TD Cowen Issues Positive Forecast for SharkNinja (NYSE:SN) Stock Price

SharkNinja (NYSE:SN) had its target price hoisted by TD Cowen from $160.00 to $205.00 in a research note released on Friday morning,Benzinga reports. The firm currently has a buy rating on the stock.

SN has been the topic of several other reports. Weiss Ratings upgraded shares of SharkNinja from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. The Goldman Sachs Group reiterated a “buy” rating and set a $204.00 target price on shares of SharkNinja in a research report on Thursday. Jefferies Financial Group reiterated a “buy” rating on shares of SharkNinja in a research note on Wednesday, May 6th. Bank of America increased their price objective on SharkNinja from $145.00 to $165.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Finally, Guggenheim lifted their target price on shares of SharkNinja from $175.00 to $210.00 and gave the company a “buy” rating in a research report on Thursday. Eleven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $185.82.

SharkNinja Stock Performance

Shares of SharkNinja stock opened at $185.51 on Friday. The firm has a market capitalization of $26.13 billion, a price-to-earnings ratio of 37.86, a PEG ratio of 2.36 and a beta of 1.21. SharkNinja has a one year low of $83.12 and a one year high of $187.63. The business has a 50-day simple moving average of $146.37 and a 200 day simple moving average of $125.88. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.08 and a quick ratio of 1.62.

SharkNinja (NYSE:SN) last issued its earnings results on Wednesday, August 5th. The company reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.15. SharkNinja had a return on equity of 27.79% and a net margin of 10.06%.The company had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.65 billion. During the same period last year, the business earned $0.97 EPS. SharkNinja’s quarterly 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, research analysts anticipate that SharkNinja will post 5.77 earnings per share for the current fiscal year.

Insider Buying and Selling

In other SharkNinja news, insider Neil B. Shah sold 29,667 shares of the stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $186.76, for a total value of $5,540,608.92. Following the completion of the sale, the insider owned 61,099 shares in the company, valued at approximately $11,410,849.24. This trade represents a 32.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 40.80% of the stock is owned by insiders.

Hedge Funds Weigh In On SharkNinja

A number of institutional investors have recently bought and sold shares of SN. Utah Retirement Systems boosted its holdings in SharkNinja by 2.3% in the fourth quarter. Utah Retirement Systems now owns 4,417 shares of the company’s stock worth $494,000 after purchasing an additional 98 shares during the last quarter. World Investment Advisors increased its position in SharkNinja by 4.6% in the first quarter. World Investment Advisors now owns 2,343 shares of the company’s stock worth $248,000 after buying an additional 103 shares in the last quarter. Xponance LLC increased its holdings in SharkNinja by 1.9% in the 4th quarter. Xponance LLC now owns 5,584 shares of the company’s stock worth $625,000 after acquiring an additional 106 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of SharkNinja by 16.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 864 shares of the company’s stock worth $97,000 after purchasing an additional 123 shares in the last quarter. Finally, Larson Financial Group LLC raised its holdings in 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 acquiring an additional 126 shares during the period. 34.77% of the stock is owned by institutional investors.

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.