Can-Am Achieves Dakar Rally Success with Maverick R, Securing Multiple Stage Wins
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2d ago
0mins
Source: PRnewswire
- Outstanding Season Performance: Can-Am's factory racer Kyle Chaney and co-driver Jacob Argubright finished second overall in their Dakar Rally debut, showcasing the exceptional performance and durability of the Maverick R.
- Significant Stage Victories: The factory-supported drivers secured six top-ten finishes and five stage wins, further solidifying the Maverick R's position as a top-tier racing vehicle and enhancing brand reputation.
- Technical Strength Demonstrated: Chaney's victory on stage five, with a total time of 56 hours, 13 minutes, and 35 seconds, proved the reliability and performance of the Maverick R's Rotax powerplant under extreme conditions, boosting consumer confidence in the model.
- Commitment to Future Development: BRP Race Manager Jean-François Leclerc stated that the team will continue to push for championship wins in future races, demonstrating Can-Am's strong commitment to ongoing innovation and market leadership.
Analyst Views on DOO
Wall Street analysts forecast DOO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DOO is 86.04 USD with a low forecast of 75.00 USD and a high forecast of 94.30 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Analyst Rating
9 Buy
1 Hold
0 Sell
Strong Buy
Current: 80.640
Low
75.00
Averages
86.04
High
94.30
Current: 80.640
Low
75.00
Averages
86.04
High
94.30
About DOO
BRP Inc. is a Canada-based company that specializes in powersports products, propulsion systems and boats. The Company’s segments include Powersports and Marine. The Powersports segment comprises Year-Round Products (all-terrain vehicles, side-by-side vehicles, three-wheeled vehicles, and two-wheeled vehicles), Seasonal Products (snowmobiles, personal watercraft and pontoons) and Powersports PA&A and OEM Engines (parts, accessories and apparel (PA&A), engines for karts, recreational aircraft and jet boats, and other services). The Marine segment includes boats, pontoons, outboard engines and related PA&A, and other services. Its brands include Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft and pontoons, Can-Am on and off-road vehicles, Alumacraft and Quintrex boats, Manitou pontoons and Rotax marine propulsion systems and Rotax engines for karts and recreational aircraft and Pinion gearboxes. It is developing electric models for its existing product lines.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
