Latest news with #Karnovsky
Yahoo
23-05-2025
- Business
- Yahoo
JPMorgan Cuts Paramount Global (PARA) Price Target, Maintains Underweight Rating
JPMorgan analyst David Karnovsky cut Paramount Global's (NASDAQ:PARA) price target from $11 to $10 on May 21 and maintained an Underweight rating. The downgrade follows concerns about continued advertising revenue declines and expected streaming losses through 2026. Karnovsky reduced his fiscal 2025 consolidated OIBDA forecast to $2.81 billion, down 9.9% from his previous estimate. The analyst cited deteriorating TV Media performance, with second-quarter advertising revenue now projected at $1.62 billion, a 6.5% decline versus his prior 5.0% drop estimate. He expects the advertising downturn to worsen in the third and fourth quarters. The Lobby Entertainment Network digital displays showing dynamic and visually engaging advertisements. The streaming division continues burning cash despite subscriber growth. While Paramount+ added 1.5 million subscribers in Q1 to reach 79 million globally, Karnovsky expects Direct-to-Consumer (DTC) losses to persist through 2026. He reduced his fiscal 2025 DTC advertising estimate to $2.06 billion after first-quarter misses, though he raised subscription revenue projections to $6.46 billion. Paramount's challenges stem from ongoing PayTV declines and macro uncertainty affecting the broader media landscape. The company's Q1 2025 revenue dropped by 6% year-over-year to $7.19 billion. Excluding Super Bowl comparisons, revenue actually grew 2%. DTC adjusted OIBDA improved $177 million year-over-year, showing progress toward profitability. Paramount Global (NASDAQ:PARA) is an American multinational mass media and entertainment conglomerate. It owns Paramount Pictures, CBS Entertainment Group, Paramount Media Networks, and Paramount Streaming, and operates over 170 networks that reach viewers in 180 countries. While we acknowledge the potential of Paramount Global (NASDAQ:PARA) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than PARA and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None.
Business Insider
12-05-2025
- Business
- Business Insider
Analysts Offer Insights on Communication Services Companies: AMC Networks (AMCX), Ziff Davis (ZD) and TKO Group Holdings (TKO)
Companies in the Communication Services sector have received a lot of coverage today as analysts weigh in on AMC Networks (AMCX – Research Report), Ziff Davis (ZD – Research Report) and TKO Group Holdings (TKO – Research Report). Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. J.P. Morgan analyst David Karnovsky maintained a Sell rating on AMC Networks on May 9 and set a price target of $6.00. The company's shares closed last Friday at $6.33. According to Karnovsky is a 5-star analyst with an average return of 11.6% and a 65.0% success rate. Karnovsky covers the NA sector, focusing on stocks such as Liberty Media Liberty Formula One, Lions Gate Entertainment Class A, and Interpublic Group of Companies. The word on The Street in general, suggests a Strong Sell analyst consensus rating for AMC Networks with a $6.40 average price target, implying a 5.8% upside from current levels. In a report issued on May 9, Wells Fargo also maintained a Sell rating on the stock with a $4.00 price target. Ziff Davis (ZD) In a report issued on May 9, Ygal Arounian from Citi maintained a Hold rating on Ziff Davis, with a price target of $35.00. The company's shares closed last Friday at $30.91. According to Arounian is a 4-star analyst with an average return of 7.9% and a 47.6% success rate. Arounian covers the Technology sector, focusing on stocks such as Trade Desk, Verisign, and GoDaddy. Ziff Davis has an analyst consensus of Moderate Buy, with a price target consensus of $47.00. TKO Group Holdings (TKO) In a report issued on May 9, Benjamin Swinburne from Morgan Stanley maintained a Hold rating on TKO Group Holdings, with a price target of $160.00. The company's shares closed last Friday at $159.66. According to Swinburne is a 5-star analyst with an average return of 13.3% and a 59.0% success rate. Swinburne covers the NA sector, focusing on stocks such as Liberty Media Liberty Formula One, Madison Square Garden Sports, and Paramount Global Class B. Currently, the analyst consensus on TKO Group Holdings is a Strong Buy with an average price target of $184.55.
