Guggenheim Increases Paramount Skydance (NASDAQ:PSKY) Price Target to $14.00

Paramount Skydance (NASDAQ:PSKY) had its price target raised by research analysts at Guggenheim from $11.00 to $14.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Guggenheim’s price target points to a potential upside of 16.18% from the stock’s previous close.

Other equities research analysts have also issued research reports about the stock. Benchmark boosted their price target on shares of Paramount Skydance from $16.00 to $19.00 and gave the company a “buy” rating in a report on Tuesday, November 11th. Wall Street Zen upgraded shares of Paramount Skydance to a “hold” rating in a research report on Saturday, November 15th. Sanford C. Bernstein upped their target price on shares of Paramount Skydance from $11.00 to $12.00 and gave the company an “underperform” rating in a research note on Wednesday, November 12th. TD Cowen cut their price target on shares of Paramount Skydance from $15.00 to $13.00 and set a “hold” rating for the company in a research note on Thursday, February 26th. Finally, Wolfe Research reaffirmed an “underperform” rating and set a $13.00 price objective on shares of Paramount Skydance in a report on Monday, December 15th. One research 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. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $13.77.

Paramount Skydance Trading Down 3.2%

Shares of PSKY opened at $12.05 on Tuesday. The stock’s 50-day moving average price is $11.73 and its 200 day moving average price is $14.52. The company has a quick ratio of 1.12, a current ratio of 1.26 and a debt-to-equity ratio of 1.03. The firm has a market capitalization of $12.91 billion, a price-to-earnings ratio of 19.13 and a beta of 1.15. Paramount Skydance has a 12-month low of $9.95 and a 12-month high of $20.86.

Paramount Skydance (NASDAQ:PSKY) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $999.00 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $999.02. The company had revenue of $8.15 billion during the quarter, compared to the consensus estimate of $8.17 billion. Paramount Skydance had a positive return on equity of 3.82% and a negative net margin of 2.15%.

Institutional Trading of Paramount Skydance

Several hedge funds have recently modified their holdings of PSKY. Virtu Financial LLC bought a new position in shares of Paramount Skydance in the fourth quarter valued at approximately $191,000. Invesco Ltd. increased its holdings in Paramount Skydance by 1.0% during the 4th quarter. Invesco Ltd. now owns 15,406,791 shares of the company’s stock valued at $206,451,000 after purchasing an additional 155,679 shares in the last quarter. Corient Private Wealth LLC raised its position in Paramount Skydance by 290.6% in the 4th quarter. Corient Private Wealth LLC now owns 59,588 shares of the company’s stock valued at $798,000 after purchasing an additional 44,333 shares during the last quarter. Mackenzie Financial Corp boosted its stake in Paramount Skydance by 390.5% in the fourth quarter. Mackenzie Financial Corp now owns 81,142 shares of the company’s stock worth $1,094,000 after purchasing an additional 64,598 shares in the last quarter. Finally, Empowered Funds LLC boosted its stake in Paramount Skydance by 272.3% in the fourth quarter. Empowered Funds LLC now owns 142,069 shares of the company’s stock worth $1,904,000 after purchasing an additional 103,906 shares in the last quarter. Institutional investors and hedge funds own 73.00% of the company’s stock.

Trending Headlines about Paramount Skydance

Here are the key news stories impacting Paramount Skydance this week:

• Positive Sentiment: FCC Chair Brendan Carr said the proposed Warner Bros. Discovery acquisition is “cleaner” than Netflix’s attempt and would be approved “quickly,” which reduces a major regulatory overhang for PSKY. FCC chief tells CNBC WBD-Paramount merger deal is ‘cleaner’ than Netflix’s, will be approved ‘quickly’
• Positive Sentiment: Reports (FT/Reuters) indicate the deal is poised to win FCC backing, lowering near-term regulatory risk that could have delayed or derailed the transaction. Paramount’s $110 billion Warner Bros deal poised to win FCC backing, FT reports
• Neutral Sentiment: Guggenheim raised its price target on PSKY from $11 to $14 and kept a “neutral” rating — a modest positive for sentiment but not a buy/upgrade signal. Paramount Skydance (NASDAQ:PSKY) Given New $14.00 Price Target at Guggenheim
• Neutral Sentiment: Analysis pieces are re-assessing PSKY valuation after a short-term share rebound; these note upside is limited absent clearer financing/credit resolution. Useful for investors but not an immediate catalyst. Assessing Paramount Skydance (PSKY) Valuation After A Recent Short-Term Share Price Rebound
• Negative Sentiment: Fitch downgraded Paramount’s credit to junk after the Warner Bros. deal announcement, materially increasing financing costs and signaling higher balance-sheet risk — a primary downward driver for the stock. Paramount credit ratings downgraded by Fitch after Warner Bros deal
• Negative Sentiment: S&P put Paramount on a negative credit watch, adding further uncertainty about future rating actions and potential covenant/borrowing implications. S&P Puts Paramount on Negative Credit Watch
• Negative Sentiment: Market commentary highlighting Netflix’s strong stock reaction for walking away from the Warner Bros. deal suggests investors currently penalize deals that materially increase leverage — an unfavorable backdrop for PSKY while the transaction raises debt concerns. The Art of the Walk-Away: Netflix Wins by Losing the WBD Deal (PSKY)

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.