SharkNinja price target raised to $90 from $82 at Canaccord

Canaccord raised the firm’s price target on SharkNinja to $90 from $82 and keeps a Buy rating on the shares. The firm’s noted the company directionally guided to +20% sales growth in Q2 but following its channel checks, they are now above the high end of FY2024 guidance on adjusted net sales growth, adjusted EBITDA, and adjusted EPS.