Mattel Inc. (NASDAQ:MAT) saw its shares bounce back on Monday following the company’s dismal Friday showing.

Late last week, the toy maker unveiled its quarterly earnings results, which were underwhelming and suggested that the company may be close to bankruptcy. Analysts have been talking about how Mattel is better suited under different leadership as a takeover could be on the horizon.

MAT shares are now trading for $15.48, and Gerrick L. Johnson, an analyst at BMO Capital Markets, said it’s time for the company to seek a potential suitor. He has a “Buy” rating on Mattel and believes the stock will soon sell for $20 a share. The company currently has a valuation of around $5 billion.

“Its brands and manufacturing footprint could be worth more than $10 billion in their current state,” he said. “Thus, the company could have value to a financial, industry or entertainment conglomerate buyer.”

During Mattel’s fourth-quarter earnings call, the company announced that it would suspend its dividend and use the money to improve its business and prevent it from falling to bankruptcy. The move will save $50 million per quarter.

Revenue over the period fell 13% to $1.56 billion, below the Wall Street consensus estimate of $1.81 billion. Mattel suffered weak demand across various categories, including Barbie, Hot Wheels, Thomas & Friends and Monster High, according to the company’s earnings call.

MAT stock gained 10.5% Monday.