
Skillz (SKLZ) Stock Forecast & Price Target
Skillz (SKLZ) Analyst Ratings
Bulls say
Skillz Inc. has demonstrated a positive turnaround, with paid monthly active users experiencing a growth of 2.5% year-over-year for the first time since the first quarter of 2022, indicative of successful marketing efforts aimed at re-engaging lapsed users. Projections for the second quarter suggest an acceleration in growth, with an estimated 6.6% year-over-year increase in user spending as re-engaged users ramp up their expenditures. The company is expected to continue scaling its spending on user acquisition strategies to drive further growth, positioning Skillz favorably within the competitive mobile gaming market.
Bears say
The financial outlook for Skillz Inc. is hindered by a consistent decline in total monthly active users, with an estimated year-over-year decrease of 2.1%. Although the company is taking steps to reduce its operating cash burn, the overall user engagement trend raises concerns about long-term revenue sustainability. The reliance on a diminishing user base underscores the potential difficulties in monetizing its eSports gaming platform effectively, which may negatively impact future financial performance.
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
Start investing in Skillz (SKLZ)
Order type
Buy in
Order amount
Est. shares
0 shares