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 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 for SharkNinja was notably strong with a sales increase of 35%, potentially surpassing even the more optimistic forecasts. While the conversion of these impressive sales figures into net earnings may not have fully met expectations, there is a general satisfaction as long as the company's additional investments are yielding visible returns. Despite a favorable disposition towards the stock, a more bullish stance was anticipated following a potential market pullback. At present, there remains a cautious stance, with an eye out for a catalyst that could shift this perspective.
Despite the sharp selloff after earnings, analysts maintain a favorable outlook on SharkNinja, citing its continued strong sales momentum and conservative guidance for Q4. The company is also perceived to be in a better position for the year 2025 compared to previous expectations. Analysts suggest that investors should not be overly concerned with the company's near-term profit figures, as its ability to consistently deliver consumer problem-solving innovations and its speed to market are considered its core strengths.
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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