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Why Skillz Is Soaring Today

TheMotleyFool

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Shares of Skillz (NYSE: SKLZ) are jumping over 10% higher in midday trading Wednesday after Citi resumed coverage of the the mobile esports platform with a buy rating and a $23-per-share price target.

Skillz stock had closed trading yesterday at $11.61 per share, meaning Citi analyst Jason Bazinet believes the stock can double over the coming year.

Image source: Getty Images.

Source Fool.com

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