Jefferies raises Zimmer Biomet stock price target on guidance lift

Jefferies has boosted its price target for SharkNinja shares (NYSE:SN) to $300, up from $240, while keeping a Buy rating. The stock is currently trading at $223.28, close to its 52-week high, after a strong 149% gain over the past year. Jefferies believes the company's recent earnings call has bolstered their confidence. Management now views SharkNinja as a global consumer tech company, rather than just an appliance maker.

The company operates at a massive scale with 41 subcategories and an $130 billion total addressable market. With a market capitalization of $31.5 billion and $6.9 billion in revenue, SharkNinja has seen 17% revenue growth. However, InvestingPro analysis indicates the stock might be overvalued compared to its Fair Value. The firm highlights the company's social commerce flywheel and AI optimization of over $1.5 billion in annual media and promotional spending.

Jefferies also notes that the Q4 EBITDA guidance reflects reinvestment timing, not a slowdown. The company plans to allocate capital for growth in 2027 and 2028. Analysts have raised their financial estimates for SharkNinja along with the increased price target. Three analysts have revised their earnings upwards for the upcoming period.

SharkNinja reported impressive Q3 2026 earnings, beating analysts' expectations with adjusted earnings of $2.34 per share, up from the expected $1.60. Revenue surged 21.2% to $1.97 billion. The company's strong performance was driven by improved margins and tariff refund benefits. This positive earnings report is a key highlight for SharkNinja.