#2 - ViacomCBS (NASDAQ:VIAC)
ViacomCBS (NASDAQ:VIAC) may best be remembered for getting caught up in the Archegos Capital Management margin call. Shares of VIAC stock plunged more than 60% from the March high. But this is an example of a good stock that has been unfairly oversold. It appears that the decline in revenue from its legacy broadcast/cable TV services is priced into the stock. This leaves investors free to focus on three significant catalysts for the stock.
First, VIAC stock has a P/E ratio of 9.97 which makes it objectively undervalued compared to its sector which has a median P/E or around 19.8. And analysts project the stock could have an upside of around 14%.
Second, the company has entered the streaming wars with two services. Paramount+ is the company’s subscription service. Analysts are estimating the company may have up 70 million customers within three years. And the company also offers PlutoTV which is an ad-supported platform.
Third, as consolidation becomes the new watch word for this sector, ViacomCBS could be setting up as an attractive takeover target.
About
- Current Price
- 0.00
- Consensus Rating
- Buy
- Ratings Breakdown
- 1 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- N/A
