Paramount Skydance (NASDAQ:PSKY – Get Free Report) had its target price dropped by equities research analysts at TD Cowen from $15.00 to $13.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a “hold” rating on the stock. TD Cowen’s price objective indicates a potential downside of 3.77% from the company’s previous close.
Several other research analysts have also issued reports on PSKY. Wall Street Zen raised shares of Paramount Skydance to a “hold” rating in a research report on Saturday, November 15th. Zacks Research upgraded Paramount Skydance from a “strong sell” rating to a “hold” rating in a research note on Friday, February 6th. Wells Fargo & Company increased their target price on Paramount Skydance from $16.00 to $18.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 11th. Bank of America boosted their price target on Paramount Skydance from $11.00 to $13.00 and gave the company an “underperform” rating in a research note on Tuesday, November 11th. Finally, Sanford C. Bernstein upped their price target on Paramount Skydance from $11.00 to $12.00 and gave the company an “underperform” rating in a research report on Wednesday, November 12th. One analyst has rated the stock with a Buy rating, six have assigned a Hold rating and eight have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $13.92.
Read Our Latest Analysis on Paramount Skydance
Paramount Skydance Stock Up 20.8%
Paramount Skydance (NASDAQ:PSKY – Get Free Report) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $999.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $999.02. The company had revenue of $8.15 billion during the quarter, compared to analysts’ expectations of $8.17 billion. Paramount Skydance had a negative net margin of 2.15% and a positive return on equity of 3.65%.
Institutional Investors Weigh In On Paramount Skydance
A number of large investors have recently bought and sold shares of the business. Cullen Investment Group LTD. acquired a new stake in Paramount Skydance during the 3rd quarter valued at $462,000. Czech National Bank bought a new stake in shares of Paramount Skydance during the third quarter worth $1,484,000. Wedmont Private Capital bought a new stake in shares of Paramount Skydance during the third quarter worth $261,000. Hedges Asset Management LLC acquired a new stake in shares of Paramount Skydance in the third quarter valued at $248,000. Finally, Contravisory Investment Management Inc. bought a new position in shares of Paramount Skydance in the third quarter valued at about $751,000. 73.00% of the stock is currently owned by institutional investors.
Key Headlines Impacting Paramount Skydance
Here are the key news stories impacting Paramount Skydance this week:
- Positive Sentiment: Paramount and WBD signed a definitive deal — Paramount will acquire Warner Bros. Discovery in an all‑cash $31/share transaction that values WBD at about $110B, creating a major global media company and promising scale across studios, streaming and content. PARAMOUNT TO ACQUIRE WARNER BROS. DISCOVERY TO FORM NEXT‑GENERATION GLOBAL MEDIA AND ENTERTAINMENT COMPANY
- Positive Sentiment: Market reaction: investors cheered Paramount’s victory (shares jumped) and traders piled into calls — unusually large call option volume signals bullish positioning into the deal. Netflix, Paramount shares jump as months‑long fight for Warner Bros ends
- Positive Sentiment: Regulatory outlook looks better than feared in key jurisdictions — sources say the EU is likely to approve with only minor divestments if needed, reducing a major deal overhang. Paramount expected to easily secure EU nod for Warner Bros deal, sources say
- Neutral Sentiment: Netflix withdrew from the match after deeming the price unattractive, ending the bidding war and removing a major source of uncertainty. Netflix backs out of bid for Warner Bros. Discovery
- Neutral Sentiment: Regulatory and political scrutiny is not over — federal approval may be smoother, but state regulators (California) and other reviews could still complicate timing and remedies. California now biggest obstacle to Paramount’s Warner Bros takeover
- Negative Sentiment: Cost cuts and job risk: WBD employees expressed concern about potential layoffs tied to a roughly $6B synergy target, which could trigger operational disruption and PR/headwind risks. WBD employees fear coming wave of job losses as Paramount tops Netflix’s bid to acquire company
- Negative Sentiment: Financing and dilution concerns: the deal includes issuing new Class B shares (about $47B at $16.02/sh per the company release) and some analysts have trimmed targets; plus Paramount recently reported mixed earnings/soft near‑term revenue guidance — all potential near‑term drags. Deal financing details
Paramount Skydance Company Profile
Paramount Skydance Media Group (Nasdaq: PSKY) is a media and entertainment company created through the proposed combination of Paramount Global’s filmed entertainment and streaming operations with Skydance Media, a privately held content studio. The combined business will encompass the development, production and distribution of feature films, television programming and digital content, drawing on a library of legacy Paramount Pictures franchises alongside Skydance’s blockbuster tentpoles and animation slate.
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