The "Barbie" movie could drive material upside for Mattel stock, according to Goldman Sachs.
The bank increased its Mattel price target to $24 as estimates suggest more than $150 million in ticket sales this weekend.
These are the three reasons why Goldman expects the movie to drive financial upside for Mattel.
These are the three factors that could help Mattel benefit from the potential success of the "Barbie" movie.
A bonus reason exists for Mattel stock to benefit from the "Barbie" movie, and that's the possibility of Mattel licensing more of its intellectual property for content creation, according to the note.
Persons:
Goldman Sachs, Goldman, Margot Robbie, Barbie, Ryan Gosling, Ken, Christopher Nolan's, Oppenheimer, Warner Brothers, Mattel, Stephen Laszczyk, Laszczyk, J.J . Abrams
Organizations:
Mattel, Service, Privacy, BoxOffice Pro, Rotten
Locations:
Wall, Silicon, America