Jefferies has raised its price target on SharkNinja (NYSE:SN) to $200.00 from $175.00 and kept a Buy rating on the shares, the firm said on Wednesday. The revised target represents meaningful upside relative to the stock's then-current trading level of $127.60, with the shares trading close to a 52-week high of $129.19.
The research house attributed the higher valuation target to a strengthened confidence in SharkNinja's growth algorithm. According to InvestingPro figures cited by Jefferies, the company recorded revenue growth of 18.87% over the past twelve months and carries a market capitalization of $18.05 billion.
Jefferies pointed to positive momentum across what it describes as the company's three growth pillars. In particular, the firm said international expansion is scaling faster than previously anticipated, while U.S. growth has continued to post double-digit percentage gains despite ongoing consumer spending pressures.
Valuation metrics referenced by Jefferies show the stock trading at a price-to-earnings ratio of 31.54. InvestingPro framed that P/E as low relative to expected near-term earnings growth, and reported a PEG ratio of 0.49.
Beyond top-line trends, Jefferies highlighted several operational and capital allocation strengths supporting its more bullish stance. The firm emphasized continued margin discipline, improving operating leverage and the company's practice of returning capital to shareholders as contributors to the upgraded outlook. Jefferies also flagged potential inclusion in a market index as an incremental catalyst that could provide further support to the stock.
Those comments arrive alongside a robust set of reported results for the most recent quarter. SharkNinja disclosed fourth-quarter 2025 earnings per share of $1.93, a result that was 77.06% above the consensus forecast of $1.09. Revenue for the quarter came in at $2.1 billion, ahead of an anticipated $1.5 billion, underscoring a stronger-than-expected operating performance for the period.
Despite the beat on both earnings and revenue, the stock registered a decline in pre-market trading. While the share movement was negative in early trading, analysts and investors may focus on the company's reported financials and the operational factors Jefferies cited in support of its higher target.
What this means
- Jefferies' target increase to $200 reflects heightened conviction in SharkNinja's growth algorithm and execution across its strategic initiatives.
- Recent quarter results showed significant outperformance versus expectations on both EPS and revenue, reinforcing the positive assessment from the research firm.
Context and caveats
- Valuation appears elevated on a simple P/E basis but is presented by InvestingPro as modest relative to expected earnings growth, shown by a low PEG ratio.
- Short-term share price reactions can diverge from quarterly fundamentals, as evidenced by the pre-market decline despite strong reported results.