Skillz Inc. (NYSE: SKLZ) Lawsuit Updated: Investors who purchased Flying Eagle Acquisition Corp. (formerly NYSE: FEAC) shares should contact the Shareholders Foundation
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 24 2024
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Source: Globenewswire
Lawsuit Update: Investors who purchased shares of Skillz Inc. (formerly Flying Eagle Acquisition Corp.) are advised to contact the Shareholders Foundation regarding a lawsuit alleging securities law violations, which has seen multiple court rulings including a dismissal and an appeal affirmation.
Company Background: Skillz Inc. became public in December 2020 through a merger with Flying Eagle Acquisition Corp., and the lawsuit claims misleading statements about revenue from key games and market growth projections.
Analyst Views on FEAC
Wall Street analysts forecast FEAC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FEAC is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 29.391
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Current: 29.391
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
