Paramount Global (PARA) Stock Forecast & Price Target

$11.19

-0.27 (-2.36%)

(As of 07/26/2024 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 21 Analyst Ratings

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
14.69% 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 14.69% from the current price of $11.19.

Type	Current Forecast 7/28/23 to 7/27/24	1 Month Ago 6/28/23 to 6/27/24	3 Months Ago 4/29/23 to 4/28/24	1 Year Ago 7/28/22 to 7/28/23
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	$13.29	$13.79	$19.95
Forecasted Upside	14.69% Upside	1.12% Upside	3.55% Upside	7.41% 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.

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	1.67	2.55	2.50
Consensus Rating	Reduce	Moderate Buy	Moderate Buy
Predicted Upside	14.69% Upside	122.85% Upside	9.16% Upside
News Sentiment Rating	Neutral 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
7/9/2024	Evercore ISI 2 of 5 stars		Lower Target	In-Line ➝ In-Line	$13.00 ➝ $11.50	+2.68%
7/9/2024	Benchmark 2 of 5 stars		Reiterated Rating	Buy ➝ Buy	$19.00 ➝ $19.00	+69.95%
7/9/2024	Wolfe Research 3 of 5 stars	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%
6/12/2024	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	Downgrade	Equal Weight ➝ Underweight	$14.00 ➝ $9.00	-18.48%
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%
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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
4/30/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold
4/4/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Underweight ➝ Underweight	$13.00 ➝ $12.00	-11.24%
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%
10/2/2023	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$21.00 ➝ $19.00	+51.27%
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%
1/31/2023	Macquarie Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Neutral ➝ Underperform	$15.00	-33.66%
11/3/2022	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	$34.00 ➝ $28.00	+73.70%
8/15/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$28.00	+5.42%
7/29/2022	Barrington Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Goss Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Market Perform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 06:46 AM 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.