Over the past month, Para stock price has outperformed several peer companies in the entertainment sector, recording a 3% increase versus an average 1.5% among competitors. This relative strength supports a bullish near-term outlook. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 9.89% lower. Currently, Paramount Global-B is carrying a Zacks Rank of #5 (Strong Sell). Zacks Investment Research has been committed to providing investors with tools and independent research since 1978. For more than a quarter century, the Zacks Rank stock-rating system has more than doubled the S&P 500 with an average gain of +24.08% per year. (These returns cover a period from January 1, 1988 through May 6, 2024.) Para stock price has matched key Fibonacci retracement levels after its February lows, aligning with bullish technical forecasts into late spring.
