D.A. Davidson Upgraded Skullcandy Inc. To Buy

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.

In a report released Wednesday, D.A. Davidson analyst Andrew Burns upgrades Skullcandy Inc (NASDAQ: SKUL) from Hold to Buy while increasing its price target from $8 to $10 a share. Analyst at D.A. Davidson favor Skullcandy's core business stabilizing, influencing operating margin improvement by 12.20 percent, higher margin in-ear product, and expansion into Walmart stores. The D.A. Davidson note covering Skullcandy states the company benefiting from Wal Mart's recent announcement of $20 million with accretive margins over the next few years.D.A. Davidson $10 price target is based on a 10x EV/EBITDA multiple.

Crypto Whales Are Loading Up — Are You?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!