SharkNinja, Inc. (NYSE:SN) ranks among the 30 stocks expected to beat the market by 20 percentage points this year. On June 3, William Blair reiterated its Outperform rating for SharkNinja, Inc. (NYSE:SN). The update was made amid persistent issues with inventory shortages and tariffs, which are anticipated to affect the company’s performance in the second quarter.
According to the firm, customer demand is still steady, but the supply of key products—especially those sold under the Ninja brand—is being impacted by the brief suspension of orders from China. That said, SharkNinja Inc. (NYSE:SN) believes it can still reach its sales growth target of 9.5% for the quarter despite these obstacles.
In addition to contemplating domestic manufacture for some products, SharkNinja Inc. (NYSE:SN) is actively expanding its supply chain. To maintain inventories, the company has also hiked prices on roughly 32% of its product line since mid-April, which might have an impact on short-term demand. Despite these obstacles, SharkNinja Inc. (NYSE:SN) hopes to potentially accelerate its gains in market share later in the year as inventory levels level out.
SharkNinja Inc. (NYSE:SN) is a technology and product design company that operates under the Shark and Ninja brands. It provides consumer solutions for home appliances, cleaning, cooking, food preparation, and cosmetics.
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