Skydance (NYSE:SKYD) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Key Points

• Wells Fargo raised its Skydance price target from $7 to $8 but maintained an “underweight” rating; the new target implies just 0.13% upside from the previous close.
• Analyst views are mixed: Skydance has a consensus “Hold” rating and an average price target of $6.72, with 10 Buy, 7 Hold, and 7 Sell ratings.
• Skydance reported quarterly earnings of $0.45 per share, beating the $0.18 estimate, while revenue of $7.03 billion came in slightly below expectations; shares fell 8.2% on Tuesday.

Skydance (NYSE:SKYD - Get Free Report) had its target price increased by analysts at Wells Fargo & Company from $7.00 to $8.00 in a research note issued on Tuesday, Benzinga reports. The brokerage currently has an "underweight" rating on the media and entertainment company's stock. Wells Fargo & Company's price objective indicates a potential upside of 0.13% from the stock's previous close.

Other research analysts also recently issued research reports about the stock. Needham & Company LLC assumed coverage on shares of Skydance in a research report on Friday, October 23rd. They set a "buy" rating on the stock. Weiss Ratings reiterated a "sell (d)" rating on shares of Skydance in a research note on Tuesday, November 3rd. Huber Research raised Skydance to an "overweight" rating in a report on Tuesday, October 27th. Sanford C. Bernstein restated a "market perform" rating on shares of Skydance in a report on Wednesday, October 21st. Finally, TD Cowen dropped their price objective on Skydance from $6.50 to $4.00 and set a "hold" rating on the stock in a research note on Wednesday, August 5th. Ten equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and seven have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $6.72.

Skydance Stock Down 8.2%

Shares of NYSE:SKYD traded down $0.71 during midday trading on Tuesday, reaching $7.99. The company had a trading volume of 7,838,577 shares, compared to its average volume of 14,592,804. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.04 and a quick ratio of 0.88. The stock's fifty day moving average price is $6.74 and its 200-day moving average price is $5.52. Skydance has a one year low of $6.61 and a one year high of $17.16. The stock has a market capitalization of $8.96 billion, a P/E ratio of 27.55 and a beta of 1.64.

Skydance (NYSE:SKYD - Get Free Report) last released its quarterly earnings results on Monday, November 9th. The media and entertainment company reported $0.45 earnings per share for the quarter, beating analysts' consensus estimates of $0.18 by $0.27. The business had revenue of $7.03 billion during the quarter, compared to analyst estimates of $7.07 billion. Skydance had a positive return on equity of 4.11% and a negative net margin of 2.13%. Equities research analysts expect that Skydance will post -0.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Skydance

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its stake in Skydance by 126.3% in the first quarter. Dimensional Fund Advisors LP now owns 3,970,920 shares of the media and entertainment company's stock worth $35,812,000 after acquiring an additional 2,216,433 shares during the period. Bank of New York Mellon Corp purchased a new position in shares of Skydance during the 2nd quarter worth $14,002,000. MTCO Ltd. increased its stake in Skydance by 21.4% during the second quarter. MTCO Ltd. now owns 7,650,000 shares of the media and entertainment company's stock worth $75,429,000 after acquiring an additional 1,350,000 shares during the last quarter. Palestra Capital Management LLC acquired a new stake in shares of Skydance in the second quarter valued at $12,798,000. Finally, Wellington Management Group LLP acquired a new position in shares of Skydance in the second quarter worth $3,231,000. 73.00% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Skydance

Here are the key news stories impacting Skydance this week:

• Positive Sentiment: Skydance reported third-quarter adjusted earnings of $0.45 per share, ahead of the $0.18 consensus estimate. Revenue of $7.03 billion was slightly below expectations of $7.07 billion. The results covered the period before the Warner Bros. Discovery acquisition closed. Earnings results
• Positive Sentiment: Management outlined more than $6 billion in targeted cost savings over three years through consolidating operations, reducing technology costs, and eliminating management layers. If achieved, the cuts could help offset integration costs and support profitability. Cost savings plan
• Positive Sentiment: The company plans to bundle Paramount+ with HBO Max early next year, aiming to strengthen its streaming offering. Paramount+ revenue rose 21% in the third quarter, providing a recent growth signal for the business. Streaming bundle plans
• Neutral Sentiment: Skydance named Marvel veteran Jeremy Latcham to lead DC Studios after James Gunn and Peter Safran depart. A leadership change could reshape the studio’s creative direction; reports also cite tensions between Gunn and Skydance executives, making the transition a potential execution risk. DC Studios leadership change
• Negative Sentiment: Reports say the Warner Bros. film slate could reduce fourth-quarter profit by about $200 million. Skydance also faces an approximately $87 billion debt burden following the deal, raising the importance of successful cost cuts and growth initiatives. Warner slate and profit impact Debt burden

About Skydance

Skydance Corporation is a global media and entertainment company formerly known as Paramount Skydance Corporation.

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