Paramount Ad Slump, Streaming Losses Prompt Analyst To Cut Price Forecast
1. JPMorgan's analyst maintains Underweight on PARA, lowering target from $11 to $10. 2. PayTV declines are major headwinds affecting Paramount's financial outlook. 3. First-quarter OIBDA exceeded expectations, yet 2025 estimates were reduced significantly. 4. Cost-cutting and DTC profitability focus are positive, but peer valuation concerns persist. 5. Disney outperforms with improved guidance, highlighting competitive challenges for PARA.