SharkNinja (NYSE:SN) Price Target Raised to $127.00 at JPMorgan Chase & Co.

SharkNinja (NYSE:SN) had its price objective increased by investment analysts at JPMorgan Chase & Co. from $120.00 to $127.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 18.55% from the stock’s current price.

A number of other equities analysts also recently issued reports on SN. Morgan Stanley increased their price target on SharkNinja from $80.00 to $93.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. Canaccord Genuity Group upped their price objective on shares of SharkNinja from $128.00 to $129.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Guggenheim lifted their target price on shares of SharkNinja from $100.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, October 7th. Oppenheimer assumed coverage on shares of SharkNinja in a research report on Tuesday, October 1st. They set an “outperform” rating and a $120.00 price target for the company. Finally, Jefferies Financial Group boosted their price objective on SharkNinja from $115.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $117.28.

SharkNinja Stock Performance

Shares of NYSE SN opened at $107.13 on Thursday. The company has a market capitalization of $14.99 billion, a PE ratio of 42.01, a price-to-earnings-growth ratio of 1.54 and a beta of 1.10. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.95 and a current ratio of 1.67. The company’s fifty day moving average price is $99.79 and its 200 day moving average price is $94.97. SharkNinja has a 1 year low of $45.85 and a 1 year high of $112.93.

SharkNinja (NYSE:SN) last posted its earnings results on Thursday, October 31st. The company reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.17. SharkNinja had a net margin of 7.02% and a return on equity of 32.55%. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same period in the prior year, the company posted $0.95 EPS. The company’s revenue for the quarter was up 33.3% on a year-over-year basis. On average, research analysts predict that SharkNinja will post 3.89 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. State Street Corp lifted its position in SharkNinja by 17.8% during the third quarter. State Street Corp now owns 667,003 shares of the company’s stock worth $72,510,000 after buying an additional 101,020 shares in the last quarter. Tidal Investments LLC increased its stake in shares of SharkNinja by 38.7% in the 3rd quarter. Tidal Investments LLC now owns 19,397 shares of the company’s stock worth $2,109,000 after acquiring an additional 5,416 shares during the last quarter. Lord Abbett & CO. LLC purchased a new position in shares of SharkNinja during the 3rd quarter worth $5,832,000. abrdn plc boosted its position in shares of SharkNinja by 17.8% during the 3rd quarter. abrdn plc now owns 419,660 shares of the company’s stock valued at $45,621,000 after acquiring an additional 63,299 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. purchased a new stake in shares of SharkNinja in the third quarter valued at about $11,942,000. 34.77% of the stock is currently owned by institutional investors and hedge funds.

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.