SharkNinja (NYSE:SN – Get Free Report) had its target price raised by investment analysts at TD Cowen from $160.00 to $205.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. TD Cowen’s target price would suggest a potential upside of 10.51% from the company’s previous close.
A number of other analysts have also commented on SN. The Goldman Sachs Group reissued a “buy” rating and set a $204.00 price objective on shares of SharkNinja in a report on Thursday. Wall Street Zen lowered SharkNinja from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Bank of America lifted their target price on SharkNinja from $145.00 to $165.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. Piper Sandler reiterated an “overweight” rating and set a $200.00 price target (up from $181.00) on shares of SharkNinja in a report on Thursday. Finally, Guggenheim increased their price target on SharkNinja from $175.00 to $210.00 and gave the company a “buy” rating in a research report on Thursday. Eleven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $185.82.
Get Our Latest Research Report on SharkNinja
SharkNinja Stock Up 3.1%
SharkNinja (NYSE:SN – Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.15. SharkNinja had a net margin of 10.06% and a return on equity of 27.79%. The company had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same quarter in the prior year, the business posted $0.97 EPS. The firm’s revenue was up 22.2% compared to the same quarter last year. SharkNinja has set its FY 2026 guidance at 6.450-6.550 EPS. On average, analysts expect that SharkNinja will post 5.77 EPS for the current fiscal year.
Institutional Investors Weigh In On SharkNinja
Several institutional investors and hedge funds have recently added to or reduced their stakes in SN. Wealth High Governance Capital Ltda bought a new position in shares of SharkNinja during the 4th quarter valued at approximately $17,072,000. Strs Ohio raised its holdings in shares of SharkNinja by 23.8% in the 4th quarter. Strs Ohio now owns 201,795 shares of the company’s stock worth $22,581,000 after purchasing an additional 38,815 shares during the period. Nicholas Company Inc. raised its holdings in shares of SharkNinja by 30.3% in the 4th quarter. Nicholas Company Inc. now owns 116,041 shares of the company’s stock worth $12,985,000 after purchasing an additional 26,962 shares during the period. K.J. Harrison & Partners Inc purchased a new position in SharkNinja in the fourth quarter valued at approximately $1,231,000. Finally, Raiffeisen Bank International AG lifted its stake in SharkNinja by 33.3% in the fourth quarter. Raiffeisen Bank International AG now owns 80,000 shares of the company’s stock valued at $9,095,000 after purchasing an additional 20,000 shares during the last quarter. Hedge funds and other institutional investors own 34.77% of the company’s stock.
About SharkNinja
SharkNinja (NYSE: SN) is a leading designer, marketer and distributor of innovative small home appliances under the Shark® and Ninja® brands. The company’s product portfolio spans floorcare, cleaning and home environment products, including upright, cordless and robotic vacuum cleaners, steam mops and air purifiers. In the kitchen category, SharkNinja offers a broad range of cooking and food preparation solutions, such as countertop ovens, air fryers, multicookers, blenders and coffee makers. Its products are positioned to deliver user-friendly performance, innovative features and durable design for everyday household tasks.
Founded in 1998 as Euro-Pro Operating LLC, the company initially focused on the European market before expanding its presence in North America.
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