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Maxim Group's Tom Forte raised their price target on Jakks Pacific (NASDAQ: JAKK) by 111.1% from $27 to $57 on 2026/10/24. The analyst maintained their Strong Buy rating on the stock.

Jakks Pacific reported its Q3 2026 earnings.

Raising their price target, Forte attributed the quarter's better-than-expected results to net sales growth accelerating sequentially as the company successfully navigates tariff-related changes.

Earnings Report

For Q3 2026, Jakks Pacific reported:

• EPS of $2.68, which beat the Zacks Consensus Estimate of $2.54 and Q3 2025's $1.80.
• Revenue of $254.22 M, which beat the Zacks Consensus Estimate by 4.14% and Q3 2025s' $211.21M.

Management did not provide financial guidance in its press release.

Chairman & CEO Stephen Berman commented: “We’re very happy with our Q3 results as we approach the end of the year.

"Having successfully navigated the high tariff turmoil, we are driving our business forward.

"We see that reflected in our current results, the line-up we recently shared with the trade for 2027 and new initiatives we’re in the process of securing for 2028.

"We have great placement this holiday season and our international business continues to steadily expand as we continue to open new accounts and partner more closely for a more robust presence in-store.”