YETI's Long-Term Growth Potential Shines: BofA Analyst Predicts Major Gains from Global Expansion and M&A
Portfolio Pulse from Lekha Gupta
YETI Holdings, Inc. (NYSE:YETI) has been upgraded to Buy by BofA Securities with a raised price target of $55. Despite reporting strong Q2 results and raising FY24 guidance, YETI shares are down 4.26%. The company is expected to benefit from global expansion, new products, and potential M&A activities.
August 09, 2024 | 5:31 pm
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POSITIVE IMPACT
Investors can gain exposure to YETI Holdings through the Harbor Human Capital Factor US Small Cap ETF (NYSE:HAPS).
HAPS provides a way for investors to gain exposure to YETI Holdings. The positive outlook for YETI could benefit HAPS as well.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
YETI Holdings has been upgraded to Buy by BofA Securities with a new price target of $55. The company reported strong Q2 results and raised FY24 guidance, but shares are down 4.26%. Long-term growth is expected from global expansion, new products, and potential M&A activities.
The upgrade to Buy and raised price target by BofA Securities is a positive signal for YETI. The strong Q2 results and raised FY24 guidance indicate solid performance. The expected long-term growth from global expansion, new products, and potential M&A activities further supports a positive outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100