Analyst Randal Konik from Jefferies reiterated a Buy rating on SharkNinja, Inc. (SN – Research Report) and increased the price target to $175.00 from $150.00.
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Randal Konik has given his Buy rating due to a combination of factors, including SharkNinja’s remarkable performance and strategic initiatives. The company has consistently surpassed expectations with its financial results, marking four consecutive quarters of outperforming on both revenue and earnings, indicating a strong operational foundation. Additionally, SharkNinja’s innovation strategy is noteworthy, with plans to introduce over 25 new products across various categories, which positions the company to maintain its growth momentum.
International expansion is another key factor contributing to the Buy rating. SharkNinja has shown significant year-over-year sales growth internationally and has plans to further accelerate this growth, particularly in Europe and Latin America. The company’s current market penetration is relatively low compared to its total addressable market, suggesting substantial room for growth. Moreover, management’s guidance for 2025 appears conservative, suggesting potential upside in performance, which reinforces the confidence in SharkNinja’s stock as a compelling buy opportunity.