BofA lowered the firm’s price target on SharkNinja (SN) to $120 from $140 and keeps a Buy rating on the shares. The firm believes SharkNinja continues to see robust near-term growth, both domestically and internationally, but lowered the multiple it applies to its estimates given increased earnings risk from recently announced reciprocal tariffs on new sourcing regions.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SN:
- SharkNinja, Inc.: Strong Market Performance and Growth Potential Justify Buy Rating Despite Tariff Risks
- Strong Consumer Demand and Market Growth Drive Buy Rating for SharkNinja, Inc.
- Goldman Sachs Pounds the Table on 2 Quality Stocks Amid Heightened Volatility
- SharkNinja pullback an ‘attractive opportunity,’ says BofA
- SharkNinja, Inc.: Strong Market Performance and Growth Potential with Strategic Product Launches and International Expansion