Where Will Paramount Global Stock Be in 1 Year?
ViacomCBS rebranded itself as Paramount Global (NASDAQ: PARA) last February. Paramount's stock has declined 27% since then, mainly due to concerns about the macro headwinds for its advertising business and its streaming losses. In 2022, Paramount generated 72% of its revenue from its TV Media segment, which houses CBS, The CW, Showtime, Comedy Central, Nickelodeon, BET, and other networks.