Alexander Perry, an analyst from Bank of America Securities, reiterated the Buy rating on SharkNinja, Inc. (SN – Research Report). The associated price target was lowered to $120.00.
Alexander Perry has given his Buy rating due to a combination of factors that highlight SharkNinja, Inc.’s strong market performance and growth potential. The company has demonstrated robust near-term growth both domestically and internationally, as evidenced by high sell-through visibility with domestic retailers and strong demand reflected in daily point-of-sale data. This is further supported by recent Nielsen data showing significant year-over-year increases in sales across core and new product categories, outpacing the overall market.
Additionally, SharkNinja has experienced strong social media engagement, particularly on platforms like TikTok, which has enhanced brand awareness and driven consumer interest in their products. Despite the positive outlook, Perry acknowledges the potential risk posed by recently announced reciprocal tariffs on new sourcing regions, which could impact earnings. Nevertheless, the current data suggests an upside to domestic sales growth, reinforcing the Buy rating with a revised price objective of $120.
In another report released on March 20, Jefferies also reiterated a Buy rating on the stock with a $175.00 price target.
SN’s price has also changed moderately for the past six months – from $107.570 to $88.430, which is a -17.79% drop .