Vista Outdoor (NYSE:VSTO), which designs, manufactures, and markets consumer products for outdoor sports and recreation, saw shares dip after Czech firearm manufacturer Colt CZ offloaded its stake following the rejection of its acquisition offer of $30 per share. Furthermore, MNC Capital recently raised its purchase proposal to $37.50 per share, up from an initial $35, aiming to finalize a deal valued at $3 billion.
This revised offer is under scrutiny as the company debates whether splitting and selling its ammunition business to CSG for $1.9 billion might better serve shareholder interests. Vista appears to be committed to its separation strategy, arguing it offers greater long-term benefits.
Still, amid these discussions, Vista’s Revelyst division acquired the golf simulator app PinSeeker, expanding its portfolio in sports and outdoor recreation. This acquisition reflects Vista’s continuous drive to diversify and strengthen its market presence even as it navigates potential corporate changes.
What Is the Target Price for VSTO Stock?
Assuming that the merger deal doesn’t go through, analysts have a $31 price target on VSTO stock, which represents a 5.57% decline from current levels. This comes after a 23% increase over the past 12 months.
