What Does Wall Street Think About SharkNinja (SN)?

SharkNinja, Inc. (NYSE:SN) is one of the best large cap stocks with more than 50% upside. On September 30, JPMorgan slashed the price target on SharkNinja, Inc. (NYSE:SN) to $136 from $142, keeping an overweight rating on the shares.

The rating update came after the firm’s meeting with the company’s management, which stated that retailers are continually adopting a cautious stance on inventory.

When coupled with an earlier Amazon Prime Day, this may result in SharkNinja, Inc.’s (NYSE:SN) Q3 sales growth trends to fall in the low double digits, according to the analyst.

As a result, JPMorgan expects SharkNinja, Inc.’s (NYSE:SN) Q3 sales growth to be 11.1% compared to previous guidance of 13.5%. The firm continues to believe that the company is well positioned for the holiday season.

Previously, On September 23, Bank of America Securities analyst Alexander Perry expressed bullish sentiments for SharkNinja, Inc. (NYSE:SN), setting a price target of $140. The analyst based the Buy rating on the company’s strategic initiatives and strong growth potential.

SharkNinja, Inc. (NYSE:SN) is a global technology and product design company with a portfolio spanning 31 household subcategories. It offers products across cleaning, food separation, cooking, home environment, and various other categories. The company operates through the Shark and Ninja brand assortments.

The Shark brand offers a diverse assortment of categories, including robotic and handheld vacuums, steam mops, and dry/wet cleaning floor products. SharkNinja, Inc. (NYSE:SN) also offers beverage and cooking appliances such as coffee systems, air fryers, cookware, ovens, and much more.

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Disclosure: None. This article is originally published at Insider Monkey.