SharkNinja, Inc. Surpasses Expectations with Strong Q1 Performance and Upgraded Outlook

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

Phillip Blee’s rating is based on SharkNinja, Inc.’s impressive first-quarter performance, which surpassed expectations. The company reported a sales growth of 14.7%, exceeding the consensus estimate of 9.5% and aligning with buy-side expectations. This growth was driven by strong domestic sales and international expansion, despite some temporary challenges.
Additionally, SharkNinja’s adjusted gross margin met consensus expectations, while the adjusted EBITDA margin exceeded them by over 100 basis points. The company’s adjusted earnings per share also outperformed, coming in 19% above consensus. These factors, combined with management’s increased full-year outlook, provide confidence in the company’s ability to navigate tariff impacts and sustain growth, justifying the Buy rating.

Blee covers the Consumer Cyclical sector, focusing on stocks such as Costco, Driven Brands Holdings, and Traeger. According to TipRanks, Blee has an average return of 7.7% and a 60.71% success rate on recommended stocks.

In another report released today, Jefferies also maintained a Buy rating on the stock with a $175.00 price target.