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
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..
