SharkNinja price target raised to $135 from $120 at Oppenheimer

Oppenheimer raised the firm’s price target on SharkNinja (SN) to $135 from $120 and keeps an Outperform rating on the shares ahead of earnings. Looking forward, the firm is increasingly confident in management’s ability to drive a top and bottom-line acceleration in the back half of FY25 into FY26 fueled by its expectations for reaccelerating top-line momentum and proactive efforts to navigate tariff headwinds. On the print, Oppenheimer would be positioned to take advantage of any profit taking should it materialize. The firm expects “only” a reiteration of guidance vs. a raise amid an evolving tariff backdrop in a now seemingly higher expectation setup.