Seaport Global Upgrades Mattel to Buy from Neutral
Fintel reports that on October 12, 2026, Seaport Global upgraded their outlook for Mattel (NASDAQGS:MAT) (DB:MTT) from Neutral to Buy.
This rating action follows Seaport Global's prior action on November 10, 2025, when the firm initiated coverage on the stock with a Neutral rating.
Prior to this upgrade, Mattel's stock closed at $16.69 on October 9, 2026. This pre-action close represents a price change of +9.30% over one week, compared to a baseline close of $15.27 on October 2, 2026. Over a one-month period, the stock recorded a price change of +21.29% from a baseline close of $13.76 on September 9, 2026.
Separately, as of October 2, 2026, the current consensus target mean for Mattel stands at $18.99, with a median target of $18.36. This mean target represents an implied change of +13.81% from the baseline. Previously, on September 15, 2026, the prior consensus target mean was $19.08, reflecting a consensus target revision of -0.45%.
Mattel last reported earnings on August 4, 2026. For that period, the company reported an actual EPS of 0.01, compared to an estimate of 0.04, which represents an EPS surprise of -75.00%. Actual revenue for the quarter was $1,125,300,000.00, exceeding the estimated revenue of $1,112,278,155.00. The company's upcoming earnings date is scheduled for October 27, 2026, during the amc session.
Looking at broader analyst sentiment, the current recommendation period as of September 1, 2026, shows a total of 21 recommendations: 7 strong buy, 6 buy, 6 hold, and 2 sell. This represents 61.9% positive, 28.6% hold, and 9.5% negative recommendations. In the prior recommendation period as of August 1, 2026, there were 21 total recommendations, consisting of 6 strong buy, 6 buy, 7 hold, and 2 sell, representing 57.1% positive, 33.3% hold, and 9.5% negative recommendations.
Mattel, Inc., based in the United States, is a dominant player in the global toy manufacturing industry. The company is renowned for creating a diverse portfolio of iconic brands and products, including Barbie, Hot Wheels, Fisher-Price, and American Girl. Mattel’s strategic approach focuses on innovative product design, expansive distribution networks, and engaging multimedia content to enhance brand loyalty and drive growth. Key projects revolve around digital transformation, including the incorporation of augmented reality in toy experiences, and the expansion into entertainment sectors with film and television adaptations of their popular toy lines.
Recent analyst actions
| Date | Analyst | Prior | Latest recommendation | Action |
|---|---|---|---|---|
| October 12, 2026 | Seaport Global | Neutral | Buy | upgrade |
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This story originally appeared on Fintel.