Yeti Stock Has Surged, and There’s ‘Continued Robust Demand’

Yeti Stock Has Surged, and There’s ‘Continued Robust Demand’
·2 min read

(YETI) will report first-quarter earnings this week, but Baird argues that the cooler maker’s stock is a buy before the report. Analyst reiterated an Overweight rating on Yeti (ticker: YETI) while raising his price target to $100 from $87, citing “signs of continued robust demand,” even has the stock’s outperformance has boosted expectations ahead of the results. For the first quarter, he now expects that Yeti will earn an adjusted 24 cents a share, ahead of the consensus estimate for 21 cents, on 30% sale growth, also above the average 25% estimate.

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