WMT - SharkNinja Emerges As A Strong Buy: Analyst Forecasts Growth Amid Strategic Innovations | Benzinga
BofA Securities analyst Alexander Perry initiated coverage on the shares of Sharkninja Inc (NYSE:SN) with a Buy rating and announced a price target of $90.00.
In less than three decades, the company has become a leading household brand and the analyst thinks it is poised for further growth.
The analyst expects SharkNinja’s data driven approach to innovation to lead to more market share gains in new and existing categories and shelf space/SKU expansion at retailers, including Amazon.com Inc (NASDAQ:AMZN), Walmart Inc (NYSE:WMT) and Costco Wholesale Corporation (NASDAQ:COST).
The analyst noted that SharkNinja continues to gain share in 6 of its 7 top categories, according to Nielsen ...