Core Viewpoint - Paramount Skydance Corp's stock has surged nearly 11% to $16.80, driven by a positive fourth-quarter revenue forecast and a $1.5 billion programming investment plan for the upcoming year [1]. Group 1: Financial Performance - The third-quarter earnings report is the first since the merger of Paramount Global with Skydance PSKY [2]. - The stock has increased by 61% year-to-date, indicating strong market performance [3]. - The company last raised streaming prices in June 2024, reflecting a strategic adjustment to rising content costs [3]. Group 2: Analyst Sentiment - Four brokerages have raised their price targets for the stock, with Benchmark increasing its target from $16 to $19 [2]. - Of the 24 brokerages covering the stock, 23 maintain "hold" or worse ratings, with a consensus 12-month price target of $13.25, representing a 21.3% discount to the current price [4]. Group 3: Strategic Initiatives - A new contract with Ultimate Fighting Championship (UFC) is set to drive price increases for the Paramount streaming service in the first quarter [2]. - The company is focusing on premium programming as part of its strategy following the merger [3].