SharkNinja Inc. reports third-quarter earnings Wednesday before market open, with analysts expecting $1.60 earnings per share, up sharply from $0.92 in the second quarter. The consensus reflects roughly 6.7% year-over-year earnings growth. All 14 analysts covering the stock rate it buy, with a mean price target of $218.06 versus the current stock price of $213.22.
BTIG initiated coverage November 2 with a buy rating and $245 price target, projecting 10% to 15% annual revenue growth and 15% to 20% annual EPS growth over three to five years, with forecasts for the company to exceed $12 billion in revenue and $2 billion in adjusted EBITDA by 2030. Piper Sandler lifted its price target to $234 from $200.
The quarter tests whether SharkNinja's innovation engine can sustain growth after a disappointing second quarter. The company targets 25 new product introductions annually and says AI is shortening early design work that previously took months. Second quarter earnings missed expectations by 23.3% when the company posted $0.92 versus analyst forecasts of $1.20, raising questions about cost pressures. Revenue in that quarter totaled $1.77 billion.
SharkNinja raised its 2026 sales growth outlook to 16-17% from 11.5-12.5% earlier this year. The stock trades near its 52-week high of $216.11, up from a low of $83.12, and carries a market capitalization of roughly $30 billion. At 43.2 times trailing earnings, the valuation reflects high expectations for sustained growth.