Buy this home appliance stock as market share increases and margins improve, the firm says.
Jefferies thinks SharkNinja's brand recognition can help the stock nearly double in value. The firm initiated coverage of SharkNinja with a buy rating on Monday with a $67 per-share price target. Jefferies' forecast implies more than 91% upside from Friday's $35.02 close. Shares of the company debuted last month. SharkNinja is the company behind the Ninja Blast blender and Shark vacuum cleaners. SN YTD mountain SharkNinja stock.
margin boost for F'23 , primarily as a result of normalized gross margins supported by favorable freight." — CNBC's Michael Bloom contributed to this report.
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