Jefferies raised the firm’s price target on SharkNinja to $100 from $75 and keeps a Buy rating on the shares. Following Q1 results that “beat handily on top and bottom lines,” the firm is raising its FY24 and FY25 adjusted EBITDA estimates. The firm, which contends that SharkNinja’s “industry-leading margins are both predictable and stable,” sees its reliability as a consistent grower supporting further multiple expansion and a higher valuation, the analyst tells investors.