
Skillz (SKLZ) Stock Forecast & Price Target
Skillz (SKLZ) Analyst Ratings
Bulls say
Skillz Inc has demonstrated an increase in the average revenue per paying user, rising from $68.20 to $72.30, indicating improved monetization effectiveness. Management's confidence in engaging users leading to longer tenures suggests a positive forecast for revenue growth in the upcoming quarters. Additionally, the company's ongoing turnaround efforts have resulted in reduced costs, enhanced user acquisition ROI, and an improved payback period, setting the stage for potential EBITDA breakeven and profitability.
Bears say
Skillz Inc. has experienced a sequential revenue decline from $36.4 million to $29.1 million, falling short of both internal estimates and market consensus, indicating a concerning trend in top-line growth. The company faces significant losses with an expected Adjusted EBITDA loss of -$46.2 million in FY:24, which contrasts sharply with previous estimates and consensus figures. Additionally, the revenue forecast for FY:24 has been sharply reduced from $170 million to $118 million, reflecting deteriorating financial performance and a lack of recovery signals in the competitive mobile gaming market.
This aggregate rating is based on analysts' research of Skillz and is not a guaranteed prediction by Public.com or investment advice.
Skillz (SKLZ) Analyst Forecast & Price Prediction
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