Yeti Holdings Inc. (YETI, Financial) has seen its rating lifted by KeyBanc from Underweight to Sector Weight. This change comes despite the firm reducing its estimates, as Yeti's stock valuation has shown relative improvement.
The analysis highlights Yeti's strategic shift in drinkware manufacturing away from China. However, this diversification effort has now encountered new challenges, as recently imposed tariffs have started impacting these alternative manufacturing locations.
Additionally, KeyBanc points out that Yeti's primary lines of business, which include coolers and equipment, are now potentially vulnerable to tariffs in Southeast Asian countries like Thailand, Malaysia, Indonesia, and Vietnam. This exposure to new tariffs represents a significant challenge for the company's manufacturing strategy.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 16 analysts, the average target price for YETI Holdings Inc (YETI, Financial) is $41.56 with a high estimate of $55.00 and a low estimate of $32.00. The average target implies an upside of 54.28% from the current price of $26.94. More detailed estimate data can be found on the YETI Holdings Inc (YETI) Forecast page.
Based on the consensus recommendation from 17 brokerage firms, YETI Holdings Inc's (YETI, Financial) average brokerage recommendation is currently 2.5, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for YETI Holdings Inc (YETI, Financial) in one year is $51.04, suggesting a upside of 89.46% from the current price of $26.94. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the YETI Holdings Inc (YETI) Summary page.
