Morgan Stanley Remains a Hold on Mattel (MAT)
Morgan Stanley analyst Megan Alexander maintained a Hold rating on Mattel today and set a price target of $16.00.
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Alexander covers the Consumer Cyclical sector, focusing on stocks such as Mattel, Hasbro, and SharkNinja, Inc.. According to TipRanks, Alexander has an average return of 0.3% and a 51.09% success rate on recommended stocks.
In addition to Morgan Stanley, Mattel also received a Hold from Citi’s James Hardiman in a report issued today. However, on the same day, Wells Fargo maintained a Buy rating on Mattel (NASDAQ: MAT).
Based on Mattel’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.77 billion and a net profit of $106.2 million. In comparison, last year the company earned a revenue of $1.65 billion and had a net profit of $140.86 million
Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of MAT in relation to earlier this year.
Read More on MAT:
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- Mattel Maintained at Buy as Analyst Trims Price Target to $22 but Sees Upside on Reaccelerating Growth
- Mattel: Hold Rating Reiterated as Margin and Demand Risks Offset Stronger Sales; $16 Price Target Maintained
- Closing Bell Movers: Meta falls 6%, Alphabet jumps 6% after earnings
- Mattel reports Q1 adjusted EPS (20c), consensus (21c)
- Mattel raises FY26 EPS view to $1.27-$1.39 from $1.18-$1.30
