SharkNinja price target lowered to $120 from $128 at JPMorgan
The Fly

SharkNinja price target lowered to $120 from $128 at JPMorgan

JPMorgan lowered the firm’s price target on SharkNinja (SN) to $120 from $128 and keeps an Overweight rating on the shares. The firm is a buyer of SharkNinja following the sharp selloff post-earnings. The company’s strong sales momentum continues, its Q4 guidance “seems quite conservative,” and it is better positioned for 2025 versus prior expectations, the analyst tells investors in a research note. JPMorgan does not believe investors should be too concerned with SharkNinja “not squeezing out” an extra couple tens of millions in profit near-term at the expense of sustaining its “secret sauce” of generating consumer problem-solving innovation and getting to market faster than competitors.

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