Malibu Boats (MBUU) Stock Forecast & Price Target

Malibu Boats has demonstrated a significant turnaround in financial performance, with 4Q25 adjusted EBITDA increasing to $21.3 million from a loss of $4.1 million in the previous year, reflecting a substantial improvement in profitability. The company also reported an impressive year-over-year increase in unit volumes of 78.7%, reaching 570 units, which underscores robust demand within its market segment. Additionally, net sales originating from the Malibu segment surged by 114.0% year-over-year, totaling $80.3 million, highlighting the brand's strong market presence and growth prospects.

Malibu Boats is facing significant challenges as unit volumes within its Saltwater Fishing and Cobalt segments have decreased by 9.3% and 11.4% year-over-year, respectively, indicating a troubling trend in demand. The company's guidance anticipates a decline in retail activity of a mid-high single-digit percentage year-over-year in FY26, with more pronounced declines expected in the first half of the fiscal year. Additionally, despite being well-positioned in terms of dealer inventory management, Malibu will proceed with prudent inventory destocking, further reflecting cautious market conditions and potential revenue pressures.