BofA Securities' Alexander Perry initiated coverage on SharkNinja with a Buy rating and a $90.00 price target. Perry highlighted the company's robust growth potential, driven by its data-driven innovation and market expansion. SharkNinja's plans to launch 25 new products annually, along with expanding shelf space at major retailers like Amazon, Walmart, and Costco, are expected to bolster its market share.
For fiscal year 2024, SharkNinja expects:
Net sales to increase 10.0% to 12.0% and Adjusted Net Sales to increase between 12.0% and 14.0% compared to the prior
As of April 9, 2024, three stocks in the consumer discretionary sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.