Analyst Sizes Up Paramount's Risk-Reward Post-Skydance Merger: 'We Think Shares Are Worth A Shot At The Current Price
Analyst Sizes Up Paramount's Risk-Reward Post-Skydance Merger: 'We Think Shares Are Worth A Shot At The Current Price
A leading analyst sizes up the impact on the future growth of Paramount Global (NASDAQ:PARA) (NASDAQ:PARAA) after the media company announced a merger with Skydance.
媒體公司宣佈與Skydance合併後，一位領先的分析師評估了對未來全球貨幣（NASDAQ：PARA）（NASDAQ：PARAA）增長的影響。
The Paramount Analyst: Benchmark analyst Daniel Kurnos has a Buy rating on Paramount and a $19 price target.
全球貨幣的分析師：Benchmark的分析師Daniel Kurnos對全球貨幣給予“買入”評級，目標價爲19美元。
The Analyst Takeaways: The merger between Paramount and Skydance ends months of speculation of who would acquire the media company, Kurnos said in a new investor note.
分析師的觀點：Kurnos在新的投資者報告中表示，全球貨幣與Skydance之間的合併結束了數月的誰將收購媒體公司的猜測。
"We finally have an official announcement on the board for Paramount that should, hopefully, bring about a close to this real-life drama," Kurnos said.
“我們終於在全球貨幣董事會上得到了官方公告，這將帶來這個真實生活戲劇的結束，”Kurnos說。
The analyst said that a 45-day go-shop window could see other bidders on Paramount.
分析師表示，45天的購物時間窗口可能會看到其他競標者對全球貨幣提出報價。
"This is probably the best strategic deal Paramount is likely to be offered that comes closest to satisfying all parties, at least in part."
“這可能是全球貨幣最有可能獲得的最好戰略合作伙伴，至少在某種程度上可以滿足所有相關方的要求。”
Kurnos said there is upside ahead for Paramount based on estimates from Skydance that are "achievable" and the analyst's own estimates.
Kurnos表示，根據Skydance的估計和分析師自己的估計，全球貨幣未來將有上漲空間，而這些都是“可以實現的”。
"Understanding that the road will likely be very uneven, we think shares are worth a shot at the current price."
“雖然路可能會非常波動，但我們認爲當前價格值得一試。”
New management is more open to monetizing content on third-party platforms and being part of streaming partnerships and joint ventures, the analyst added.
分析師補充說，新管理層更願意將內容轉化爲第三方平台上的現金，併成爲流媒體合作伙伴和聯合風險投資的一部分。
"It is difficult to tell if management is being conservative, assuming a more focused, paired down strategy, or how much is expected from asset sales."
“很難確定管理層是否有保守的拆分策略，或者是否期望通過資產銷售獲得多少利潤。”
Read Also: Paramount Analysts Size Up Merger: Skydance Aims For Earnings, 'Not A Breakup,' Redstone Says Content Is King
閱讀原文：派拉蒙分析師對合並進行規模化評估：Skydance以收益爲目標，“不是分手”，Redstone表示“內容爲王”
Kurnos noted that the decline in Paramount shares following the merger indicates investor dissatisfaction with the current deal, as well as skepticism about the prospects of a more favorable one emerging. He also pointed out that issuing equity to Skydance dilutes existing shareholders' stakes.
Kurnos指出，合併後全球貨幣股票價格的下降表明投資者對當前交易並不滿意，同時對更有利的交易前景持懷疑態度。他還指出，向Skydance發行股票會稀釋現有股東的股權。
The analyst estimates that a $14 bear case is a "reasonable valuation shorter-term" and places an $8 worst-case scenario price target on the stock. The analyst's bull case and "pie-in-the-sky outcome" is $26 per share for Paramount in the future.
分析師估計，14美元的熊市估值是“在短期內合理的估值”，並對全球貨幣的股票設定了8美元的最壞情況價格目標。分析師的牛市情況和“夢幻結果”是全球貨幣在未來每股26美元。
Kurnos said estimates from the Skydance team could be conservative when it comes to synergies and growth.
Kurnos表示，Skydance團隊的估計在協同效應和增長方面可能過於保守。
"We cannot imagine Skydance setting a high bar out of the gate."
“我們無法想象Skydance一開始就設定了很高的門檻。”
A blended mix of outcomes sees the analyst highlight the risk reward potential of the stock, with 15% risk to the downside and 30% upside to the Skydance forecast.
分析師呈現出風險回報股票的混合組合，下跌風險爲15％，上漲風險爲30％。
"We think the range of outcomes looks something like this, with a bit more weighting towards our upside scenario than the bear-case view given our fundamental work."
“我們認爲，結果的範圍看起來像這樣，我們更加重視我們的上漲情況，而不是考慮熊市情況視野，因爲我們進行了基本的工作。”
PARA Price Action: Paramount shares were up 3.1% to $11.53 on Tuesday, versus a 52-week trading range of $9.54 to $17.50. Paramount stock is down 24% year-to-date in 2024.
全球貨幣價格走勢：週二，全球貨幣股票上漲3.1％，報價11.53美元，而52周交易範圍爲9.54美元至17.50美元。 全球貨幣的股票在2024年迄今爲止下跌了24％。
- Paramount Technical Signals Point To Potential Upside On Heels Of Skydance Deal
- 根據最新的技術指標，隨着Skydance交易的出現，存在潛在的上漲趨勢。
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譯文內容由第三人軟體翻譯。