Where Will Paramount Global Stock Be in 1 Year?
ViacomCBS rebranded itself as Paramount Global (NASDAQ: PARA) last February. That relaunch ended a messy history between Viacom and CBS, which included a merger in 2000, a split in 2005, and a remerger in 2019.
Paramount's stock has declined 27% since then, mainly due to concerns about the macro headwinds for its advertising business and its streaming losses. But could this out-of-favor media stock bounce back over the next 12 months?
Source Fool.com