SharkNinja Likely to Keep Delivering Double-Digit Growth, Oppenheimer Says

MT Newswires Live10-20 23:38

SharkNinja's (SN) solid execution, innovation, and global momentum will likely continue to drive double-digit top- and bottom-line growth, Oppenheimer said in a note Tuesday.

The report said the firm is expected to deliver a beat and raise at its Q3 results on Nov. 4. It said the results should at least be in line with consensus sales growth of 14.6% and EPS of $1.89.

Still, Oppenheimer analysts said they have less confidence on the print following the stock's major outperformance lately.

"We would take advantage of any profit taking should it materialize," the report said.

Oppenheimer has an outperform rating and a $205 price target, saying that its growth prospects warrant a premium valuation.

Price: 195.12, Change: +6.18, Percent Change: +3.27

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