Paramount Skydance Stock (NASDAQ:PSKY) Gains With New SVP

Good news arrived for entertainment giant Paramount Skydance PSKY +2.38% ▲ , and it had nothing to do with Warner Bros. Discovery WBD +0.13% ▲ . Paramount announced it was promoting Allie McLarty to senior vice president of global communications, a move that investors were unexpectedly pleased about. Sufficiently pleased, in fact, to send Paramount shares up nearly 2% in the closing minutes of Wednesday’s trading.

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McLarty is nothing new to the Paramount scene, as she previously served as the SVP for corporate and financial communications before the Skydance merger actually took place. Interestingly, this new promotion comes with quite a slate of new duties. McLarty will not only handle communications for Paramount Pictures, Paramount Television Studios, and Paramount Sports Entertainment when it get sup and running, but also, she will handle her earlier duties for government affairs and litigation support, reports note.

Chief communications officer Melissa Zukerman noted, “…Allie embodies the discipline, humanity, and resilience this company needs. I am thrilled she is taking on this new role and will remain a vibrant part of my extended organization.”

What’s Next for Star Trek?

After the tepid reception that Star Trek: Starfleet Academy got, it is easy to wonder just what the future looks like for the long-running fan favorite universe. Star Trek has tried just about everything, going backward in time, forward in time, and even into completely different media, including two animated series. So what is next? Alex Kurtzman recently brought the topic to light.

Perhaps most immediately frustrating to Trek fans will be the merger with Warner Bros. Discovery. Kurtzman likened the process to being like “…drinking from…ten thousand hoses.” Thus, the status is mostly stalled for now. It is worth noting that there are plenty of loose ends left for Star Trek to address, ranging from the status of the Gamma Quadrant post-Star Trek: Deep Space Nine to the status of the Delta Quadrant post-Star Trek: Voyager. A panoply of races that have not seen much screen time of late could also be brought in. Given how successfully bringing back the Gorn went for Star Trek: Strange New Worlds, and bringing back the Pakled went for Star Trek: Lower Decks, the idea of mining recent history could be a winner once more.

Is Paramount Stock a Good Buy Right Now?

Turning to Wall Street, analysts have a Moderate Sell consensus rating on PSKY stock based on five Holds and five Sells assigned in the past three months, as indicated by the graphic below. After a 24.2% loss in its share price over the past year, the average PSKY price target of $11.63 per share implies 25.61% upside potential.

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