Paramount Global (PARA) PT Raised to $11 at Loop Capital

Loop Capital analyst Alan Gould raised the price target on Paramount Global (NASDAQ: PARA) to $11.00 (from $10.00) while maintaining a Sell rating.

The analyst commented: "Skydance has received final FCC approval to acquire Paramount Global (PARA), removing the last major hurdle for the transaction, which should now close within the next few weeks. The
implied price for the shares that will continue to trade post-tender is about $12, representing a healthy premium to Warner Bros. Discovery (WBD) and Fox (FOX), the closest comps. The next steps will be integration, likely further layoffs, securing Taylor Sheridan beyond his 2027 contract, and monitoring whether the NFL exercises its change-of-control clause. We raise our price target to $11 (from $10), applying a 6x multiple to our 2026 EBITDA estimate without discounting for timing or remaining deal risk."

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