SharkNinja hits record high after BTIG starts coverage with buy rating

SharkNinja shares reached an all-time intraday high of 216.05 and closed up 2.5% at 213.22 after BTIG analyst Robert Drbul initiated coverage with a buy rating and a 245 price target. Drbul expects the appliance maker to generate about $7.5 billion in 2026 revenue and sustain 10%-15% annual revenue growth over the next three to five years, with healthy pricing power and expanding operating and adjusted EBITDA margins. He said the business model relies on market-share gains in existing categories, entry into new and adjacent categories, and international expansion. The stock broke out of a cup base at a 194.54 buy point on Oct. 20. SharkNinja is scheduled to report third-quarter results early Wednesday.