Analyst Randal Konik from Jefferies maintained a Buy rating on Yeti Holdings (YETI – Research Report) and keeping the price target at $55.00.
Randal Konik has given his Buy rating due to a combination of factors that highlight Yeti Holdings as a promising investment opportunity. One of the primary reasons is Yeti’s strong cash flow and robust brand, which make it an attractive target for private equity. This financial strength suggests significant potential for an increase in share value, especially in a market environment that is conducive to transformative opportunities.
Additionally, Yeti’s strategic appeal is similar to that which led 3G Capital to acquire Skechers, with a focus on innovation and global expansion. Despite the current economic uncertainties and market volatility, Yeti’s limited downside risk, exceptional brand strength, and multiple growth avenues, such as expanding into new product categories and international markets, position it as a compelling investment. These factors provide a solid foundation that mitigates potential declines, even in the face of tariff pressures, which can be managed through sourcing adjustments and pricing strategies.
In another report released today, Piper Sandler also maintained a Buy rating on the stock with a $38.00 price target.