Skydance (NYSE:SKYD) Price Target Raised to $8.00

Skydance (NYSE:SKYD) had its price objective lifted by Wells Fargo & Company from $7.00 to $8.00 in a report published on Tuesday,Benzinga reports. Wells Fargo & Company currently has an underweight rating on the media and entertainment company’s stock.

Several other equities research analysts also recently issued reports on the company. Citigroup began coverage on Skydance in a report on Monday, October 26th. They set a “buy” rating and a $10.00 price target for the company. Stephens upgraded Skydance from a “buy” rating to an “overweight” rating in a research note on Friday, October 23rd. JPMorgan Chase & Co. began coverage on Skydance in a research note on Friday, October 23rd. They set a “neutral” rating and a $9.00 price objective on the stock. Jefferies Financial Group raised shares of Skydance to a “buy” rating in a report on Friday, October 23rd. Finally, Benchmark reduced their target price on shares of Skydance from $9.50 to $8.00 and set a “buy” rating for the company in a research note on Wednesday, August 5th. Ten research analysts have rated the stock with a Buy rating, six have issued a Hold rating and seven have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $6.70.

Skydance Price Performance

SKYD stock opened at $7.59 on Tuesday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.88 and a current ratio of 1.10. The business has a 50-day simple moving average of $6.89 and a two-hundred day simple moving average of $5.55. The company has a market capitalization of $8.52 billion, a P/E ratio of 10.68, a price-to-earnings-growth ratio of 5.90 and a beta of 1.64. Skydance has a 52-week low of $6.61 and a 52-week high of $16.31.

Skydance (NYSE:SKYD) last issued its quarterly earnings data on Monday, November 9th. The media and entertainment company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.18 by $0.27. Skydance had a positive return on equity of 6.55% and a negative net margin of 0.99%. The firm had revenue of $7.03 billion during the quarter, compared to the consensus estimate of $7.07 billion. Research analysts expect that Skydance will post 0.09 EPS for the current fiscal year.

Hedge Funds Weigh In On Skydance

Several institutional investors have recently modified their holdings of the business. Compass Financial Management LLC purchased a new stake in shares of Skydance during the second quarter valued at approximately $42,000. CX Institutional boosted its position in Skydance by 38.1% in the second quarter. CX Institutional now owns 4,612 shares of the media and entertainment company’s stock worth $45,000 after purchasing an additional 1,273 shares during the last quarter. Western Wealth Management LLC purchased a new position in Skydance in the first quarter worth $61,000. Integrated Wealth Concepts LLC bought a new position in Skydance in the 2nd quarter valued at $75,000. Finally, Summitry LLC bought a new position in Skydance in the 1st quarter valued at $92,000. 73.00% of the stock is owned by institutional investors.

Key Stories Impacting Skydance

Here are a few of the latest stories about SKYD:

• Positive Sentiment: Skydance is targeting $6 billion in annualized synergies within three years and plans to launch a Paramount+ and HBO Max bundle in early 2027. Achieving the savings could improve profitability, though execution will be key. Article: Skydance: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: A JAKKS Pacific agreement will create global toy products tied to Paramount’s K-Pop: The Debut, providing a licensing opportunity beyond the film itself. Article: Skydance and JAKKS Pacific Strike Global Master Toy Agreement
• Neutral Sentiment: Skydance’s CEO says the company will be disciplined in pursuing live sports rights. This may help contain content costs, but also suggests it will avoid aggressive bidding. Article: Skydance CEO reveals live sports strategy

Skydance Company Profile

Skydance Corporation is a global media and entertainment company formerly known as Paramount Skydance Corporation. Paramount Skydance was formed in 2025 through the combination of Paramount Global and Skydance Media. In October 2026, the company completed its acquisition of Warner Bros. Discovery and changed its name to Skydance Corporation. The company’s portfolio includes Paramount Pictures, Warner Bros. Pictures, CBS, HBO, HBO Max, Paramount+, Pluto TV, CNN, Discovery, HGTV, Food Network, TLC, TNT Sports and a broad range of cable and international television networks.