MAT Price Prediction Next Week
Stock Price Prediction for MAT (Mattel, Inc.)
News Analysis:
- Tariff Impact: Recent tariffs on Chinese imports could increase costs for Mattel, potentially leading to price hikes. However, Mattel is diversifying its manufacturing to mitigate these effects.
- Market Trends: The toy industry is seeing a shift towards adult consumers, which could benefit Mattel's premium product lines.
Technical Indicators:
- RSI (14): 41.75, indicating the stock is not oversold but is in a lower range.
- MACD: Slightly negative, suggesting bearish momentum.
- SMA: Trading near the 20-day SMA ($20.59) but below the 50 and 200-day SMAs, indicating bearish pressure.
- Fibonacci Levels: Resistance at 21.03 and support at 19.71.
Price Prediction:
Based on the analysis, MAT is expected to trade between $19.80 and $20.60 next week. The stock may face resistance at $21.03 and support at $19.71.
Recommendation:
Hold or Sell if the stock approaches the upper resistance level of $21.03. Consider Buy if the stock dips towards the lower support level of $19.71.
Conclusion:
The stock is likely to remain range-bound with a slight bearish bias. Monitor for potential dips or breaks above resistance for clearer signals.
MAT Similar Chart Price Prediction
The price of MAT is predicted to go up -19.53%, based on the high correlation periods with MNTK. The similarity of these two price pattern on the periods is 97.28%.
MAT
MNTK
Down: -19.53%Similarity: 97.28%
MAT Revenue Forecast
MAT EPS Forecast
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%
