Mattel Stock: A Deep Dive Into Analyst Perspectives (4 Ratings)
Portfolio Pulse from Benzinga Insights
Mattel (NASDAQ:MAT) received mixed analyst ratings with a shift towards a more neutral stance over the last quarter. Four analysts provided ratings, with a consensus moving from bullish to predominantly indifferent. The average 12-month price target was adjusted to $20.25, down from $24.67, indicating a negative sentiment shift. Analysts from JP Morgan, Stifel, Morgan Stanley, and Roth MKM adjusted their price targets and ratings, reflecting concerns over Mattel's market position despite its strong financial indicators such as revenue growth, net margin, and ROE.
February 05, 2024 | 12:01 pm
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NEGATIVE IMPACT
Mattel's stock may face short-term pressure due to the downward revision of analyst ratings and price targets, despite strong financial performance indicators.
The reduction in the average price target and the shift towards a more neutral analyst consensus suggest a cautious or negative outlook, which could lead to short-term pressure on Mattel's stock price. Despite Mattel's strong financial performance, including revenue growth and profitability, the increased debt-to-equity ratio and the overall cautious stance from analysts might weigh on investor sentiment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100