Strong Consumer Demand and Market Growth Drive Buy Rating for SharkNinja, Inc.

Analyst Randal Konik of Jefferies maintained a Buy rating on SharkNinja, Inc. (SN – Research Report), retaining the price target of $175.00.

Randal Konik has given his Buy rating due to a combination of factors including the strong demand for SharkNinja, Inc.’s products as evidenced by their trademark rankings. The report highlights significant month-over-month growth in search volume for key products like PowerFins, PowerDetect, and VACMOP under the Shark brand, and NEVERCLOG, PossibleCooker, and MegaZone under the Ninja brand.
Additionally, the consistent high average monthly search volumes for products such as FlexStyle and CREAMi indicate sustained consumer interest. These trends suggest a robust market presence and potential for continued growth, which supports the Buy rating for SharkNinja, Inc.’s stock.

In another report released yesterday, Bank of America Securities also maintained a Buy rating on the stock with a $140.00 price target.

SN’s price has also changed moderately for the past six months – from $105.770 to $89.400, which is a -15.48% drop .