Yeti (YETI) Stock: $80 Target And Outperform Rating

By Amit Chowdhry ● Aug 4, 2022
  • The shares of Yeti (YETI) recently received an $80 price target from Credit Suisse. These are the details.

The shares of Yeti (YETI) recently received an $80 price target from Credit Suisse. And Credit Suisse analyst Kaumil Gajrawala is maintaining an “Outperform” rating on the shares.

Gajrawala noted that despite another tough comp, Yeti’s momentum is continuing. And recent read-throughs from peers indicate spending on outdoor categories is strong despite discretionary being soft overall.

Plus Gajrawala is estimating second-quarter sales of +18.6%, which was in line with consensus. And margin pressure from input costs and freight are known headwinds, limiting the second quarter EPS growth, and putting emphasis on the second half of the year results to reach full-year EPS goals.