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Maxim Group Sticks to Its Buy Rating for Jakks Pacific (JAKK)

Tipranks - Tipranks - Sat May 2, 9:00AM CDT

In a report released today, Tom Forte from Maxim Group reiterated a Buy rating on Jakks Pacific, with a price target of $27.00.

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According to TipRanks, Forte is a 4-star analyst with an average return of 6.4% and a 43.88% success rate. Forte covers the Consumer Cyclical sector, focusing on stocks such as Amazon, Fossil Group, and Jakks Pacific.

Currently, the analyst consensus on Jakks Pacific is a Moderate Buy with an average price target of $27.00.

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Based on Jakks Pacific’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $127.11 million and a GAAP net loss of $5.32 million. In comparison, last year the company earned a revenue of $130.74 million and had a GAAP net loss of $9.11 million

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