Jefferies analyst Randal Konik maintained a Buy rating on SharkNinja, Inc. (SN – Research Report) today and set a price target of $150.00.
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Randal Konik has given his Buy rating due to a combination of factors that highlight SharkNinja, Inc.’s strong growth potential and robust market positioning. The company has demonstrated consecutive quarters of exceeding expectations, with significant growth in both sales and adjusted EBITDA, underscoring its ability to capitalize on its diversified business model. Additionally, the notable increase in web traffic for SharkNinja brands globally indicates broad-based strength and consumer interest, further supporting the company’s growth trajectory.
Another key factor in the Buy rating is SharkNinja’s commitment to innovation, with a steady stream of new product launches that maintain its competitive edge and drive demand. The company’s international expansion strategy presents a substantial opportunity, with success already evident in markets like Germany and the UK. Coupled with strategic manufacturing shifts to manage tariff exposure effectively, SharkNinja is poised to enhance its market share and capitalize on its large total addressable market, making it an attractive investment at its current valuation.