BofA Securities analyst Alexander Perry maintains $SharkNinja (SN.US)$ with a buy rating, and sets the target price at $130.
According to TipRanks data, the analyst has a success rate of 36.6% and a total average return of -4.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $SharkNinja (SN.US)$'s main analysts recently are as follows:
The latest quarter for SharkNinja was notably impressive, showcasing a sales increase of 35%, which likely surpassed even the more optimistic forecasts. While the significant sales growth's limited reflection on the bottom line might leave some expectations unmet, it appears that there is general acceptance of this outcome as long as the company's additional investments are generating visible returns. There's been an anticipation for an opportunity to adopt a more constructive stance on the stock, with a preference for a positive outlook within the context of a neutral rating. Presently, a position of watchful waiting is maintained, with an eye out for a driving factor that could prompt a reassessment.
After a considerable decline in value post-earnings, SharkNinja remains an attractive investment due to its persistent strong sales performance. The company's forecasts for Q4 appear to be rather modest, and its positioning for 2025 is seen as more favorable compared to previous projections. Analysts suggest that investors should not be overly concerned with the company's near-term profit margins as long as it continues to maintain its core competency of delivering innovative solutions for consumers and maintaining a quicker go-to-market strategy than its rivals.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
