As previously reported, BofA initiated coverage of SharkNinja (SN) with a Buy rating and $90 price target, calling the company a “disruptive innovator” that it sees being poised to win more market share. The firm expects SharkNinja’s data driven approach to innovation to lead to gains in new and existing categories and shelf space expansion at retailers including Amazon (AMZN), Walmart (WMT) and Costco (COST), the analyst tells investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SN: