What price will para stock jump up too
7/8/2024 08:09pm
The price target for Paramount Global Class B (PARA) stock is currently set at $11.68, based on 16 Wall Street analysts' 12-month price targets issued in the past 3 months. However, it's important to note that price targets can vary widely, and the stock may not necessarily reach or exceed these targets.
|Ticker|Name|Percentage Change|Date|code|market_code|
|---|---|---|---|---|---|
|PARA.O|Paramount Global|3.0541|20240705|PARA|185|
1. **Recent Stock Performance**: Paramount Global's stock price has shown some recent movement, with a 3.05% increase on July 5, 2024. This could be indicative of market interest or reactions to specific news or events related to the company.
2. **Analyst Ratings**: The average analyst rating for PARA stock is "Sell," with a target price of $13.09, which is an increase from the current stock price of $11.04. This suggests that analysts believe the stock has potential for growth but also carries a risk of lower returns compared to the market average.
|Ticker|Name|Percentage Change|Date|code|market_code|
|---|---|---|---|---|---|
|PARA.O|Paramount Global|3.0541|20240705|PARA|185|
3. **Technical Indicators**: Technical indicators such as the 50-day and 200-day simple moving averages can provide insights into potential price levels. The current sentiment is Neutral, with a Fear & Greed Index showing 39 (Fear), suggesting a balanced market sentiment.
4. **Long-term Predictions**: Looking ahead, long-term price predictions for Paramount Global stock indicate a decline in stock value over the next few years. For example, the stock forecast for 2025 is $11.49, which would represent a significant decrease from the current price.
In conclusion, while there is potential for PARA stock to increase in price based on analyst targets, the stock's future movement is subject to market conditions and the company's performance. Investors should consider both the upside potential and the risks associated with the "Sell" rating from analysts.