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Baird Maintains Malibu Boats(MBUU.US) With Buy Rating, Raises Target Price to $50

Moomoo News ·  Nov 2 06:31  · Ratings

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.

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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:

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.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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