SharkNinja (NYSE:SN) Price Target Lowered to $136.00 at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. has lowered its price target for SharkNinja from $142.00 to $136.00, while maintaining an "overweight" rating on the stock, suggesting a potential upside of 28.22% from the previous close.
• The average rating for SharkNinja among analysts is "Buy," with a consensus price target of $130.71, reflecting various target prices from other research firms.
• SharkNinja reported a quarter earnings of $0.97 per share, exceeding analysts' expectations, and had a revenue of $1.44 billion, marking a 15.7% increase year-over-year.

SharkNinja (NYSE:SN - Get Free Report) had its price target cut by JPMorgan Chase & Co. from $142.00 to $136.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s target price suggests a potential upside of 28.22% from the stock's previous close.

A number of other equities research analysts have also weighed in on SN. Jefferies Financial Group set a $175.00 target price on shares of SharkNinja in a research note on Monday, June 30th. Canaccord Genuity Group boosted their target price on shares of SharkNinja from $127.00 to $136.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. Oppenheimer boosted their target price on shares of SharkNinja from $120.00 to $135.00 and gave the company an "outperform" rating in a research note on Monday, July 28th. Guggenheim reissued a "buy" rating on shares of SharkNinja in a research report on Friday, August 8th. Finally, Zacks Research raised shares of SharkNinja from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $130.71.

SharkNinja Price Performance

Shares of NYSE SN opened at $106.07 on Tuesday. SharkNinja has a twelve month low of $60.50 and a twelve month high of $128.51. The firm has a market cap of $14.97 billion, a P/E ratio of 28.98, a PEG ratio of 2.01 and a beta of 1.68. The company has a 50 day moving average of $115.86 and a 200 day moving average of $99.09. The company has a quick ratio of 1.20, a current ratio of 1.94 and a debt-to-equity ratio of 0.32.

SharkNinja (NYSE:SN - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.97 earnings per share for the quarter, topping analysts' consensus estimates of $0.78 by $0.19. SharkNinja had a net margin of 8.82% and a return on equity of 28.78%. The company had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same period in the previous year, the business earned $0.71 EPS. The firm's revenue for the quarter was up 15.7% on a year-over-year basis. SharkNinja has set its FY 2025 guidance at 5.000-5.100 EPS. As a group, research analysts expect that SharkNinja will post 4.52 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of SN. World Investment Advisors grew its holdings in SharkNinja by 3.0% in the second quarter. World Investment Advisors now owns 3,312 shares of the company's stock worth $328,000 after purchasing an additional 98 shares during the last quarter. Forum Financial Management LP grew its holdings in shares of SharkNinja by 5.3% during the first quarter. Forum Financial Management LP now owns 2,872 shares of the company's stock valued at $240,000 after buying an additional 144 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of SharkNinja by 77.9% during the first quarter. GAMMA Investing LLC now owns 354 shares of the company's stock valued at $30,000 after buying an additional 155 shares during the last quarter. Xponance Inc. grew its holdings in shares of SharkNinja by 5.4% during the first quarter. Xponance Inc. now owns 4,273 shares of the company's stock valued at $356,000 after buying an additional 220 shares during the last quarter. Finally, California State Teachers Retirement System grew its holdings in shares of SharkNinja by 6.1% during the second quarter. California State Teachers Retirement System now owns 4,438 shares of the company's stock valued at $439,000 after buying an additional 257 shares during the last quarter. Institutional investors own 34.77% of the company's stock.

SharkNinja Company Profile

SharkNinja, Inc, a product design and technology company, engages in the provision of various solutions for consumers worldwide. It offers cleaning appliances, including corded and cordless vacuums, including handheld and robotic vacuums, as well as other floorcare products comprising steam mops, wet/dry cleaning floor products, and carpet extraction; cooking and beverage appliances, such as air fryers, multi-cookers, outdoor and countertop grills and ovens, coffee systems, carbonation, cookware, cutlery, kettles, toasters and bakeware; food preparation appliances comprising blenders, food processors, ice cream makers, and juicers; and beauty appliances, such as hair dryers and stylers, as well as home environment products comprising air purifiers and humidifiers.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.