SharkNinja (NYSE:SN) Price Target Raised to $145.00

SharkNinja (NYSE:SN) had its price target increased by Bank of America from $140.00 to $145.00 in a report issued on Thursday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other equities analysts also recently weighed in on the stock. TD Cowen reissued a “buy” rating on shares of SharkNinja in a research note on Wednesday, January 14th. Cantor Fitzgerald reissued an “outperform” rating on shares of SharkNinja in a research note on Wednesday, December 17th. Morgan Stanley set a $110.00 price target on SharkNinja in a research note on Monday, October 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of SharkNinja in a research report on Monday, December 29th. Finally, JPMorgan Chase & Co. upped their price objective on shares of SharkNinja from $126.00 to $142.00 and gave the company an “overweight” rating in a report on Friday, January 16th. Nine research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $137.67.

SharkNinja Stock Performance

Shares of SN stock opened at $123.42 on Thursday. The stock has a market capitalization of $17.42 billion, a PE ratio of 30.47, a PEG ratio of 1.92 and a beta of 1.41. The business’s 50 day simple moving average is $110.56 and its 200 day simple moving average is $108.29. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.96 and a quick ratio of 1.26. SharkNinja has a one year low of $60.50 and a one year high of $129.19.

Hedge Funds Weigh In On SharkNinja

A number of hedge funds have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. bought a new position in SharkNinja during the 3rd quarter valued at approximately $29,000. Larson Financial Group LLC increased its stake in shares of SharkNinja by 64.3% during the third quarter. Larson Financial Group LLC now owns 322 shares of the company’s stock valued at $33,000 after buying an additional 126 shares during the period. New York State Teachers Retirement System bought a new position in shares of SharkNinja during the second quarter valued at approximately $43,000. Sunbelt Securities Inc. purchased a new stake in SharkNinja in the third quarter worth $46,000. Finally, TFC Financial Management Inc. bought a new stake in SharkNinja in the third quarter valued at $55,000. Institutional investors and hedge funds own 34.77% of the company’s stock.

SharkNinja Company Profile

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.