Does the Shift of "Barbie" to Streaming Mean Bad News for Mattel Stock?
Mattel (NASDAQ: MAT) rode the Barbie wave as everyone eagerly awaited the movie featuring the world's most famous doll, then rushed out to theaters for the July premiere. Since then, Barbie has become this year's highest-grossing film globally, with receipts topping $1.4 billion. And Mattel shares have advanced more than 20% this year.
Today, the party isn't completely over for Barbie, but she may be reaching the last couple of hours on that hot pink dance floor. Barbie, the movie, is shifting to streaming, and that means it no longer is dominating the big screen.
Does this equal bad news for toymaker Mattel? Let's find out.
Source Fool.com
Mattel Inc. Stock
€17.66
1.230%
Mattel Inc. is currently one of the favorites of our community with 9 Buy predictions and no Sell predictions.
As a result the target price of 24 € shows a positive potential of 35.9% compared to the current price of 17.66 € for Mattel Inc..
