JPMorgan Chase & Co. Forecasts Strong Price Appreciation for SharkNinja (NYSE:SN) Stock

SharkNinja (NYSE:SN) had its price objective upped by research analysts at JPMorgan Chase & Co. from $146.00 to $170.00 in a research report issued on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 10.00% from the stock’s current price.

Several other brokerages have also recently commented on SN. Weiss Ratings restated a “hold (c+)” rating on shares of SharkNinja in a report on Wednesday, July 8th. Piper Sandler initiated coverage on SharkNinja in a report on Tuesday, June 9th. They issued an “overweight” rating and a $150.00 price target for the company. Jefferies Financial Group reiterated a “buy” rating on shares of SharkNinja in a research report on Wednesday, May 6th. Oppenheimer upped their price target on shares of SharkNinja from $145.00 to $170.00 and gave the stock an “outperform” rating in a research report on Monday. Finally, Guggenheim increased their price objective on shares of SharkNinja from $145.00 to $175.00 and gave the stock a “buy” rating in a report on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $162.30.

SharkNinja Stock Performance

NYSE:SN opened at $154.54 on Thursday. The stock has a market capitalization of $21.87 billion, a P/E ratio of 31.16, a price-to-earnings-growth ratio of 2.06 and a beta of 1.22. The company has a current ratio of 2.38, a quick ratio of 1.62 and a debt-to-equity ratio of 0.25. SharkNinja has a 1 year low of $83.12 and a 1 year high of $156.87. The firm has a 50 day moving average of $131.20 and a 200-day moving average of $121.43.

SharkNinja (NYSE:SN) last released its quarterly earnings results on Wednesday, May 6th. The company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.08. SharkNinja had a return on equity of 29.07% and a net margin of 10.70%.The business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same period in the prior year, the company earned $0.87 EPS. SharkNinja’s revenue for the quarter was up 15.6% on a year-over-year basis. SharkNinja has set its FY 2026 guidance at 6.000-6.10 EPS. As a group, sell-side analysts anticipate that SharkNinja will post 5.76 EPS for the current fiscal year.

Insider Activity

In other news, CFO Adam Quigley sold 6,923 shares of the firm’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $112.97, for a total value of $782,091.31. Following the transaction, the chief financial officer owned 1,750 shares of the company’s stock, valued at approximately $197,697.50. This trade represents a 79.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 40.80% of the company’s stock.

Hedge Funds Weigh In On SharkNinja

Several large investors have recently bought and sold shares of SN. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in SharkNinja during the 1st quarter worth $27,000. Transamerica Financial Advisors LLC lifted its stake in shares of SharkNinja by 459.3% in the 4th quarter. Transamerica Financial Advisors LLC now owns 302 shares of the company’s stock valued at $34,000 after purchasing an additional 248 shares during the period. Larson Financial Group LLC lifted its stake in shares of SharkNinja by 64.3% in the 3rd quarter. Larson Financial Group LLC now owns 322 shares of the company’s stock valued at $33,000 after purchasing an additional 126 shares during the period. Los Angeles Capital Management LLC bought a new position in shares of SharkNinja in the 4th quarter worth $38,000. Finally, Sunbelt Securities Inc. bought a new position in shares of SharkNinja in the 3rd quarter worth $46,000. 34.77% of the stock is currently owned by institutional investors and hedge funds.

SharkNinja Company Profile

SharkNinja (NYSE: SN) is a leading designer, marketer and distributor of innovative small home appliances under the Shark® and Ninja® brands. The company’s product portfolio spans floorcare, cleaning and home environment products, including upright, cordless and robotic vacuum cleaners, steam mops and air purifiers. In the kitchen category, SharkNinja offers a broad range of cooking and food preparation solutions, such as countertop ovens, air fryers, multicookers, blenders and coffee makers. Its products are positioned to deliver user-friendly performance, innovative features and durable design for everyday household tasks.

Founded in 1998 as Euro-Pro Operating LLC, the company initially focused on the European market before expanding its presence in North America.