Where Will Skillz Be in 5 Years?
Skillz (NYSE: SKLZ) has been a volatile stock since it merged with a SPAC and went public last December. The stock opened at $17.89 on its first trading day and skyrocketed to an all-time high of $46.30 in February, but tumbled back below $17 over the following four months.
I reviewed Skillz's near-term outlook last month and concluded that the online gaming platform company's customer concentration issues, high user acquisition costs, and widening losses could all prevent the bulls from returning this year. But looking ahead into the next five years, could Skillz eventually silence the bears and generate multibagger returns?
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Source Fool.com
