BoA announces initial coverage on Paramount Skydance with an Underperform rating, setting a price target of $11. This is another old guard media company trying to figure out how to survive the streaming era, and the market isn't buying the happy talk. The high debt load is turning into a high-risk gamble, especially in the face of cord-cutting acceleration.
Paramount Skydance
PSKY
NASDAQ
IPO1937
about PSKY
Paramount Skydance is a multinational mass media and entertainment company that creates and distributes a wide range of content, including films, television shows, and streaming services, through a portfolio of well-known brands like Paramount Pictures, CBS, MTV, and Nickelodeon.
| type | open | high | low |
market cap |
volume |
|---|---|---|---|---|---|
| stock | $16.56 | $16.56 | $16.19 | $18.16B | 1.30M |
