SharkNinja price target raised to $74 from $59 at Goldman Sachs

Goldman Sachs raised the firm’s price target on SharkNinja to $74 from $59 and keeps a Buy rating on the shares. The analyst remains constructive on SharkNinja’s “innovation-led market share growth story,” particularly in comparison to other stocks in the group. The firms sees upside to the company’s fiscal 2024 revenue guidance range as a result of incremental distribution across select retailers and categories and continued category expansion.