Wall Street is positive on Paramount Global Class B (PARA). On average, analysts give PARA a Buy rating. The average price target is $37.722, which means analysts expect the stock to increase by 46.32% over the next twelve months.
That average ranking earns PARA an Analyst Rating of 20, which is better than 20% of stocks based on data compiled by InvestorsObserver.
Wall Street analysts are rating PARA a Buy today. Find out what this means to you and get the rest of the rankings on PARA!
Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers.
InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.
What's Happening With Paramount Global Class B Stock Today?
Paramount Global Class B (PARA) stock is trading at $25.78 as of 2:43 PM on Friday, Jun 24, a rise of $1.25, or 5.12% from the previous closing price of $24.52. The stock has traded between $24.61 and $25.88 so far today. Volume today is below average. So far 4,619,837 shares have traded compared to average volume of 10,636,053 shares.
Click Here to get the full Stock Report for Paramount Global Class B stock.
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