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Wells Fargo Reaffirms Their Buy Rating on Mattel (MAT)
In a report released today, Anthony Bonadio from Wells Fargo maintained a Buy rating on Mattel, with a price target of $18.00.
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Bonadio covers the Consumer Cyclical sector, focusing on stocks such as Hasbro, Vail Resorts, and Planet Fitness. According to TipRanks, Bonadio has an average return of 14.1% and a 65.52% success rate on recommended stocks.
Currently, the analyst consensus on Mattel is a Moderate Buy with an average price target of $18.11.
Based on Mattel’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $862.17 million and a net profit of $61 million. In comparison, last year the company earned a revenue of $826.63 million and had a GAAP net loss of $40.32 million
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