Guggenheim Forecasts Strong Price Appreciation for SharkNinja (NYSE:SN) Stock

SharkNinja (NYSE:SN) had its price objective lifted by analysts at Guggenheim from $120.00 to $140.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Guggenheim’s target price suggests a potential upside of 24.02% from the company’s current price.

A number of other brokerages also recently weighed in on SN. Oppenheimer boosted their price objective on shares of SharkNinja from $112.00 to $130.00 and gave the company an “outperform” rating in a research report on Monday. TD Cowen assumed coverage on SharkNinja in a research note on Wednesday, December 10th. They issued a “buy” rating and a $135.00 target price for the company. Cowen assumed coverage on SharkNinja in a research report on Wednesday, December 10th. They set a “buy” rating on the stock. Canaccord Genuity Group boosted their price objective on SharkNinja from $136.00 to $138.00 and gave the company a “buy” rating in a research report on Friday, November 7th. Finally, Wall Street Zen raised SharkNinja from a “hold” rating to a “buy” rating in a research report on Saturday, December 13th. Nine investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, SharkNinja has a consensus rating of “Moderate Buy” and a consensus target price of $133.25.

SharkNinja Stock Down 0.9%

SN stock opened at $112.88 on Tuesday. 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 1-year low of $60.50 and a 1-year high of $128.51. The firm has a fifty day moving average price of $96.03 and a two-hundred day moving average price of $103.59. The firm has a market cap of $15.93 billion, a price-to-earnings ratio of 27.87, a PEG ratio of 2.06 and a beta of 1.46.

Institutional Trading of SharkNinja

Several large investors have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. acquired a new position in SharkNinja during the 3rd quarter worth $29,000. Larson Financial Group LLC raised 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 purchasing an additional 126 shares in the last quarter. SVB Wealth LLC acquired a new stake in SharkNinja in the first quarter worth about $36,000. New York State Teachers Retirement System bought a new position in SharkNinja in the 2nd quarter valued at about $43,000. Finally, Sunbelt Securities Inc. acquired a new position in SharkNinja during the 3rd quarter valued at about $46,000. 34.77% of the stock is currently owned by institutional investors and hedge funds.

About SharkNinja

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.