In a report released today, Michael Pachter from Wedbush reiterated a Buy rating on Skillz (SKLZ – Research Report), with a price target of $15.00. The company’s shares closed yesterday at $6.40.
Pachter covers the Communication Services sector, focusing on stocks such as fuboTV, Skillz, and Getty Images Holdings. According to TipRanks, Pachter has an average return of -1.2% and a 47.39% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Skillz with a $11.00 average price target.
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Based on Skillz’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $36.43 million and a GAAP net loss of $33.55 million. In comparison, last year the company earned a revenue of $59.22 million and had a GAAP net loss of $83.23 million
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Skillz (SKLZ) Company Description:
Founded in 2012, Skillz operates as a marketplace that connects mobile game players worldwide and provides a competitive gaming experience. The company leverages its platform to host casual eSports tournaments.
Read More on SKLZ:
- Options Volatility and Implied Earnings Moves Today, March 14, 2024
- Skillz price target raised to $7 from $6 at Jefferies
- Options Volatility and Implied Earnings Moves This Week, March 11 – March 15, 2024
- SKLZ Earnings this Week: How Will it Perform?
- Jury awards Skillz $42.9M in patent infringement case, GI.biz reports
