SharkNinja price target lowered to $105 from $130 at Oppenheimer

Oppenheimer lowered the firm’s price target on SharkNinja (SN) to $105 from $130 to reflect a more conservative multiple amidst increased earnings uncertainty. The firm keeps an Outperform rating on the shares ahead of earnings and after spending time updating its views on both the shorter and intermediate-term outlook for SharkNinja. Oppenheimer continues to look very favorably upon the company’s intermediate- to longer-term prospects. However, shorter term, it maintains it playbook of taking advantage of any potential dips amidst evolving tariff and macro developments that could materially impact near-term results.