Baird analyst Craig Kennison maintains $Malibu Boats (MBUU.US)$ with a buy rating, and adjusts the target price from $40 to $50.
According to TipRanks data, the analyst has a success rate of 48.1% and a total average return of 3.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Malibu Boats (MBUU.US)$'s main analysts recently are as follows:
A noted decrease in shipments was highlighted as management collaborates with dealers to decrease channel inventory. It is suggested that dealer inventory has significantly declined, which may alleviate some of the pressure from a highly promotional market environment.
Malibu Boats has achieved top and bottom-line beats while reaffirming its FY25 guidance. Despite the challenging setup for leisure vehicles and a broader cautious stance on the marine cycle where retail continues to face pressure, the company's performance has been noteworthy.
Note:
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