Jefferies sees SharkNinja shares re-rating back to prior highs this year

Jefferies analyst Randal Konik notes that SharkNinja (SN) sales beat and that all product categories were up, all geographies were up and guidance was up too across the top and bottom line. Management is “best in class,” the innovation flywheel is “humming,” and the opportunities for the company are “very strong,” argues the analyst, who sees shares re-rating back to prior highs this year. The firm reiterates a Buy rating and $175 price target on SharkNinja shares.