J.P. Morgan analyst Andrea Faria Teixeira maintains $SharkNinja (SN.US)$ with a buy rating, and adjusts the target price from $97 to $128.
According to TipRanks data, the analyst has a success rate of 49.2% and a total average return of 2.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $SharkNinja (SN.US)$'s main analysts recently are as follows:
Most investors gained a greater understanding of the durability of SharkNinja's rapid sales expansion following an investor meeting with the company's management. This growth is attributed to continuous innovation and three primary growth drivers: increasing market share in current categories, branching into new categories, and expanding geographically. There is a heightened confidence in the potential for surpassing near-term estimates, with management conveying a positive outlook on their ability to achieve sustained growth.
SharkNinja has been recognized for its exceptional performance, consistently surpassing expectations in recent quarters despite a challenging U.S. consumer durables landscape. Looking ahead, the company's prominent brand collection, history of significant innovation, and distinctive marketing initiatives are anticipated to drive further market share increases. Ongoing retail analysis has revealed an expanded presence of SharkNinja offerings across various U.S. retailers, which is perceived as a positive indicator for the company's enduring growth potential.
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.
