Skydance Corporation (NYSE:SKYD) Stock Has Average Target Price of $6.02

Skydance Corporation (NYSE:SKYD) has been given an average rating of “Hold” by the twenty-three brokerages that are covering the firm, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and ten have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $6.70.

SKYD has been the subject of several research analyst reports. Needham & Company LLC initiated coverage on shares of Skydance in a research report on Friday, October 23rd. They issued a “buy” rating for the company. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Skydance in a report on Wednesday, October 21st. Citigroup started coverage on Skydance in a research report on Monday, October 26th. They issued a “buy” rating and a $10.00 price objective on the stock. Huber Research raised Skydance to an “overweight” rating in a research note on Tuesday, October 27th. Finally, Wells Fargo & Company lifted their target price on Skydance from $7.00 to $8.00 and gave the company an “underweight” rating in a research note on Tuesday.

Latest Skydance News

These are some of the SKYD news items that stood out recently:

• Positive Sentiment: Skydance is targeting about $6 billion in cost savings through buyouts and other restructuring following its Warner Bros. deal. If achieved, the cuts could improve profitability, although savings will take time and may involve upfront costs. Skydance (SKYD) Unveils $6 Billion Reset With Buyouts And Full Time Office Return
• Positive Sentiment: Management plans to introduce a HBO Max–Paramount+ streaming bundle early next year, which could support subscriber growth and strengthen the combined streaming business. Skydance Details Cost Savings and Plans HBO Max-Paramount+ Bundle
• Negative Sentiment: Buyouts and restructuring are already prompting departures at CNN and CBS News, raising concerns about losing experienced staff and disruption during integration. A plan to spend $30 billion on content adds to the scale of investment required as the company pursues growth. Skydance Buyouts at CNN, CBS News Spark Exodus of Veteran Staffers

Skydance Trading Down 1.9%

SKYD opened at $7.89 on Friday. Skydance has a 1-year low of $6.61 and a 1-year high of $16.60. The stock has a market capitalization of $8.85 billion, a PE ratio of 10.86 and a beta of 1.64. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 1.10. The firm has a 50-day moving average price of $6.84 and a two-hundred day moving average price of $5.54.

Skydance (NYSE:SKYD) last announced its earnings results on Monday, November 9th. The media and entertainment company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.27. Skydance had a negative net margin of 0.99% and a positive return on equity of 6.55%. The company had revenue of $7.03 billion for the quarter, compared to analyst estimates of $7.07 billion. As a group, equities analysts anticipate that Skydance will post -0.08 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Skydance

Several hedge funds have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC bought a new stake in Skydance during the 2nd quarter worth about $75,000. IFP Advisors Inc boosted its stake in shares of Skydance by 11.6% in the 2nd quarter. IFP Advisors Inc now owns 50,934 shares of the media and entertainment company’s stock valued at $502,000 after purchasing an additional 5,294 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of Skydance by 1.2% in the 2nd quarter. Arizona State Retirement System now owns 89,455 shares of the media and entertainment company’s stock valued at $882,000 after purchasing an additional 1,077 shares during the last quarter. Nykredit A S acquired a new stake in shares of Skydance during the 2nd quarter worth approximately $150,000. Finally, Brown Financial Advisors acquired a new stake in shares of Skydance during the 2nd quarter worth approximately $175,000. Institutional investors own 73.00% of the company’s stock.

About Skydance

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.