Benchmark Cuts Paramount Skydance (NASDAQ:PSKY) Price Target to $16.00

Paramount Skydance (NASDAQ:PSKY) had its price objective dropped by equities research analysts at Benchmark from $19.00 to $16.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Benchmark’s price objective points to a potential upside of 83.42% from the company’s current price.

Other equities research analysts have also recently issued research reports about the company. Wells Fargo & Company cut their target price on Paramount Skydance from $8.00 to $7.00 and set an “underweight” rating for the company in a research note on Tuesday, May 5th. Morgan Stanley raised Paramount Skydance from an “underweight” rating to an “overweight” rating and upped their price target for the company from $11.00 to $14.00 in a research note on Thursday, April 30th. Arete Research reiterated a “sell” rating and set a $2.00 price target on shares of Paramount Skydance in a report on Thursday, July 9th. Weiss Ratings reissued a “sell (d-)” rating on shares of Paramount Skydance in a research report on Wednesday, June 24th. Finally, TD Cowen restated a “hold” rating on shares of Paramount Skydance in a report on Wednesday. Two equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and nine have issued a Sell rating to the stock. According to data from MarketBeat.com, Paramount Skydance has an average rating of “Reduce” and an average price target of $12.21.

Paramount Skydance Trading Up 4.1%

Shares of Paramount Skydance stock traded up $0.34 during mid-day trading on Wednesday, hitting $8.72. The stock had a trading volume of 10,957,323 shares, compared to its average volume of 10,845,487. The firm has a 50-day moving average of $9.60 and a two-hundred day moving average of $10.30. The firm has a market cap of $9.76 billion, a P/E ratio of 15.31, a price-to-earnings-growth ratio of 0.54 and a beta of 1.45. The company has a quick ratio of 1.00, a current ratio of 1.10 and a debt-to-equity ratio of 1.16. Paramount Skydance has a 12-month low of $7.62 and a 12-month high of $20.86.

Paramount Skydance (NASDAQ:PSKY) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.15 by $0.03. Paramount Skydance had a negative net margin of 2.08% and a positive return on equity of 4.58%. The firm had revenue of $6.91 billion for the quarter. Sell-side analysts forecast that Paramount Skydance will post 0.62 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Paramount Skydance by 0.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 140,776 shares of the company’s stock valued at $1,886,000 after buying an additional 900 shares during the period. CWM LLC boosted its holdings in Paramount Skydance by 20.3% during the 4th quarter. CWM LLC now owns 5,759 shares of the company’s stock valued at $77,000 after acquiring an additional 970 shares during the period. Pittenger & Anderson Inc. boosted its holdings in Paramount Skydance by 18.0% during the 1st quarter. Pittenger & Anderson Inc. now owns 6,560 shares of the company’s stock valued at $59,000 after acquiring an additional 1,000 shares during the period. LSV Asset Management grew its position in Paramount Skydance by 0.6% in the 4th quarter. LSV Asset Management now owns 188,868 shares of the company’s stock valued at $2,531,000 after acquiring an additional 1,116 shares in the last quarter. Finally, Huntington National Bank grew its position in Paramount Skydance by 108.2% in the 4th quarter. Huntington National Bank now owns 2,259 shares of the company’s stock valued at $30,000 after acquiring an additional 1,174 shares in the last quarter. 73.00% of the stock is currently owned by hedge funds and other institutional investors.

Paramount Skydance News Roundup

Here are the key news stories impacting Paramount Skydance this week:

• Positive Sentiment: Q2 earnings and revenue exceeded expectations. Paramount Skydance reported adjusted earnings of $0.18 per share versus the $0.15 consensus estimate, while revenue reached $6.91 billion. PSKY Beats Q2 Earnings and Revenue Estimates
• Positive Sentiment: Streaming momentum is improving. Paramount+ subscribers grew to nearly 82 million, with the company reporting its best-ever quarterly retention. Direct-to-consumer growth and a recovery in Studios helped offset continued weakness in traditional television. Q2 Earnings Call Highlights
• Positive Sentiment: Management raised its full-year profit outlook. Paramount Skydance increased its 2026 adjusted EBITDA guidance and issued third-quarter revenue guidance of $7.0 billion to $7.2 billion, roughly in line with or above analyst expectations. Cost discipline was also cited as a contributor to the improved outlook. Paramount Skydance Raises Full-Year Profit Guidance
• Neutral Sentiment: Management remains confident in the Warner Bros. Discovery deal. CEO David Ellison said Paramount is “absolutely open” to a settlement but believes it will prevail at trial, potentially preserving the strategic and financial benefits of the proposed acquisition. David Ellison Discusses Settlement and Trial
• Negative Sentiment: The merger faces a lengthy antitrust challenge. A federal trial is scheduled for March 2027 after a coalition of states sued to block the transaction. The delay increases execution risk and could expose Paramount’s financial backers to more than $1 billion in potential payments to Warner Bros. Discovery shareholders. Antitrust Trial Over Paramount-Warner Merger
• Negative Sentiment: Linear television remains a structural weakness. Declining TV Media sales and difficult theatrical comparisons continue to weigh on Paramount’s results, leaving investors dependent on streaming growth, studio improvement and cost controls to offset the traditional-media deterioration. Paramount Skydance Reports Mixed Second-Quarter Results

About Paramount Skydance

Paramount Skydance Media Group (Nasdaq: PSKY) is a media and entertainment company created through the proposed combination of Paramount Global’s filmed entertainment and streaming operations with Skydance Media, a privately held content studio. The combined business will encompass the development, production and distribution of feature films, television programming and digital content, drawing on a library of legacy Paramount Pictures franchises alongside Skydance’s blockbuster tentpoles and animation slate.