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Paramount stock price forecast cross-market sentiment measures tied to
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Cross-market sentiment measures tied to Nasdaq Media indices have historically anticipated swings in the Paramount stock price forecast, with correlation coefficients averaging 0.72 over the past two years. On the plus side, an analyst at investment bank Benchmark thinks Paramount stock will soar 67% from here, and hit $19 a share within a year. However, Paramount+ lost 1.3 million subscribers during that time, bringing the total down to 77.7 million. Paramount Skydance attributed the decline to the expiration of an international hard bundle deal. A rising cost of living and competitors like Netflix (NFLX) and Disney (DIS) may also be to blame. If Paramount+ subscribers continue to decline or direct-to-consumer revenue growth decelerates, PSKY stock may underperform the stock market for several years. A key trigger in the latest Paramount stock price forecast is the monetization of streaming platforms via targeted advertising, a segment projected to grow 12% CAGR over the next three years according to industry reports.