SharkNinja is a specialty appliance stock that stands out above its competitors, according to JPMorgan.
The Wall Street bank reiterated its overweight investment rating on the company, which designs small home appliances such as vacuums or the popular CREAMi ice cream maker, and is scheduled to report earnings on Aug. 8.
SharkNinja stock has soared 145% since debuting in the U.S. at $30.05 per share this time last year.
SN YTD mountain SN YTD chart "We believe there are a number of factors driving recent underperformance (e.g., tariff risk, ocean freight spike, lateral from HELE results), although we think these risks are largely overstated for SN," the analyst wrote.
The analyst also has high expectations for SharkNinja heading into the release of its second-quarter earnings results.
Persons:
Andrea Teixeira, Teixeira, SharkNinja, — CNBC's Michael Bloom
Organizations:
JPMorgan, Management
Locations:
SharkNinja, Friday's, U.S, HELE