Bank of America Securities analyst Alexander Perry maintained a Buy rating on SharkNinja, Inc. today and set a price target of $140.00.
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Alexander Perry has given his Buy rating due to a combination of factors that highlight SharkNinja, Inc.’s strong growth potential and strategic initiatives. The company is committed to winning with every product SKU, emphasizing its culture of innovation and consumer-focused product development. This approach is supported by rigorous design and testing processes, allowing SharkNinja to effectively compete across various product categories and regions.
Additionally, SharkNinja is expanding its product offerings, particularly in outdoor appliances and beauty products, which are expected to drive significant growth. The company’s strategic shift to direct relationships with major retailers while maintaining distributor partnerships is seen as a positive move for international expansion. Furthermore, SharkNinja’s ability to adjust pricing strategies in response to tariff challenges and its focus on scaling direct-to-consumer channels are expected to contribute to its future success.