TD Cowen initiated coverage of SharkNinja (SN) with a Buy rating and $135 price target The firm is “encouraged” by SharkNinja’s growth prospects, saying the company is a “category disruptor.” The firm sees SharkNinja’s long-term sales growth in the high-single-digits with EBITDA outpacing sales growth on its fixed cost leverage and value optimization. The stock’s valuation has “room to run” considering the company’s growth profile and free cash flow generation, the analyst tells investors in a research note.
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