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Malibu Boats Inc has a consensus price target of $53.25 based on the ratings of 9 analysts. The high is $80 issued by BMO Capital on February 8, 2023. The low is $35 issued by B. Riley Securities on July 10, 2024. The 3 most-recent analyst ratings were released by Benchmark, Truist Securities, and Keybanc on November 1, 2024, respectively. With an average price target of $45.33 between Benchmark, Truist Securities, and Keybanc, there's an implied 9.98% upside for Malibu Boats Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Malibu Boats (NASDAQ:MBUU) was reported by Benchmark on November 1, 2024. The analyst firm set a price target for $44.00 expecting MBUU to rise to within 12 months (a possible 6.74% upside). 21 analyst firms have reported ratings in the last year.
The latest analyst rating for Malibu Boats (NASDAQ:MBUU) was provided by Benchmark, and Malibu Boats reiterated their buy rating.
The last upgrade for Malibu Boats Inc happened on July 24, 2024 when DA Davidson raised their price target to $45. DA Davidson previously had a neutral for Malibu Boats Inc.
The last downgrade for Malibu Boats Inc happened on November 1, 2024 when DA Davidson changed their price target from $45 to $45 for Malibu Boats Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Malibu Boats, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Malibu Boats was filed on November 1, 2024 so you should expect the next rating to be made available sometime around November 1, 2025.
While ratings are subjective and will change, the latest Malibu Boats (MBUU) rating was a reiterated with a price target of $44.00 to $44.00. The current price Malibu Boats (MBUU) is trading at is $41.22, which is out of the analyst’s predicted range.
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