Why SharkNinja Stock Was a Big Winner This Week
SharkNinja (NYSE: SN) was quite the beast on the stock market over the past five trading days. Following the initiation of coverage from a researcher who considers it to be an unabashed buy, the company's share price shot more than 16% higher over the week, according to data compiled by S&P Global Market Intelligence.
Jefferies kicked off its SharkNinja coverage on Monday, inaugurating it with a buy recommendation at a price target of $67 per share. That's well above its current level of under $41.
The analyst who's now tracking SharkNinja for Jefferies is Randal Konik, who wrote in a research note that the company "is well positioned to grow its market share across new and existing categories given its global rapid innovation and commercialization flywheel model."
Source Fool.com
