Stifel reiterates Hold on Yeti stock, $45 target ahead of event

Investing.com reports that Stifel has kept its Hold rating on Yeti Holdings Inc. (NYSE:YETI) stocks, with a $45.00 price target set ahead of the company's investor day on September 17 in Austin. Research suggests Yeti is currently undervalued, trading at $40.82 against a higher estimated Fair Value. The firm identifies Yeti's business model as primarily domestic drinkware, accounting for a low-40% revenue mix, with expansion into bags and international markets, projected to make up 23.5% of 2026 revenue.

Analysts anticipate high-single to low-double-digit revenue growth and mid-high-teens earnings per share growth. The projections assume a modest increase in operating margins from 14.9% in 2026. Yeti has shown solid profitability, with a gross profit margin of 59% and revenue growth of 6.2% over the last year. Stifel remains optimistic about the company's potential in new categories but questions the sustainability of its core drinkware growth.

The $45 price target equates to 8.9 times enterprise value to EBITDA and 13.2 times price-to-earnings on 2027 estimates. For further insights, Yeti is included in the 1,400+ US stocks covered by InvestingPro Research Reports, turning complex data into actionable intelligence.