Stifel Maintains Buy on Skillz, Lowers Price Target to $10.5-Report released on 12th Nov 2023
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 | 3:37 pm
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NEUTRAL IMPACT
Stifel analyst Drew Crum maintains a Buy rating on Skillz but lowers the price target from $13 to $10.5.
While the maintenance of a Buy rating is positive, the reduction in the price target could signal a tempered expectation for the stock's performance. Investors may view the price target cut as a negative signal, potentially leading to short-term price volatility. However, the continued Buy rating suggests underlying confidence in the company's fundamentals, which may mitigate any negative impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100