
Skillz (SKLZ) Stock Forecast & Price Target
Skillz (SKLZ) Analyst Ratings
Bulls say
Skillz Inc. has experienced a positive shift as paid monthly active users saw a 2.5% year-over-year growth for the first time since the first quarter of 2022, attributed to enhanced marketing efforts aimed at re-engaging lost users. The company forecasts continued growth with an estimated acceleration of 6.6% year-over-year in the second quarter as user spending is projected to increase over time. Additionally, Skillz plans to enhance its growth trajectory by scaling user acquisition spending, indicating a strategic focus on expanding its customer base and revenue potential.
Bears say
Skillz Inc is experiencing a downturn in its total monthly active users, with a year-over-year decline estimated at 2.1%, indicating challenges in user engagement and retention on its gaming platform. Despite efforts to reduce operating cash burn, the ongoing decrease in user activity raises concerns about the company's long-term revenue sustainability. As the majority of Skillz's revenue is generated from its Skillz segment, these trends suggest potential difficulties in growth and profitability moving forward.
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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