SharkNinja price target raised to $120 from $100 at Guggenheim

Guggenheim analyst Steven Forbes raised the firm’s price target on SharkNinja to $120 from $100 and keeps a Buy rating on the shares. The firm believes the phasing of SharkNinja’s product launch and channel expansion provides a tailwind to U.S. sales, likely making second half expectations “conservative,” the analyst tells investors, highlighting recent innovation and 10 total product launches throughout 2024.