What Are Wall Street Analysts' Target Price for Paramount Skydance Stock?

Core Insights - Paramount Skydance Corporation (PSKY) is a newly formed entertainment entity with a market cap of $12.9 billion, resulting from the merger of Paramount Global and Skydance Media, and operates across various segments including streaming, film, television, sports, and gaming [1] Performance Overview - PSKY stock has increased by 48.2% over the past 52 weeks, significantly outperforming the S&P 500 Index, which gained 10.5% during the same period [2] - In the last six months, PSKY's stock rose by 32.1%, while the S&P 500 returned 10.1% [2] - The company also outperformed the Communication Services Select Sector SPDR ETF Fund (XLC), which saw a 13% gain over the past year and an 8.2% return over the last six months [3] Financial Results - For Q3, Paramount Skydance reported total revenue of $4.1 billion and a net loss of $0.01 per share, with streaming revenue increasing approximately 17% year over year [4] - Filmed entertainment revenue grew nearly 30% due to the Skydance integration, while legacy TV/media revenue declined about 12% due to weak advertising and linear viewership [4] - Non-GAAP OIBDA was reported at $655 million, and the company raised its cost-savings target to $3 billion, with over $1.5 billion earmarked for programming investments by 2026 [4] Analyst Expectations - Analysts project a 45.5% year-over-year decline in EPS for the current fiscal year, estimating it to be $0.84 [5] - The consensus rating among 24 analysts is "Hold," with one "Strong Buy," 15 "Holds," one "Moderate Sell," and seven "Strong Sells" [5] Price Target Insights - Citi's Jason Bazinet maintained a "Hold" rating on PSKY with a price target of $20, indicating a potential upside of 27.6% from current trading levels, which are above the mean price target of $14.26 [6]