SharkNinja started with Outperform on earnings growth at William Blair

William Blair last night initiated coverage of SharkNinja with an Outperform rating and no price target. SharkNinja is a dual-brand portfolio specializing in the design and innovation of household products and small appliances, the analyst tells investors in a research note. The firm says Shark provides cutting-edge solutions in the floor care, home environment, and beauty space, while Ninja offers a wide assortment of small kitchen appliance. It expects a “sustainable demand algorithm” and flexible operating model to support ongoing share gains and strong earnings growth in the long term.