SharkNinja price target boosted by Bank of America on improving sales trends

Bank of America raised its price target on SharkNinja (SN) to $165 from $145 and reiterated a Buy rating after stronger domestic sales improved its Q2 sell-through estimates. The update is incremental but supportive of near-term demand expectations, which should help underpin sentiment toward the stock.

Analysis

Bank of America raised its price target on SharkNinja (SN) to $165 from $145 and reiterated a Buy rating after stronger domestic sales improved its Q2 sell-through estimates. The update is incremental but supportive of near-term demand expectations, which should help underpin sentiment toward the stock.