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

SharkNinja (NYSE:SN) had its price objective upped by analysts at Piper Sandler from $200.00 to $234.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Piper Sandler‘s price target points to a potential upside of 19.66% from the company’s current price.

A number of other brokerages have also commented on SN. Wall Street Zen upgraded shares of SharkNinja from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $204.00 price objective on shares of SharkNinja in a research note on Thursday, August 6th. TD Cowen lifted their price objective on shares of SharkNinja from $205.00 to $230.00 and gave the company a “buy” rating in a report on Tuesday. Oppenheimer boosted their target price on shares of SharkNinja from $145.00 to $170.00 and gave the stock an “outperform” rating in a research report on Monday, July 13th. Finally, Bank of America upped their target price on shares of SharkNinja from $145.00 to $165.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th. Twelve research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $194.84.

SharkNinja Stock Down 1.0%

NYSE SN traded down $1.98 on Wednesday, hitting $195.55. 87,245 shares of the company were exchanged, compared to its average volume of 1,803,567. The stock has a fifty day moving average of $181.49 and a 200-day moving average of $141.48. SharkNinja has a 12 month low of $83.12 and a 12 month high of $200.38.

SharkNinja (NYSE:SN) last released its quarterly earnings data on Wednesday, August 5th. The company reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.15. The company had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same period last year, the company earned $0.97 EPS. SharkNinja’s revenue for the quarter was up 22.2% compared to the same quarter last year. SharkNinja has set its FY 2026 guidance at 6.450-6.550 EPS. As a group, sell-side analysts forecast that SharkNinja will post 5.89 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other SharkNinja news, insider Neil Shah sold 50,000 shares of the company’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $186.36, for a total value of $9,318,000.00. Following the completion of the sale, the insider directly owned 497,220 shares of the company’s stock, valued at approximately $92,661,919.20. This represents a 9.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold 100,000 shares of company stock worth $18,613,911 in the last 90 days. 40.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On SharkNinja

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. WPG Advisers LLC increased its position in shares of SharkNinja by 494.1% during the 3rd quarter. WPG Advisers LLC now owns 1,004 shares of the company’s stock valued at $181,000 after purchasing an additional 835 shares during the last quarter. Pinnacle Wealth Planning Services Inc. raised its stake in shares of SharkNinja by 4.9% during the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 1,576 shares of the company’s stock worth $284,000 after purchasing an additional 74 shares during the period. North Dakota State Investment Board boosted its holdings in shares of SharkNinja by 3.5% in the 3rd quarter. North Dakota State Investment Board now owns 2,563 shares of the company’s stock worth $462,000 after buying an additional 87 shares during the last quarter. Generali Asset Management SPA SGR purchased a new position in shares of SharkNinja in the 3rd quarter worth about $476,000. Finally, Latitude Advisors LLC bought a new position in SharkNinja during the third quarter valued at about $37,000. Hedge funds and other institutional investors own 34.77% of the company’s stock.

SharkNinja Company Profile

SharkNinja, Inc is a global product design and technology company that develops and markets consumer appliances under the Shark and Ninja brands. Its products are designed for everyday household tasks, with an emphasis on convenience, performance and accessible innovation.

The company’s portfolio includes vacuum cleaners and floor-care products, air purifiers, cooking appliances, blenders and food-preparation systems, coffee and beverage products, hair-care devices, and other home appliances.