SharkNinja, Inc.: Buy Rating Affirmed Amid Growth Catalysts and Strategic Initiatives

William Blair analyst Phillip Blee has maintained their bullish stance on SN stock, giving a Buy rating on May 9.

Phillip Blee has given his Buy rating due to a combination of factors that make SharkNinja, Inc.’s stock an attractive investment. Despite a recent 30% increase in the stock price, Blee remains optimistic about its potential, noting that it still trades below its peak levels. He identifies several catalysts that could drive further growth, including the potential for increased sales and earnings in the upcoming quarters and a possible sale by the primary shareholder, which could enhance the company’s financial standing.
Management’s confidence in raising the full-year guidance, despite tariff challenges, further supports Blee’s positive outlook. The company’s strategic efforts to reduce reliance on China by sourcing most of its U.S.-bound products elsewhere and its commitment to maintaining R&D and advertising expenditures are seen as advantageous. These actions, coupled with the potential for multiple expansion, suggest a significant upside in the stock price, reinforcing the Buy rating.

In another report released on May 9, Guggenheim also maintained a Buy rating on the stock with a $120.00 price target.