Mixed Performance and Sales Deceleration Lead to Hold Rating for SharkNinja, Inc.

Megan Alexander, an analyst from Morgan Stanley, maintained the Hold rating on SharkNinja, Inc.. The associated price target remains the same with $110.00.

Megan Alexander’s rating is based on a combination of factors, including the recent performance of SharkNinja, Inc.’s sales data. The company’s year-over-year sales growth has shown a deceleration, with the latest two-week period reflecting a 5% increase, down from 8% in the previous two weeks. This slowdown is particularly notable during the Black Friday week, which only saw a 1% increase.
Despite strong growth in certain product categories like toasters and fryers, there have been declines in others such as hair dryers and air purifiers. While the CEO has highlighted strong holiday demand and growth in untracked channels, the mixed performance across different product lines and the deceleration in sales growth contribute to the Hold rating. This suggests that while there are positive aspects, there are also uncertainties that warrant a cautious approach.