Canaccord Raises SharkNinja (SN) PT to $138, Maintains Buy on Strong Q3 Performance, Optimistic Holiday Outlook

SharkNinja Inc. (NYSE:SN) is one of the cheap US stocks to buy according to analysts. On November 7, Canaccord analyst Brian McNamara raised the firm’s price target on SharkNinja to $138 from $136 and kept a Buy rating on the shares. Despite a struggling US market, the company reported a strong Q3 2025. This performance, combined with an optimistic outlook for Q4, coming from the excitement for the holiday season, led the firm to raise its 2025 financial guidance once again.

In its Q3 earnings report, SharkNinja achieved a 14.3% year-over-year increase in net sales, which totaled $1.63 billion. This performance marks the 10th consecutive quarter of double-digit organic growth for the company, which was supported by the company’s international segments.

The international sales alone surged by 25.8% to reach $530 million, primarily from the UK and Mexico. New product launches, such as the Shark FacialPro Glow, were also cited as major drivers of exceptional consumer engagement. Looking ahead, SharkNinja forecasts a 16% net sales growth for Q4.

SharkNinja Inc. (NYSE:SN) is a product design and technology company that provides 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.