Mattel shares are trading higher after the company reported better-than-expected Q1 adjusted EPS results. Also, DA Davidson maintained a Buy rating on the stock and raised its price target from $26 to $27.
Portfolio Pulse from Benzinga Newsdesk
Mattel's shares surged following the announcement of better-than-expected Q1 adjusted EPS results. Additionally, DA Davidson reaffirmed a Buy rating on Mattel and increased its price target from $26 to $27.
April 24, 2024 | 2:46 pm
News sentiment analysis
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POSITIVE IMPACT
Mattel's Q1 earnings surpassed expectations, leading to a positive stock price movement. DA Davidson's continued support and raised price target further bolster investor confidence.
The positive earnings report directly impacts Mattel's stock by increasing investor confidence and potentially leading to higher stock prices in the short term. DA Davidson's raised price target and maintained Buy rating further validate the company's strong performance and outlook, likely contributing to sustained or increased investor interest.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100