Analyst Brian McNamara of Canaccord Genuity maintained a Buy rating on SharkNinja, Inc., retaining the price target of $136.00.
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Brian McNamara has given his Buy rating due to a combination of factors that highlight SharkNinja, Inc.’s strong market position and growth potential. The company has demonstrated impressive success with its new product, the Ninja SLUSHi, which has exceeded expectations and garnered significant consumer interest. Additionally, the Ninja Luxe Café and CREAMi ice cream platform continue to contribute positively to the company’s growth, showcasing the brand’s ability to innovate and capture consumer demand.
SharkNinja’s strategic shift towards owning distribution in international markets, such as Mexico, is expected to enhance revenue and margins. The company’s international segment has shown robust growth, with plans to expand direct models in regions like Spain, Italy, and the Nordics, which are anticipated to drive further growth. The positive momentum in key markets, along with the anticipation of a strong holiday season in regions like France and Germany, underscores the company’s potential for continued success.
In another report released yesterday, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $132.00 price target.