SharkNinja shares are trading higher after Jefferies initiated coverage on the stock with a Buy rating and $67 price target.
Portfolio Pulse from Bill Haddad
Jefferies has initiated coverage on SharkNinja with a Buy rating and a price target of $67, leading to a rise in the company's stock.
September 11, 2023 | 2:02 pm
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SharkNinja's stock is trading higher after Jefferies initiated coverage with a Buy rating and a $67 price target.
The initiation of coverage by Jefferies, a reputable financial services company, with a Buy rating indicates a positive outlook for SharkNinja. This, coupled with a price target of $67, suggests that Jefferies believes the stock is undervalued, which could attract more investors and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100