BUZZ-Mattel jumps on better-than-expected annual profit forecast

Toymaker Mattel MAT.O surges 13% to $20.50 premarket

Barbie maker expects 2025 adj. profit in the range of $1.66-$1.72 per share, above analysts' estimate of $1.58, as per data compiled by LSEG

Beats Q4 sales and profit estimates, helped by cost control and strong demand for Hot Wheels vehicles

Jefferies raises PT to $28 from $20, upgrades to "buy" from "hold"

"The Q4 beat gives us confidence that MAT's robust 2025 pipeline will result in solid growth," says Jefferies analyst Kylie Cohu

Morningstar analyst Jaime Katz says, "Mattel's full-year 2024 result confirmed that the toy business has found its base, delivering a 1% sales decline"

Stock rated "buy" on avg; their median PT is $25.56 - LSEG

MAT fell 6% in 2024