BofA Securities analyst Alexander Perry maintains $SharkNinja (SN.US)$ with a buy rating.
According to TipRanks data, the analyst has a success rate of 37.6% and a total average return of -4.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $SharkNinja (SN.US)$'s main analysts recently are as follows:
The recent quarter displayed exceptionally strong sales growth, believed to surpass even the more optimistic forecasts. Despite this, the translation of these sales into net income may not have fully met expectations. However, it's noted that as long as the company's additional investments are yielding visible returns, the reception remains positive. Currently adopting a cautious but observant stance, there is an openness to re-evaluate the position should a compelling catalyst emerge.
The recommendation to acquire SharkNinja shares remains strong despite the recent decline after the earnings announcement. The company's robust sales momentum is ongoing, and its fourth-quarter forecasts appear notably cautious. The company is also seen to be in a more favorable position for the year 2025 compared to previous expectations. Concerns regarding the company's near-term profits being slightly lower in order to maintain its core competency of delivering innovative solutions to consumer problems and achieving a quicker market entry than its rivals are advised to be considered non-critical.
Note:
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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.
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