Mattel Stock: Buy, Sell, or Hold?
Everybody's been talking about blockbuster movie Barbie these days, and that's resulted in a lot of interest in (NASDAQ: MAT). This venture into filmmaking proved a success for the toymaker, as Barbie, bringing in $1.4 billion globally, became the biggest U.S. and worldwide release of the year.
Mattel shares have benefited from the fashion doll's silver screen debut, rising almost 20% year to date. But now, as some of the excitement about the movie fades and fans turn to new releases, will excitement about Mattel fade too? Today, is the stock a buy, a sell, or a hold? Let's take a closer look at this toy giant and find out.
First, it's important to note that, although the Barbie movie is a big deal, Mattel's business is primarily toys -- not movies. Mattel, as a producer of the film, generates revenue from it, but as my colleague Collin Brantmeyer writes, the company isn't taking the lion's share. So, I wouldn't invest in Mattel stock based solely on the success of Barbie or any future movies.
Source Fool.com
Mattel Inc. Stock
With 8 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
With a target price of 24 € there is a positive potential of 49.16% for Mattel Inc. compared to the current price of 16.09 €.
