12/8/2023 0 Comments Telling lies games downloadThe stock trades at 35.1 times trailing price-to-earnings, making it one of the priciest stocks in the FAANG cohort. Though Netflix's fortress of content will help it sail ahead of peers, I'm in no rush to buy Netflix stock (I'm neutral) anytime soon despite its plunge from 52-week highs. In any case, Netflix still stands out as one of the hardest subscriptions to cancel, at least in my view. Just how long this can last remains to be seen. Clearly, Netflix has been doing a stellar job of delivering on the front of quality and quantity. Despite the challenges in streaming, Netflix more than doubled (101%) over the past year, thanks to the broader tech relief rally and hot shows like Beef and The Night Agent. Netflix is a streaming heavyweight that suffered a major fall from grace last year. Still, the average PARA stock price target of $19.67 implies 31.05% upside potential. Paramount stock has five Buys, three Holds, and a whopping 10 Sell ratings from analysts in the past three months. Paramount finds itself in a rare category, a stock that boasts a "Moderate Sell" consensus rating. Despite this, analysts are in no rush to upgrade the name. That said, it remains to be seen how Paramount can keep subscribers coming back as it looks to take drastic action to bring down expenses.Īfter a record daily drop, PARA stock trades at a staggering 0.5 times price-to-book ratio, making it one of the cheapest plays in streaming. Paramount still has impressive shows, including Yellowstone (and its spin-offs). The company needs to strive to be more efficient without making it considerably less competitive. Looking ahead, Paramount faces a tough uphill battle. "It's not good news when any company cuts its dividend dramatically," said Buffett. After a massive (nearly 80%) dividend cut and a colossal quarterly fumble, it seems like Paramount is looking to shift gears to drag the ailing firm out of the funk. Media firms have not shied away from cuts amid the latest streaming slump.
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