
Mattel (MAT) Stock Forecast & Price Target
Mattel (MAT) Analyst Ratings
Bulls say
Mattel is projecting a positive outlook for its sales growth in 2025, anticipating an increase of 2-3%, while the broader toy industry is expected to remain flat to slightly up. The company has raised its gross margin guidance for 2024 to approximately 50%, indicating improved profitability, alongside an operating profit forecast of $740M to $765M, which reflects a 0%-4% year-over-year growth. Moreover, the implementation of the "Optimizing for Profitable Growth" program has already yielded significant cost savings, with an updated target of $75M in savings for 2024, bolstering the company's overall financial health and growth prospects.
Bears say
Mattel's financial outlook is concerning due to its expectations of a moderate decline in the toy industry in 2024, with the company lowering its sales guidance to flat or slightly down, despite a 27% increase in 3Q23 driven by the Barbie movie. The company reported a high-single-digit year-over-year decline in global point-of-sale (POS) in 3Q24 and a low-single-digit decline over the first nine months of the year, indicating weakening consumer demand. Additionally, Mattel's flat year-end retail inventory levels, coupled with the risks associated with seasonality and reliance on specific licenses for sales and profits, contribute further to a negative outlook for the stock.
This aggregate rating is based on analysts' research of Mattel and is not a guaranteed prediction by Public.com or investment advice.
Mattel (MAT) Analyst Forecast & Price Prediction
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