Up 20% This Year, Is Mattel Stock a Buy Ahead of the Release of "Barbie"?
(NASDAQ: MAT) has orchestrated an impressive comeback over the last few years, and it's looking to keep that momentum going with Barbie hitting theaters on July 21.
It's got the makings of a hit. Barbie has been one of the most popular toy franchises for decades, which gives it a large fan base right out of the gate. Plus the movie should have a healthy draw with a star-studded cast and a reported budget of $100 million. It's a high-quality production with blockbuster potential.
Not surprisingly, Wall Street is optimistic. The stock is up about 15% in the last month as investors anticipate a successful release. However, that run-up has already added $1 billion to Mattel's market cap. Investors must wonder if Barbie's success is already baked in.
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 47.24% for Mattel Inc. compared to the current price of 16.3 €.
