Paramount posts surprise profit as streaming gains offset weak ad market

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Go back to Paramount posts surprise profit as streaming gains offset weak ad market

Paramount Global (PARA) PT Lowered to $9 at Rosenblatt, Remains Sell Rated, 'The current ARPU strength in DTC will fade'

February 29, 2024 6:39 AM EST

Rosenblatt analyst Barton Crockett lowered the price target on Paramount Global (NASDAQ: PARA) to $9.00 (from $12.00) while maintaining a Sell rating.

The analyst comments "Paramount's 4Q23 earnings report featured mixed variances with evidence of cost controls. The highlight, however, was articulation of... More