Investment Highlights:
- Paramount Global (PARA, Financial) nears a $120 million settlement with major banks over Archegos Capital Management's stock scandal.
- Analysts predict an average price target of $11.56, indicating a potential downside risk of 10.75% from current levels.
- GF Value estimates suggest a mild downside from the current price, supporting a "Hold" status from analysts.
Legal Settlement in Focus
Paramount Global (formerly ViacomCBS), trading under the ticker PARA, is approaching court approval for a significant $120 million settlement. This settlement involves financial giants Goldman Sachs, Morgan Stanley, and Wells Fargo. These institutions faced allegations of failing to disclose conflicts of interest tied to Archegos Capital Management's substantial stock stakes and a major Viacom share transaction. This legal resolution marks a significant chapter for investors tracking Paramount Global's legal and financial maneuvers.
Analyst Price Predictions
In the realm of analyst projections, the average one-year price target for Paramount Global (PARA, Financial) stands at $11.56. This estimate is derived from a cohort of 19 analysts, with projections spanning from a high of $16.00 to a low of $8.50. Currently, this average target suggests a potential downside of 10.75% from the prevailing share price of $12.95. For a deeper dive into these projections, visit the Paramount Global (PARA) Forecast page.
Brokerage Recommendations
Among 26 brokerage firms, the consensus for Paramount Global (PARA, Financial) is a cautious "Hold," reflected in an average brokerage recommendation of 3.4 on a scale where 1 signals a Strong Buy and 5 indicates a Sell. This balanced view underscores the complexity of the factors influencing Paramount Global's market position.
Understanding Paramount's GF Value
According to GuruFocus estimates, the anticipated GF Value of Paramount Global (PARA, Financial) over the next year is pegged at $12.51, implying a modest downside of 3.4% from the current trading price of $12.95. The GF Value represents GuruFocus' calculated fair value for a stock based on historical trading multiples, past business growth, and future performance predictions. Investors can explore more detailed insights by visiting the Paramount Global (PARA) Summary page.
