Yeti price target raised to $37 from $33 at Roth Capital

Roth Capital raised the firm’s price target on Yeti (YETI) to $37 from $33 and keeps a Neutral rating on the shares. The company delivered an in-line Q3 while modestly raising its 2025 sales outlook, implying a welcome Q4 growth acceleration to 5% y/y after essentially flat YTD trends, the analyst tells investors in a research note. Encouragingly, this improvement appears driven by new product momentum in bags as Roth is seeing signs that the U.S. drinkware category may be nearing a trough.