BofA Securities analyst Alexander Perry maintains $Mattel (MAT.US)$ with a buy rating, and maintains the target price at $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 firm acknowledges Mattel's significant third-quarter performance, which was tempered by the fourth-quarter earnings per share that were suggested to be substantially lower than anticipated, based on the full-year outlook. Although this guidance may turn out to be prudent, it is premature to conclude given the critical upcoming sales period, which includes a shorter holiday season, a looming election, and persistent consumer uncertainty.
Following Mattel's report of an adjusted EPS of $1.14 in Q3, surpassing the anticipated $1.02, there is a positive outlook on the company's financial performance. The projection for calendar 2025 EPS was increased to $1.65, taking into account ongoing expansion in gross margins and a projected $150M gross billing contribution from the upcoming release of Jurassic World Rebirth in July 2025.
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.
