Paramount Global (PARA) Stock Forecast & Price Target

$11.35 +0.19 (+1.70%)

(As of 11/14/2024 ET)

Paramount Global - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Reduce

Based on 18 Analyst Ratings

Sell
8

Hold
7

Buy
3

Based on 18 Wall Street analysts who have issued ratings for Paramount Global in the last 12 months, the stock has a consensus rating of "Reduce." Out of the 18 analysts, 8 have given a sell rating, 7 have given a hold rating, and 3 have given a buy rating for PARA.

Consensus Price Target

$12.40
9.25% Upside

According to the 18 analysts' twelve-month price targets for Paramount Global, the average price target is $12.40. The highest price target for PARA is $19.00, while the lowest price target for PARA is $9.50. The average price target represents a forecasted upside of 9.25% from the current price of $11.35.

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PARA Analyst Ratings Over Time

Type	Current Forecast 11/16/23 to 11/15/24	1 Month Ago 10/17/23 to 10/16/24	3 Months Ago 8/18/23 to 8/17/24	1 Year Ago 11/16/22 to 11/16/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	3 Buy rating(s)	3 Buy rating(s)	3 Buy rating(s)	6 Buy rating(s)
Hold	7 Hold rating(s)	7 Hold rating(s)	7 Hold rating(s)	4 Hold rating(s)
Sell	8 Sell rating(s)	8 Sell rating(s)	10 Sell rating(s)	9 Sell rating(s)
Consensus Price Target	$12.40	$12.33	$12.47	$15.72
Forecasted Upside	9.25% Upside	17.24% Upside	13.37% Upside	23.21% Upside
Consensus Rating	Reduce	Reduce	Reduce	Reduce

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PARA Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

PARA Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Paramount Global Stock vs. The Competition

Type	Paramount Global	Consumer Discretionary Companies	S&P 500
Consensus Rating Score	1.72	2.56	2.50
Consensus Rating	Reduce	Moderate Buy	Moderate Buy
Predicted Upside	9.25% Upside	1,170.76% Upside	8.87% Upside
News Sentiment Rating	Positive News See Recent PARA News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/11/2024	Macquarie 2 of 5 stars		Reiterated Rating	Underperform ➝ Underperform	$10.00 ➝ $10.00	-12.20%
11/11/2024	Needham & Company LLC 2 of 5 stars		Reiterated Rating	Hold
9/25/2024	Guggenheim 3 of 5 stars		Lower Target	Buy ➝ Buy	$19.00 ➝ $14.00	+33.46%
8/15/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Underweight ➝ Underweight	$12.00 ➝ $11.00	+7.53%
8/9/2024	Benchmark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$19.00 ➝ $19.00	+84.65%
8/9/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Cahall Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Underweight ➝ Equal Weight	$10.00 ➝ $11.00	+7.74%
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7/9/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	In-Line ➝ In-Line	$13.00 ➝ $11.50	+2.68%
7/9/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	P. Supino Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Peer Perform ➝ Underperform	$10.00	-10.55%
6/25/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Ng Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Sell	$9.50	-7.68%
6/4/2024	Rosenblatt Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Neutral ➝ Neutral	$14.00 ➝ $14.00	+9.37%
5/3/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Hold ➝ Sell
5/2/2024	Seaport Res Ptn Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Joyce Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral
3/26/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Market Perform ➝ Market Perform
2/28/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$20.00 ➝ $15.00	+35.14%
2/27/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Underweight ➝ Underweight	$11.00 ➝ $10.00	-10.39%
1/11/2024	Redburn Atlantic Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Neutral ➝ Sell	$17.00 ➝ $11.00	-22.10%
1/9/2024	Moffett Nathanson Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Sell ➝ Neutral	$13.00	-11.50%
12/8/2023	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Hold ➝ Sell	$12.00	-30.19%
11/6/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Underperform	$9.00	-34.59%
10/9/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Underweight ➝ Underweight	$13.00 ➝ $11.00	-6.94%
10/5/2023	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Underperform	$11.00	-5.74%
8/15/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$22.00 ➝ $20.00	+33.96%
7/5/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$15.00 ➝ $14.00	-14.22%
2/17/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral	$20.00 ➝ $23.00	-2.91%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 02:32 AM ET.

PARA Forecast - Frequently Asked Questions

: According to the research reports of 18 Wall Street equities research analysts, the average twelve-month stock price forecast for Paramount Global is $12.40, with a high forecast of $19.00 and a low forecast of $9.50.
: 18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Paramount Global in the last year. There are currently 8 sell ratings, 7 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "reduce" PARA shares.
: According to analysts, Paramount Global's stock has a predicted upside of 9.25% based on their 12-month stock forecasts.
: Paramount Global has been rated by research analysts at Guggenheim, Macquarie, and Needham & Company LLC in the past 90 days.
: Analysts like Paramount Global less than other "consumer discretionary" companies. The consensus rating for Paramount Global is Reduce while the average consensus rating for "consumer discretionary" companies is Moderate Buy. Learn more on how PARA compares to other companies.

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This page (NASDAQ:PARA) was last updated on 11/15/2024 by MarketBeat.com Staff

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Paramount Global (PARA) Stock Forecast & Price Target