MarineMax

HZO · NYSE

$52.36+$0.35 (+0.67%)TodayMarket closed · Oct 20, 4:05 PM ET

Prev close $52.01

HZO analyst rating

HoldConsensus of 7 analysts over the last 12 months. 29% rate it a buy.

Strong buy0
Buy2
Hold5
Underperform0
Sell0

12-month price target · 6 analysts

Average $47.94 (−8.4% downside)

Low: $35.35
Now: $52.36
High: $55.65

Upgrades and downgrades

The latest rating actions, newest first

HZO analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Citigroup	Oct 5, 2026	Downgrade	Buy → Neutral	$41.00 → $53.00	44%
Truist Securities	Aug 12, 2026	Downgrade	Buy → Hold	$39.00 → $53.00	56%
Loop Capital	Aug 11, 2026	Downgrade	Buy → Hold	—	27%
Benchmark	Aug 11, 2026	Downgrade	Buy → Hold	—	27%
B. Riley Securities	Jul 21, 2026	Downgrade	Buy → Neutral	$35.00	34%
Truist Securities	Jul 6, 2026	Maintains	Buy	$34.00 → $39.00	41%
B. Riley Securities	Jan 30, 2026	Maintains	Buy	$27.00 → $29.00	34%
Loop Capital	Dec 23, 2025	Initiates	Buy	$29.00	—

The case for and against

Updated Oct 16, 2026

Bull case

MarineMax is supported by the strategic transaction backdrop that highlights the strong value of marina real estate portfolios, which also strengthens confidence in the durability of asset-backed fundamentals across the marine industry. The reference to a roughly 12x FY26 AEBITDA multiple underscores that buyers are willing to pay for true earnings power, suggesting attractive valuation support for companies with similar real estate exposure and operating characteristics. For a business whose revenue is driven mainly by retail operations and new and used boat sales, that kind of premium validates the underlying demand, asset quality, and long-term fundamental appeal.

Bear case

MarineMax is exposed to weakening consumer spending, and a slowdown in demand from declining confidence, higher gas prices, or rising unemployment would likely reduce boat sales and usage, pressuring results because new and used boats drive most revenue. Inflationary pressure is also a major risk, as higher commodity prices and interest rates could squeeze margins, increase wholesale and retail borrowing costs, and dampen customer demand across Retail Operations and Product Manufacturing. Competitive threats and acquisition risk further cloud the outlook, since losing market share or pursuing M&A without attractive deals could hurt profitability while requiring additional capital, leverage, or dilution.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.