MAT Price Prediction Next Week
Based on the provided data and news analysis, here is the prediction for MAT's stock price next week:
Technical Analysis
- RSI (14) at 71.33 indicates overbought conditions
- MACD shows positive momentum with MACD (0.96) above signal line (0.76)
- Stock trading above all major moving averages (5,10,20,60,200-day)
- Bollinger Band analysis shows price near upper band (24.94) with high bandwidth, suggesting strong upward momentum
News Sentiment Analysis
- Recent UBS report highlights MAT's potential exposure to Generation Alpha spending trends, particularly in gaming and digital engagement
- The company is well-positioned to benefit from the estimated $83.5 trillion wealth transfer expected over next 20-25 years
- Strong Q4 2024 performance with sales growth of 3% and improved gross margins
- Management provided optimistic 2025 guidance exceeding Wall Street expectations
Price Target Prediction for Next Week
- Support levels: $20.56 (Fibonacci S1), $20.12 (Fibonacci S2)
- Resistance levels: $22.00 (Fibonacci R1), $22.45 (Fibonacci R2)
Based on technical indicators and positive news sentiment, MAT is expected to trade between $21.50-$22.45 next week. The stock shows strong momentum but is approaching overbought territory.
Trading Recommendation: HOLD current positions or take partial profits. Not recommended for new entries due to overbought conditions. Wait for pullback to $20.50-$21.00 range for new long positions.
MAT Similar Chart Price Prediction
The price of MAT is predicted to go up -18.41%, based on the high correlation periods with OCUL. The similarity of these two price pattern on the periods is 99%.
MAT
OCUL
Down: -18.41%Similarity: 99%
MAT Revenue Forecast
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MAT FAQs
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MAT VS S&P500
Mattel's size allows it to fund new products, expand into high-growth emerging markets, and make acquisitions, while its portfolio of brands lends itself to scalable expansion in new categories like digital and new franchises.
As one of the largest players in the toy industry, Mattel is a preferred licensing partner for important tie-ins with entertainment companies.
Mattel's prior cost-saving and capital-light initiatives yielded $1 billion in run-rate savings. Efforts beyond the $200 million expected from the Optimizing for Profitable Growth initiative could further reduce expenses.
MAT Analyst's Forecast
Megan Alexander
Morgan Stanley
Hold
2024-10-24
Price Target
$21 → $22
Upside
+18.47%
Morgan Stanley analyst Megan Alexander raised the firm's price target on Mattel to $22 from $21 and keeps an Equal Weight rating on the shares. "Strong" Q3 upside was "somewhat overshadowed" by Q4 EPS that was implied well below expectations based on full-year guidance, the analyst tells investors. While the guidance "could prove conservative," it is too early to tell with the most important selling weeks ahead amid a shorter holiday season, impending election and ongoing consumer uncertainty, the analyst added.
Alexander Perry
B of A Securities
Strong Buy
2024-10-24
Price Target
$26 → $28
Upside
+50.78%
Christopher Horvers
JP Morgan
Hold
2024-10-21
Price Target
$22 → $23
Upside
+24.86%
