CCORF analyst Brian McNamara maintains $SharkNinja (SN.US)$ with a buy rating, and adjusts the target price from $105 to $126.
According to TipRanks data, the analyst has a success rate of 51.1% and a total average return of 2.1% 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 reportedly 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 fueled by continuous innovation and three main avenues for growth: increasing market share within current categories, venturing into new product lines, and broadening the company's global presence. Analyst sentiment is leaning towards a positive outlook on the company's short-term financial estimates, with management appearing optimistic about maintaining strong comparative performance.
The company has been recognized for its impressive execution, consistently delivering results that surpass expectations, despite a challenging environment in U.S. consumer durables. Looking ahead, the company's strong brand portfolio, history of innovative developments, and unique marketing strategies are expected to contribute to its market share expansion. Recent observations from store checks indicate an increased visibility of the company's products in various U.S. retailers, suggesting positive implications for its long-term growth.
Note:
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