Citi lowered the firm’s price target on Paramount to $15 from $19 and keeps a Buy rating on the shares. The analyst updated the company’s model to reflect the Q4 results and and the latest outlook. Citi’s revenue and adjusted OIBDA estimates from through 2026 move downwards but it continues to view the stock’s risk/reward as favorable at prevailing levels.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on PARA:
- Paramount price target lowered to $15 from $17 at Seaport Research
- Paramount (NASDAQ:PARA) Plans Response to Declining Earnings
- Paramount price target lowered to $9 from $12 at Rosenblatt
- PARA Earnings: Paramount+ Streaming Success Propels PARA Stock Higher
- Paramount price target lowered to $19 from $30 at Benchmark