- 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.
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