Goldman Sachs Lifts SharkNinja (SN) PT to $126 on Strong Q1, Tariff Mitigation

SharkNinja Inc. (NYSE:SN) is one of the most profitable new stocks to buy now. On July 22, Goldman Sachs increased its price target for SharkNinja to $126 from $112, while maintaining a Buy rating on the shares. The update shows revisions in the firm’s estimates for the US apparel and softlines sector, incorporating current tariff rates. These rates include 30% for China, 20% for Vietnam, 19% for Indonesia, and 10% for the rest of the world.

In Q1 2025, the company reported its net sales increasing by ~15% year-over-year. The company achieved an adjusted gross margin of 50% and adjusted EBITDA of $200 million in Q1 2025. A strategic move includes the successful diversification of its manufacturing capabilities, with an expectation to shift 90% of its US volume outside of China by the end of Q2 2025, and nearly all by the end of 2025.

SharkNinja is actively expanding into new product categories, having launched products like the Slushy frozen drink maker and Cryoglow skincare product. The company is committed to launching at least 25 new products in 2025.

SharkNinja Inc. (NYSE:SN) is a product design and technology company that engages in the provision of various solutions for consumers in the US, China, and internationally.

While we acknowledge the potential of SN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.