Linda Bolton Weiser, an analyst from D.A. Davidson, maintained the Buy rating on Mattel (MAT – Research Report). The associated price target is $30.00.
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Linda Bolton Weiser has given her Buy rating due to a combination of factors that indicate strong performance and potential for Mattel. The company reported impressive fourth-quarter results, surpassing expectations with a notable increase in operating profit and a better-than-expected earnings per share. Despite slight challenges with retail inventory, Mattel’s execution remains strong, with plans for significant share repurchases that reflect confidence in its financial position.
Additionally, Mattel has projected a positive outlook for 2025, with expected sales growth and a robust lineup of product launches, including several movies and global rollouts of key brands. The company has also achieved substantial cost savings and improved profit margins, showcasing effective management strategies. These factors, combined with a favorable valuation of the stock, support Linda Bolton Weiser’s decision to maintain a Buy rating for Mattel.
Bolton Weiser covers the Consumer Cyclical sector, focusing on stocks such as e.l.f. Beauty, The Estée Lauder Companies, and Inter Parfums. According to TipRanks, Bolton Weiser has an average return of -1.5% and a 42.39% success rate on recommended stocks.
In another report released today, Jefferies also upgraded the stock to a Buy with a $28.00 price target.