On Nov 01, major Wall Street analysts update their ratings for $Malibu Boats (MBUU.US)$, with price targets ranging from $45 to $50.
Baird analyst Craig Kennison maintains with a buy rating, and adjusts the target price from $40 to $50.
KeyBanc analyst Noah Zatzkin maintains with a buy rating.
B.Riley Financial analyst Eric Wold maintains with a hold rating, and adjusts the target price from $39 to $45.
D.A. Davidson analyst Brandon Rolle downgrades to a hold rating, and sets the target price at $45.
Furthermore, according to the comprehensive report, the opinions of $Malibu Boats (MBUU.US)$'s main analysts recently are as follows:
Malibu Boats experienced a notable decline in shipments as management collaborates with dealers to minimize channel inventory. Analysis indicates that dealer inventory has substantially decreased, which may alleviate some of the intensity found in a highly competitive promotional landscape.
Malibu Boats has reported earnings and revenue that exceeded expectations and has confirmed its guidance for FY25. Analysts note that while the overall market conditions for leisure vehicles continue to pose challenges, there is a degree of caution regarding the marine cycle, as retail pressures persist.
Here are the latest investment ratings and price targets for $Malibu Boats (MBUU.US)$ from 4 analysts:
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
