Margot Robbie as Barbie.Warner Bros.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.Mattel stock is poised to benefit in a big way from the expected success of the "Barbie" movie, according to a Thursday note from Goldman Sachs.The movie, starring Margot Robbie as Barbie and Ryan Gosling as Ken, is expected to beat Christopher Nolan's "Oppenheimer" and become the number one movie in America this weekend.Domestic box-office forecasts for the "Barbie" debut range from as low as $75 million, which is a conservative estimate from producer Warner Brothers, to as high as $159 million, according to projections from BoxOffice Pro.
Comment on 3 ways the Barbie movie could drive more upside for Mattel stock as weekend box-office projections top $150 million
mfox@businessinsider.com (Matthew Fox), Business Insider
Fri, 07/21/2023 - 10:46am
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