BofA Securities analyst Alexander Perry maintains $Mattel (MAT.US)$ with a buy rating, and adjusts the target price from $26 to $28.
According to TipRanks data, the analyst has a success rate of 37.8% and a total average return of -3.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Mattel (MAT.US)$'s main analysts recently are as follows:
The 'strong' performance exhibited in Q3 was somewhat diminished by Q4 earnings per share projections that seemed to fall significantly short of expectations, based on the full-year forecast. Although this guidance might be seen as cautious, it's premature to make a determination given that the most crucial selling weeks are yet to come, with factors such as a shorter holiday season, an upcoming election, and persistent consumer uncertainty in play.
Post Mattel's Q3 earnings release, which surpassed expectations with an adjusted EPS of $1.14 against the anticipated $1.02, the company's outlook appears favorable. The forecast for calendar year 2025 EPS has been increased to $1.65, indicative of sustained gross margin growth and an anticipated $150M gross billing boost from the upcoming Jurassic World Rebirth in July 2025.
Note:
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