SharkNinja initiated with a Buy at Jefferies

Jefferies initiated coverage of SharkNinja with a Buy rating and $67 price target. The company is well positioned to grow its market share across new and existing categories given its global “rapid innovation and commercialization flywheel model,” the analyst tells investors in a research note. With its “fast-growing” brands and international penetration, SharkNinja should see significant sales expansion opportunities along with an “enviable and rising margin profile,” contends Jefferies.