SharkNinja initiated with a Buy at Goldman Sachs

Goldman Sachs analyst Brooke Roach initiated coverage of SharkNinja with a Buy rating and $52 price target. In a “choppy” macro environment, wSharkNinja’s innovation-led market share growth story is attractive, the analyst tells investors in a research note. The firm sees potential for growth across categories and geographies, bolstered by margin expansion from easing cost pressures. It says SharkNinja will also be a key beneficiary of easing inventory destocking headwinds in the core U.S. discretionary goods market.