Seaport starts Malibu Boats at Buy with industry poised to grow in 2026

As previously reported, Seaport Research initiated coverage of Malibu Boats (MBUU) with a Buy rating and $36 price target The marine industry is “highly cyclical,” notes the analyst, who believes this is the right time to gain exposure with the industry in better health and poised to grow in 2026. The firm sees significant upside leverage to the company’s model, with a “robust portfolio” of premium boat brands and an opportunity for growth through geographic and product expansion, the analyst added.