Oppenheimer analyst Rupesh Parikh raised the firm’s price target on SharkNinja (SN) to $130 from $112 and keeps an Outperform rating on the shares. The firm is maintaining SharkNinja as a top pick. Based on its work, Oppenheimer believes the drivers remain in place for continued double digit top- and bottom-line growth. It also sees potential new positives to the bull case emerging including share buybacks and efforts to optimize working capital. The firm awaits to hear more specifics from management on these topics. Oppenheimer shares have been quite volatile lately, but Oppenheimer views current levels as an attractive entry point.
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