SharkNinja (NYSE:SN) Price Target Raised to $223.00

Key Points

• JPMorgan raised SharkNinja’s price target to $223 from $207 while maintaining an “overweight” rating, implying 17.86% upside from the prior close.
• Analyst sentiment remains positive: all 12 covering analysts rate the stock a Buy, with a consensus price target of $189.92.
• SharkNinja reported stronger-than-expected quarterly results, including $1.26 EPS versus the $1.11 estimate and $1.77 billion in revenue, up 22.2% year over year.

SharkNinja (NYSE:SN - Get Free Report) had its price target raised by equities researchers at JPMorgan Chase & Co. from $207.00 to $223.00 in a report issued on Monday, Benzinga reports. The firm currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s target price would suggest a potential upside of 17.86% from the stock's previous close.

Other analysts have also issued reports about the company. Bank of America raised their price objective on SharkNinja from $145.00 to $165.00 and gave the company a "buy" rating in a report on Tuesday, July 7th. TD Cowen increased their price target on shares of SharkNinja from $160.00 to $205.00 and gave the stock a "buy" rating in a report on Friday, August 7th. Guggenheim increased their target price on SharkNinja from $175.00 to $210.00 and gave the stock a "buy" rating in a research report on Thursday, August 6th. Wall Street Zen raised shares of SharkNinja from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Finally, Oppenheimer boosted their price target on shares of SharkNinja from $145.00 to $170.00 and gave the stock an "outperform" rating in a research report on Monday, July 13th. Twelve investment analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $189.92.

SharkNinja Trading Up 1.4%

NYSE SN traded up $2.70 on Monday, hitting $189.21. 467,571 shares of the stock were exchanged, compared to its average volume of 1,829,557. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.45 and a current ratio of 2.08. SharkNinja has a 52-week low of $83.12 and a 52-week high of $196.35. The firm has a market capitalization of $26.65 billion, a P/E ratio of 38.64, a P/E/G ratio of 2.21 and a beta of 1.27. The stock has a fifty day moving average price of $179.74 and a two-hundred day moving average price of $148.08.

SharkNinja (NYSE:SN - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.15. The company had revenue of $1.77 billion during the quarter, compared to analysts' expectations of $1.65 billion. SharkNinja had a net margin of 10.06% and a return on equity of 27.79%. The firm's quarterly revenue was up 22.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.97 EPS. SharkNinja has set its FY 2026 guidance at 6.450-6.550 EPS. Research analysts forecast that SharkNinja will post 5.89 EPS for the current fiscal year.

Insiders Place Their Bets

In other SharkNinja news, insider Neil Shah sold 50,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $186.36, for a total value of $9,318,000.00. Following the transaction, the insider directly owned 497,220 shares of the company's stock, valued at approximately $92,661,919.20. This trade represents a 9.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 100,000 shares of company stock valued at $18,613,911 in the last quarter. Corporate insiders own 40.80% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. WINTON GROUP Ltd acquired a new position in shares of SharkNinja in the second quarter valued at about $2,463,000. Saudi Central Bank acquired a new position in SharkNinja during the 2nd quarter valued at about $908,000. Raiffeisen Bank International AG grew its position in SharkNinja by 170.8% in the 2nd quarter. Raiffeisen Bank International AG now owns 216,632 shares of the company's stock worth $31,711,000 after purchasing an additional 136,632 shares in the last quarter. Tidal Investments LLC lifted its stake in SharkNinja by 25.1% in the second quarter. Tidal Investments LLC now owns 73,873 shares of the company's stock valued at $11,249,000 after purchasing an additional 14,803 shares during the last quarter. Finally, Arizona State Retirement System bought a new position in SharkNinja in the 2nd quarter worth approximately $3,717,000. Institutional investors own 34.77% of the company's stock.

About SharkNinja

SharkNinja, Inc is a global product design and technology company that develops and markets consumer appliances under the Shark and Ninja brands. Its products are designed for everyday household tasks, with an emphasis on convenience, performance and accessible innovation.

The company's portfolio includes vacuum cleaners and floor-care products, air purifiers, cooking appliances, blenders and food-preparation systems, coffee and beverage products, hair-care devices, and other home appliances.

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