Malibu Boats

MBUU · NASDAQ

$22.10+$0.38 (+1.75%)TodayMarket closed · Oct 20, 7:31 PM ET

Prev close $21.72

MBUU analyst rating

HoldConsensus of 5 analysts over the last 12 months. 40% rate it a buy.

Strong buy0
Buy2
Hold3
Underperform0
Sell0

12-month price target · 10 analysts

Average $34.30 (+55.2% upside)

Low: $30.30
Now: $22.10
High: $42.00

Upgrades and downgrades

The latest rating actions, newest first

MBUU analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Truist Securities	Jul 6, 2026	Maintains	Hold	$31.00 → $34.00	56%
DA Davidson	Jun 15, 2026	Maintains	Neutral	$30.00	62%
DA Davidson	Jun 4, 2026	Maintains	Neutral	$30.00	62%
Truist Securities	Apr 27, 2026	Maintains	Hold	$34.00 → $31.00	56%
Loop Capital	Dec 23, 2025	Initiates	Buy	$34.00	—
Seaport Global	Dec 17, 2025	Initiates	Buy	$36.00	50%
B. Riley Securities	Nov 25, 2025	Maintains	Neutral	$33.00 → $30.00	34%
B. Riley Securities	Oct 31, 2025	Maintains	Neutral	$33.00 → $30.00	34%
Truist Securities	Oct 28, 2025	Maintains	Hold	$30.00 → $37.00	56%

The case for and against

Updated Oct 14, 2026

Bull case

Malibu Boats is positioned for improved fundamentals because Saxdor integration is expected to raise Fort Pierce utilization from 55% and boost fixed-cost absorption while expanding the company’s brand mix into North American markets. The company also benefits from a healthy balance sheet, with net debt/TTM EBITDA at 1.5x versus a 2.5x maximum target, leaving room for ongoing investment, debt reduction, and share repurchases. Over time, management’s ability to leverage Saxdor facilities in Finland and Poland and adapt Pursuit and Cobalt designs for international markets supports diversification and strengthens the growth outlook.

Bear case

Malibu Boats is exposed to several fundamental weaknesses that support a negative outlook, starting with heavy supplier concentration because Malibu and Axis engines come solely from General Motors through model year 2026. If that agreement is not renewed on favorable terms, the company could face lower boat availability or higher cost of sales, pressuring financial condition and results of operations. Its business is also highly seasonal and dealer-dependent, with the top ten dealers representing 42.8% of fiscal year 2025 net sales and OneWater Marine-related sales at 24.7%, while intense competition across the recreational powerboat market could squeeze margins and growth.

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