Bank of America has identified the recent pullback in SharkNinja's (SN, Financial) stock as a favorable buying opportunity for investors. Analyst Alexander Perry highlighted in a client report that SharkNinja is expected to maintain robust short-term growth in both domestic and international markets.
Perry has set a target price of $140 for the stock, suggesting a potential upside of 55.1% from its recent closing price. He has assigned a "buy" rating to the kitchen appliance manufacturer's stock, citing the recent decline as an attractive entry point. SharkNinja's stock has experienced a decline of approximately 14% in March, contributing to an overall drop of more than 7% for the year 2025.
The analyst anticipates that SharkNinja's domestic sales growth in the first quarter will surpass Wall Street's expectations. Additionally, the introduction of new products this year and opportunities for international market expansion are expected to drive the company's stock price upward.
