SharkNinja 's history of innovation will set its stock for an extremely positive growth outlook, according to Goldman Sachs.
The investment bank initiated coverage of the consumer products company with a buy rating, setting a 12-month price target of $52.
Since listing on the New York Stock Exchange at $30 a share this summer , SharkNinja has rallied 36%.
SN YTD mountain SN YTD chart Analyst Brooke Roach pointed to the firm's established track record of market disruption and solid growth across product lines.
Meanwhile, the analyst highlighted the company's success in entering new categories, which could also provide incremental growth opportunities.
Persons:
SharkNinja, Goldman Sachs, Brooke Roach, Roach, — CNBC's Michael Bloom
Organizations:
New York Stock Exchange