Canaccord Raises SharkNinja (SN) PT to $138, Maintains Buy on Strong Q3 Performance, Optimistic Holiday Outlook
Group 1 - SharkNinja Inc. is considered a cheap US stock to buy, with Canaccord raising its price target to $138 from $136 while maintaining a Buy rating due to strong Q3 performance and an optimistic outlook for Q4 [1][3] - In Q3 2025, SharkNinja reported a 14.3% year-over-year increase in net sales, totaling $1.63 billion, marking the 10th consecutive quarter of double-digit organic growth [2][3] - International sales surged by 25.8% to reach $530 million, driven primarily by markets in the UK and Mexico, along with successful new product launches [3] Group 2 - SharkNinja forecasts a 16% net sales growth for Q4, driven by excitement for the holiday season [3]