BofA Securities analyst Alexander Perry maintains $SharkNinja (SN.US)$ with a buy rating.
According to TipRanks data, the analyst has a success rate of 37.4% and a total average return of -4.7% over the past year.
Furthermore, according to the comprehensive report, the opinions of $SharkNinja (SN.US)$'s main analysts recently are as follows:
The quarter for SharkNinja was notably strong with sales growth of 35%, which is believed to have surpassed even the more optimistic forecasts. Despite the impressive top-line growth, the less significant bottom-line improvement might have left some investors wanting more. However, there is a consensus that as long as the company's extra investments are yielding visible returns, the situation is generally acceptable. Although there is an inclination to have a more positive view on the stock, an opportunity for increased optimism may arise if a compelling catalyst presents itself.
Despite the significant sell-off following recent earnings, there remains a positive outlook on SharkNinja due to the continuation of strong sales momentum. The guidance for Q4 appears to be quite cautious, and the company is perceived to be in a better position for the year 2025 compared to previous forecasts. Concerns regarding the company's decision not to prioritize short-term profit gains over maintaining its core competencies—namely, its capacity for innovative solutions to consumer problems and its ability to reach the market more quickly than its competitors—should not be overemphasized.
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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