Stifel Maintains Buy on Skillz, Lowers Price Target to $10.5
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Drew Crum has maintained a Buy rating on Skillz (NYSE:SKLZ) but has reduced the price target from $13 to $10.5.
November 13, 2023 | 3:29 pm
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Stifel analyst Drew Crum maintains a Buy rating on Skillz but lowers the price target from $13 to $10.5, indicating a positive outlook but with tempered expectations.
While the Buy rating suggests that Stifel remains optimistic about Skillz's future performance, the reduction in the price target may reflect a more conservative view on the company's growth prospects or market conditions. This could lead to a neutral short-term impact on the stock as the market digests the mixed signals of continued endorsement against a lower valuation benchmark.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100