Malibu Boats Inc. (MBUU) has disclosed a new risk, in the Sales & Marketing category.
Malibu Boats Inc. faces a notable business risk following the termination of its dealership arrangements with Tommy’s Boats, which accounted for a significant portion of recent sales, including over 23% for their Malibu segment in fiscal year 2023. The company’s reliance on its dealer network for marketing and servicing means that finding suitable replacements could be time-intensive, potentially harming sales and market share. Additionally, the ongoing legal dispute with Tommy’s Boats may tarnish Malibu Boats Inc.’s reputation, complicating efforts to secure new dealership partners amidst competition from other manufacturers.
The average MBUU stock price target is $44.50, implying 39.98% upside potential.
To learn more about Malibu Boats Inc.’s risk factors, click here.
