7 NFT Related Stocks That Are Helping to Drive This Trend - 1 of 7

#1 - Mattel (NASDAQ:MAT)

Mattel (NASDAQ:MAT) is the first of the NFT-related stocks we’re analyzing. The company is best known for its toys and consumer products. In 2021, Mattel announced it was creating a limited collection of NFTs. And this is likely just the beginning, particularly when you consider that Mattel owns the iconic Barbie and Hot Wheels brands.

Mattel reported earnings in April and beat on both revenue and earnings. This was a relief to investors who were concerned about soft demand amidst inflation and supply chain difficulties. The company acknowledged that supply chain issues still exist, but we're confident that it had systems in place to keep inventories high.  

And although MAT stock is trading near the top of its 52-week range, analysts have recently boosted the company’s consensus price target which gives the stock about a 23% upside.  At the time of this writing, MAT stock had a price-to-earnings (P/E) ratio of 9.11 which makes it slightly undervalued compared to the sector average.

About Mattel

Mattel, Inc, a toy and family entertainment company, designs, manufactures, and markets toys and consumer products in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, as well as books, content, gaming, and lifestyle products for children under the Barbie, American Girl, Disney Princess and Disney Frozen, Monster High, and Polly Pocket brands; die-cast vehicles, tracks, playsets, and accessories for kids, adults, and collectors under the Hot Wheels, Hot Wheels Monster Trucks, Hot Wheels Mario Kart, Matchbox, and Cars brand names; and infant, toddler, and preschool products comprising content, toys, live events, and other consumer products under the Fisher-Price, Little People and Imaginext, and Thomas & Friends, and Power wheels brands. Read More 

Current Price

$18.05

Consensus Rating

Hold

Ratings Breakdown

4 Buy Ratings, 5 Hold Ratings, 0 Sell Ratings.

Consensus Price Target

$22.13 (22.6% Upside)