Goldman Sachs has revised its price target for SharkNinja (SN, Financial), lowering it from $133 to $100 while maintaining a Buy rating for the stock. The adjustment reflects a more cautious outlook for the U.S. apparel and softlines sector, influenced by broader macroeconomic conditions.
The investment bank also revised its forecast for U.S. GDP growth, reducing the expected increase from 2.5% in 2024 to 0.5% in 2025 on a Q4-to-Q4 basis. This adjustment is accompanied by an increased probability of a recession, now estimated at 45% by Goldman’s economists.
Goldman Sachs has highlighted several factors contributing to a potential downside risk to earnings, including increased market volatility, escalating geopolitical tensions, and rising tariff rates. Despite these concerns, the firm has not fully integrated a recession scenario into its current estimates.
