Paramount Skydance Shares Jump 6.9% After Price Target Raised to $14
Paramount Skydance shares rose 6.9% to $10.95 after Morgan Stanley upgraded its rating to Overweight and lifted the price target to $14 from $11. The firm cited the Warner Bros Discovery buyout, AI-driven cost savings and a focus on streaming and studio assets.
1. Morgan Stanley Double Upgrade
Morgan Stanley raised Paramount Skydance’s rating from Underweight to Overweight and increased its price target from $11 to $14, highlighting the Warner Bros Discovery buyout as transformative and AI-enabled cost savings to enhance profitability.
2. Stock Movement and Price Targets
Shares climbed 6.9% to $10.95, breaking a six-day losing streak, with overhead resistance at $12 and a 12-month consensus target of $13.08, implying an 18.7% upside from current levels.
3. Industry Analyst Sentiment
Of 20 firms covering the stock, 19 maintain a Hold or worse rating, suggesting broad skepticism that could leave room for additional upgrades if catalysts materialize.
4. Short Interest Trends
Short interest rose 15.9% to 8.6% of float, equating to nearly seven days of trading volume and indicating elevated bearish positioning against the stock.