The analyst recommends Skills as an indirect play on Web 3.0, benefiting from the trend of in-game asset ownership. The company provides a platform for mobile game development, and gaming is expected to be an early adopter of Web 3.0. With the stock down significantly and trading at a low price-to-sales multiple, it presents a good valuation if it can meet its projected revenue growth of 19.7% annually.
“With the stock down 93 since it's high last year the valuation is actually pretty good on this one with just 4.1 times on that price to sales basis that's cheap for a growth stock.”