
SharkNinja Inc (SN) Stock Forecast & Price Target
SharkNinja Inc (SN) Analyst Ratings
Bulls say
SharkNinja Inc. has demonstrated impressive financial growth, with adjusted net sales increasing from $3.7 billion to $5.7 billion from 2018 to 2024, achieving a compound annual growth rate (CAGR) of over 20%, while adjusted gross margin has expanded to 49%. The company's Beauty and Home Environment category experienced a significant year-over-year growth of 26% in Q1, driven by the success of new products such as the CryoGlow skincare product and the FlexBreeze fans and air purifiers. Additionally, SharkNinja's robust digital presence is reflected in its more than doubled web traffic, averaging approximately 1.65 million visitors per month, which points to strong consumer engagement and potential for continued market share gains.
Bears say
SharkNinja Inc. faces a negative outlook primarily due to significant declines in product sales, exemplified by a 64% decrease at HELE and 61% at NWL, alongside a marked reduction in the popularity of their SN FrostVault coolers. The company is exposed to various risks, including increased competition, a highly promotional environment, and potential difficulties in innovation, which could adversely impact its sales and profits. Furthermore, the dependency on a limited number of key customers for growth raises concerns, as any failure to maintain relationships or service levels could lead to substantial business losses.
This aggregate rating is based on analysts' research of SharkNinja Inc and is not a guaranteed prediction by Public.com or investment advice.
SharkNinja Inc (SN) Analyst Forecast & Price Prediction
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