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Value Investor
Wealth Building Opportunites for the Active Value Investor

February 23, 2021

With the shares continuing to surge past our recently raised 65 price target, and now being priced at a premium to even our upgraded valuation metrics

We are moving ViacomCBS (VIAC) to a SELL

With the shares continuing to surge past our recently raised 65 price target, and now being priced at a premium to even our upgraded valuation metrics, we are moving the shares to a SELL.

ViacomCBS’ fundamentals look healthy, so our call is driven by the valuation. The shares are increasingly becoming a “growth story” and have moved beyond the “undervalued story” that is the focus of our strategy. The company reports earnings on Wednesday, February 24.

VIAC shares have produced a total return of approximately 142% from our initial recommendation in the Cabot Undervalued Stocks Advisor on August 26, 2020 at 27.57.