regulatory changes that could allow for greater consolidation, enhancing their ability to compete for local sports rights. With recent acquisitions of NHL and NBA rights by companies like Scripps and Gray, there’s optimism that a more favorable environment could enable broadcasters to invest more in local markets. As traditional pay TV declines, the shift towards a dual strategy of digital streaming and broadcast could redefine how fans engage with their teams.
Streaming services are capitalizing on the holiday season, offering promotions that attracted 6.9 million new sign-ups during Black Friday 2023, an 82% increase from the previous year. Paramount+ gained 1.8 million customers, while Hulu added 1.7 million through these deals.
Paramount Global is set to award $1 million retention bonuses to Doretha F. Lea and Nancy Phillips, its heads of government relations and human resources, respectively. These bonuses are tied to the upcoming merger with Skydance Media and aim to ensure smooth operations before the deal's completion, as outlined in a regulatory filing.
National Amusements, controlled by Shari Redstone and her family, has repaid a $186 million term loan using funds from the Ellison family, led by David Ellison, as part of their merger with Skydance Media. The loan was due in May and was refinanced with assistance from Ellison"s father, a billionaire.
Disney's recent earnings report indicates a significant turnaround in its streaming business, with projections showing a $875 million increase in operating income for fiscal 2025, potentially surpassing losses from traditional TV. The company’s streaming platforms, including Disney+ and Hulu, posted a combined operating income of $321 million in the last quarter, a stark contrast to the $2.5 billion loss the previous year. This suggests that streaming may successfully replace the profits once generated by linear TV, despite ongoing challenges in the media landscape.
Paramount Global
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