JPMorgan has revised its price target for SharkNinja (SN, Financial), lowering it from $139 to $98, while maintaining an Overweight rating on the shares. This adjustment comes as part of the bank's outlook for the first quarter concerning the beverage, household, and personal care products sectors.
Recent trends indicate a slowdown in consumption, especially in developed regions like the United States and Western Europe, influencing the adjustment. Although the upcoming first-quarter earnings might not significantly impact the valuation, JPMorgan anticipates that investors will focus more on forward-looking statements and projections.
The sector involving SharkNinja is generally considered more resilient against tariffs compared to many other stocks. However, the firm notes that some companies within this sector have sourcing connections to regions experiencing significant tariff impacts, notably China.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 10 analysts, the average target price for SharkNinja Inc (SN, Financial) is $127.14 with a high estimate of $175.00 and a low estimate of $108.00. The average target implies an upside of 74.62% from the current price of $72.81. More detailed estimate data can be found on the SharkNinja Inc (SN) Forecast page.
Based on the consensus recommendation from 12 brokerage firms, SharkNinja Inc's (SN, Financial) average brokerage recommendation is currently 1.7, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
