▼ -4.12% Downside Potential
This price target is based on 7 analysts offering 12 month price targets for Malibu Boats in the last 3 months. The average price target is $72.86, with a high forecast of $86.00 and a low forecast of $62.00. The average price target represents a -4.12% upside from the last price of $75.99.
The current consensus among 7 contributing investment analysts is to buy stock in Malibu Boats. This Buy consensus rating has held steady for over two years.
Malibu Boats, Inc. designs, manufactures, distributes, markets, and sells a range of recreational powerboats. It operates through three segments: Malibu, Cobalt, and Pursuit. The company offers performance sport boats, and sterndrive and outboard boats under the Malibu, Axis, Cobalt, and Pursuit brands. Its products are used for a range of recreational boating activities, including water sports, such as water skiing, wakeboarding, and wake surfing, as well as general recreational boating and fishing. It operates through a network of independent dealers in Europe, Asia, the Middle East, South America, South Africa, and Australia/New Zealand. The company was founded in 1982 and is based in Loudon, Tennessee.