Alexander Perry, an analyst from Bank of America Securities, reiterated the Hold rating on Yeti Holdings (YETI – Research Report). The associated price target remains the same with $42.00.
Alexander Perry has given his Hold rating due to a combination of factors including Yeti Holdings’ current focus on innovation and expansion in international markets. The company is introducing new products across various categories, which is expected to drive consumer interest in the coming years. However, despite these positive developments, Yeti acknowledges that domestic consumers are cautious with their discretionary spending, which could impact sales growth.
Additionally, Yeti faces competition in the drinkware market, though it believes it can maintain its market position by focusing on diverse product offerings. The company is also working to reduce its tariff exposure by shifting a significant portion of its production out of China. While these strategic moves are promising, they come with uncertainties, leading to the Hold rating as the stock price remains below the price objective set by the analyst.
According to TipRanks, Perry is an analyst with an average return of -3.4% and a 38.94% success rate. Perry covers the Consumer Cyclical sector, focusing on stocks such as Camping World Holdings, Thor Industries, and Topgolf Callaway Brands.
In another report released on February 25, TD Cowen also maintained a Hold rating on the stock with a $38.00 price target.