Canaccord analyst Brian McNamara noted the recent underperformance of SharkNinja (SN) shares and believes the selloff is overdone. The firm spoke with management who reiterated the expectations for +LDD% Q3 sales growth but noted retailers are running tight inventories and there are concerns that consumption trends are rolling over. Canaccord however believes this is an environment where SharkNinja’s innovation and differentiation will shine.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SN:
- SharkNinja price target lowered to $136 from $142 at JPMorgan
- SharkNinja, Inc.: Strong Growth Potential Driven by Innovation, Strategic Expansion, and Direct Retail Relationships
- SharkNinja, Inc.: Deceleration in US Scanner Sales Growth Justifies Hold Rating
- SharkNinja, Inc.: Strong Market Position and Growth Potential Justify Buy Rating
- SharkNinja’s Strong Sales and Market Performance Reinforce Buy Rating