VIAC Stock: $50 Target By Morgan Stanley

By Amit Chowdhry ● April 13, 2021
  • The shares of ViacomCBS (Nasdaq: VIAC) have received a price target of $50 by Morgan Stanley. These are the details.

The shares of ViacomCBS (Nasdaq: VIAC) have received a price target of $50 by Morgan Stanley. And Morgan Stanley analyst Benjamin Swinburne is maintaining a “Hold” rating on ViacomCBS.

The shares of ViacomCBS recently had a major pullback after the company announced a secondary offering a few weeks ago and this triggered a major margin call for Archegos Capital Management.

But John Janedis, an analyst at Wolfe Research, offered a bullish take on VIAC with a $70 price target — citing an attractive risk/reward profile. And the underlying advertising trends appear to be solid and the streaming subscriber targets appear reasonable.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.