Analyst Megan Alexander of Morgan Stanley maintained a Hold rating on SharkNinja, Inc. (SN – Research Report), retaining the price target of $85.00.
Megan Alexander’s rating is based on a combination of factors that influence SharkNinja, Inc.’s current market position and future outlook. The company reported a significant increase in earnings per share for the first quarter, with sales rising approximately 15% year-over-year, surpassing the consensus estimate of 10%. Despite this positive performance, the raised full-year guidance remains a focal point, as it is uncertain whether it accounts for the additional tariffs on Chinese imports. SharkNinja has previously factored in a 10% tariff, but the current situation involves a 145% tariff, which could pose challenges in the future.
While the company plans to shift its production to other Southeast Asian countries to mitigate tariff impacts, it will still face a 10% tariff on most U.S. imports. Investor sentiment has been optimistic regarding SharkNinja’s ability to navigate a volatile macroeconomic environment, and the recent results seem to support this confidence. However, Megan Alexander prefers to maintain a Hold rating until more details are available, particularly concerning the company’s strategy to address the tariff challenges and its long-term growth prospects.
Alexander covers the Consumer Cyclical sector, focusing on stocks such as Hasbro, Vail Resorts, and SharkNinja, Inc.. According to TipRanks, Alexander has an average return of 5.7% and a 60.00% success rate on recommended stocks.