SharkNinja Stock Plunges 11.23% Amid Earnings Concerns

On April 3, 2025, SharkNinja's stock experienced a significant drop of 11.23% in pre-market trading, raising concerns among investors about the company's recent performance and future prospects.

Analysts have been closely monitoring SharkNinja's stock, with Jefferies reiterating a Buy rating and setting a price target of $175.00. This optimistic outlook is supported by a consensus rating of "Strong Buy" from nine analysts, who predict a 12-month stock price forecast of $122.50, indicating a potential increase from current levels.

Despite the recent decline, SharkNinja's earnings growth has been impressive, with a 162.6% increase over the past year. Analysts expect this trend to continue, forecasting an 18.39% annual growth in earnings. However, there are concerns about a potential year-over-year decline of 28.3% in earnings per share, which could impact investor sentiment.

SharkNinja's stock has seen significant institutional interest, with Norges Bank recently purchasing a new position in the company. This move, along with the consensus rating of "Moderate Buy" and an average price target of $122.50, suggests that institutional investors remain bullish on the company's prospects.