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Paramount Global (PARA) Stock Forecast & Price Target

$11.65
-0.09 (-0.77%)
(As of 07/24/2024 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

Based on 21 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 21 analysts, 11 have given a sell rating, 6 have given a hold rating, and 4 have given a buy rating for PARA.

Consensus Price Target

$12.83
10.16% Upside
High Forecast$20.00
Average Forecast$12.83
Low Forecast$9.00

According to the 21 analysts' twelve-month price targets for Paramount Global, the average price target is $12.83. The highest price target for PARA is $20.00, while the lowest price target for PARA is $9.00. The average price target represents a forecasted upside of 10.16% from the current price of $11.65.

TypeCurrent Forecast
7/25/23 to 7/24/24
1 Month Ago
6/25/23 to 6/24/24
3 Months Ago
4/26/23 to 4/25/24
1 Year Ago
7/25/22 to 7/25/23
Consensus Rating
Reduce
Reduce
Reduce
Reduce
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
4 Buy rating(s)
4 Buy rating(s)
6 Buy rating(s)
5 Buy rating(s)
Hold
6 Hold rating(s)
7 Hold rating(s)
6 Hold rating(s)
4 Hold rating(s)
Sell
11 Sell rating(s)
10 Sell rating(s)
8 Sell rating(s)
7 Sell rating(s)
Consensus Price Target$12.83$13.37$13.79$19.95
Forecasted Upside10.16% Upside1.10% Upside3.55% Upside7.41% Upside
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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.
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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.
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Paramount Global Stock vs. The Competition

TypeParamount GlobalConsumer Discretionary CompaniesS&P 500
Consensus Rating Score
1.67
2.55
2.51
Consensus RatingReduceModerate BuyModerate Buy
Predicted Upside10.16% Upside125.82% Upside10.61% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/9/2024Evercore ISI
2 of 5 stars
 Lower TargetIn-Line ➝ In-Line$13.00 ➝ $11.50+2.68%
7/9/2024Benchmark
2 of 5 stars
 Reiterated RatingBuy ➝ Buy$19.00 ➝ $19.00+69.95%
7/9/2024Wolfe Research
3 of 5 stars
P. Supino
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DowngradePeer Perform ➝ Underperform$10.00-10.55%
6/25/2024The Goldman Sachs Group
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M. Ng
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Initiated CoverageSell$9.50-7.68%
6/12/2024Wells Fargo & Company
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S. Cahall
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DowngradeEqual Weight ➝ Underweight$14.00 ➝ $9.00-18.48%
6/4/2024Rosenblatt Securities
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 Reiterated RatingNeutral ➝ Neutral$14.00 ➝ $14.00+9.37%
5/3/2024Argus
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 DowngradeHold ➝ Sell
5/2/2024Seaport Res Ptn
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D. Joyce
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DowngradeBuy ➝ Neutral
4/30/2024Needham & Company LLC
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 DowngradeBuy ➝ Hold
4/4/2024JPMorgan Chase & Co.
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 Lower TargetUnderweight ➝ Underweight$13.00 ➝ $12.00-11.24%
3/26/2024Raymond James
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 Reiterated RatingMarket Perform ➝ Market Perform
2/28/2024Deutsche Bank Aktiengesellschaft
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 Lower TargetBuy ➝ Buy$20.00 ➝ $15.00+35.14%
2/27/2024Morgan Stanley
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 Lower TargetUnderweight ➝ Underweight$11.00 ➝ $10.00-10.39%
1/11/2024Redburn Atlantic
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 DowngradeNeutral ➝ Sell$17.00 ➝ $11.00-22.10%
1/9/2024Moffett Nathanson
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 UpgradeSell ➝ Neutral$13.00-11.50%
12/8/2023Loop Capital
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 DowngradeHold ➝ Sell$12.00-30.19%
11/6/2023Bank of America
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 DowngradeBuy ➝ Underperform$9.00-34.59%
10/9/2023Barclays
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 Lower TargetUnderweight ➝ Underweight$13.00 ➝ $11.00-6.94%
10/5/2023Sanford C. Bernstein
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 Initiated CoverageUnderperform$11.00-5.74%
10/2/2023Guggenheim
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 Lower TargetBuy ➝ Buy$21.00 ➝ $19.00+51.27%
8/15/2023Citigroup
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 Lower TargetBuy ➝ Buy$22.00 ➝ $20.00+33.96%
7/5/2023UBS Group
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 Lower Target$15.00 ➝ $14.00-14.22%
2/17/2023Credit Suisse Group
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 Boost TargetNeutral$20.00 ➝ $23.00-2.91%
1/31/2023Macquarie
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 DowngradeNeutral ➝ Underperform$15.00-33.66%
11/3/2022Royal Bank of Canada
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 Lower TargetOutperform$34.00 ➝ $28.00+73.70%
8/15/2022Cowen
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 Lower Target$28.00+5.42%
7/29/2022Barrington Research
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J. Goss
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DowngradeOutperform ➝ Market Perform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 11:33 PM ET.

PARA Forecast - Frequently Asked Questions

What is Paramount Global's forecast for 2024?

According to the research reports of 21 Wall Street equities research analysts, the average twelve-month stock price forecast for Paramount Global is $12.83, with a high forecast of $20.00 and a low forecast of $9.00.

Should I buy or sell Paramount Global stock right now?

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Paramount Global in the last year. There are currently 11 sell ratings, 6 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "reduce" PARA shares.

Does Paramount Global's stock price have much upside?

According to analysts, Paramount Global's stock has a predicted upside of 2.20% based on their 12-month stock forecasts.

Has Paramount Global been downgraded by Wall Street analysts recently?

Over the previous 90 days, Paramount Global's stock had 5 downgrades by analysts.

What analysts cover Paramount Global?

Paramount Global has been rated by research analysts at Argus, Benchmark, Evercore ISI, Needham & Company LLC, Rosenblatt Securities, Seaport Res Ptn, The Goldman Sachs Group, Wells Fargo & Company, and Wolfe Research in the past 90 days.

Do Wall Street analysts like Paramount Global more than its competitors?

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.


This page (NASDAQ:PARA) was last updated on 7/24/2024 by MarketBeat.com Staff

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