Wedbush lowers Skillz PT to $14, maintains Outperform rating.

Wedbush lowers Skillz PT to $14, maintains Outperform rating.

Wedbush Securities has updated its price target for Skillz Inc. (NYSE: SKLZ) to $14.00, a decrease from its previous target of $15.00. Despite this adjustment, the firm maintains its "outperform" rating on the stock, indicating a potential upside from the current price. The new target price suggests a potential gain of 106.50% from the current stock price, according to the latest report [1].

In its latest earnings report, Skillz posted a loss of ($0.92) per share for the first quarter, which was better than the estimated loss of ($1.31) per share. The company's revenue for the quarter stood at $22.41 million, demonstrating its ability to beat analyst expectations [1].

Institutional investors have shown increased interest in Skillz, with approximately 19.42% of its stock being owned by institutional investors. Several firms, including Occudo Quantitative Strategies LP, Vista Cima Wealth Management LLC, LPL Financial LLC, BNP Paribas Financial Markets, and Acadian Asset Management LLC, have recently acquired new stakes in the company [1].

Skillz operates a mobile game platform, providing a technology platform for independent game developers to host tournaments and offer competitive gaming activities. The company's stock has experienced volatility, with a 50-day moving average of $6.91 and a 200-day moving average of $5.94. The stock's 1-year low was $3.54, and the 1-year high was $9.06 [1].

References:
[1] https://www.marketbeat.com/instant-alerts/skillz-nysesklz-given-outperform-rating-at-wedbush-2025-08-04/