Movement Alert｜SHARKNINJA INC Intraday Rise 5.17% in Regular Trading, Oppenheimer Sees Continued Double-Digit Growth

Market Focus10-21 03:27

On October 21, SHARKNINJA INC rose 5.17% in Regular Trading, trading at $198.56, with turnover of $136 million.

The move followed a fresh bullish note saying the company’s execution, product innovation, and global expansion momentum are likely to support continued double-digit revenue and earnings growth, with a potential beat-and-raise at its November 4 quarterly results.

The note said third-quarter results should at least match consensus for 14.6% sales growth and EPS of $1.89, while reiterating an outperform rating and a $205 price target. As supporting context, SHARKNINJA INC previously reported second-quarter adjusted EPS of $1.26 on net sales of $1.77 billion, both above expectations, and raised full-year adjusted EPS guidance to $6.45 to $6.55 from $6.00 to $6.10.

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