Malibu Boats Outperforms Estimates; Bullish Stance on BigBear.ai
- August 29th, 2023
- 406 views
Malibu Boats, Inc. (Nasdaq: MBUU), a manufacturer of recreational boats, announced fourth-quarter fiscal 2023 earnings of $2.98 per share, exceeding the consensus EPS estimate of $2.30. The company's quarterly sales reached $372.30 million, surpassing analysts' projected revenue of $327.25 million for the period.
$MBUU was trading at $54.60 in pre-market, showing an increase of $1.18 (+2.21%).
In other news, HC Wainwright & Co. has initiated coverage on BigBear.ai Holdings, Inc. (NYSE: BBAI), a technology company specializing in advanced analytics and artificial intelligence solutions, with a Buy rating and a price target of $4.
Despite closing at $1.37 on Monday, the assigned price target implies a potential upside of $2.63 or approximately 192.04% for $BBAI, according to the investment banking firm's analysis.
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)
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