Skydance (NYSE:SKYD) Coverage Initiated by Analysts at Citigroup

Equities researchers at Citigroup initiated coverage on shares of Skydance (NYSE:SKYD) in a report issued on Monday, MarketBeat reports. The firm set a “buy” rating and a $10.00 price target on the media and entertainment company’s stock. Citigroup‘s price objective suggests a potential upside of 29.70% from the company’s previous close.

Several other brokerages also recently weighed in on SKYD. Roth Capital started coverage on Skydance in a research report on Friday. They issued a “buy” rating for the company. Citizens Jmp reaffirmed a “market outperform” rating and set a $7.00 target price on shares of Skydance in a research report on Tuesday, September 22nd. Jefferies Financial Group raised Skydance to a “buy” rating in a research report on Friday. Cantor Fitzgerald started coverage on shares of Skydance in a research report on Friday. They issued an “overweight” rating for the company. Finally, Weiss Ratings raised shares of Skydance from a “sell (d-)” rating to a “sell (d)” rating in a report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, seven have issued a Hold rating and seven have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $6.02.

Skydance Stock Performance

SKYD stock traded up $0.22 during midday trading on Monday, hitting $7.71. The company’s stock had a trading volume of 16,376,142 shares. The firm has a 50-day simple moving average of $6.23 and a 200-day simple moving average of $5.42. Skydance has a 52-week low of $6.61 and a 52-week high of $17.16.

Skydance (NYSE:SKYD) last posted its quarterly earnings data on Tuesday, August 4th. The media and entertainment company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.08 by $0.01. The company had revenue of $6.91 billion for the quarter. On average, research analysts predict that Skydance will post -0.11 EPS for the current fiscal year.

Institutional Trading of Skydance

Hedge funds and other institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its stake in shares of Skydance by 126.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,970,920 shares of the media and entertainment company’s stock valued at $35,812,000 after buying an additional 2,216,433 shares during the period. Bank of New York Mellon Corp acquired a new position in Skydance in the 2nd quarter valued at approximately $14,002,000. MTCO Ltd. raised its position in Skydance by 21.4% in the second quarter. MTCO Ltd. now owns 7,650,000 shares of the media and entertainment company’s stock worth $75,429,000 after purchasing an additional 1,350,000 shares in the last quarter. Palestra Capital Management LLC acquired a new position in shares of Skydance in the 2nd quarter worth approximately $12,798,000. Finally, LTS Liquid Investments LLC boosted its stake in shares of Skydance by 68.7% in the 1st quarter. LTS Liquid Investments LLC now owns 2,030,591 shares of the media and entertainment company’s stock valued at $18,316,000 after purchasing an additional 827,248 shares in the last quarter. Institutional investors and hedge funds own 73.00% of the company’s stock.

Key Skydance News

Here are the key news stories impacting Skydance this week:

• Positive Sentiment: Citigroup upgraded Skydance to “strong buy.” The firm believes Wall Street may be underestimating the company’s near-term cost-cutting potential, providing a bullish catalyst for SKYD. Citigroup recommendations Skydance Stock Is Risky
• Positive Sentiment: Potential strategic partnerships are supporting speculation around the stock. Reports have discussed Elon Musk’s reported $1 billion investment and the possibility of a future SpaceX-related deal, although these ideas remain speculative and are not confirmed transactions. Skydance and Elon Musk Potential SpaceX deal
• Neutral Sentiment: Skydance now controls a larger portfolio of entertainment intellectual property following its Warner Bros. Discovery transaction. Investors are assessing whether properties such as DC, Star Trek and Transformers can improve content scale, monetization and long-term growth. Skydance intellectual property
• Negative Sentiment: The company launched voluntary buyouts ahead of expected layoffs and imposed a five-day in-office policy. The measures could reduce costs and improve efficiency, but they also signal substantial integration challenges, employee disruption and possible restructuring expenses after the merger. Skydance voluntary buyouts and layoffs
• Negative Sentiment: Market reaction has remained cautious. Coverage reported that SKYD shares declined even after the Citi upgrade and Musk investment reports, reflecting concerns about leverage, merger execution and the uncertain payoff from cost savings. Skydance market reaction

About Skydance

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