Latest news with #SharkNinja
Yahoo
2 days ago
- Business
- Yahoo
Should You Invest in SharkNinja, Inc. (SN) Based on Bullish Wall Street Views?
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about SharkNinja, Inc. (SN). SharkNinja, Inc. currently has an average brokerage recommendation (ABR) of 1.20, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 10 brokerage firms. An ABR of 1.20 approximates between Strong Buy and Buy. Of the 10 recommendations that derive the current ABR, nine are Strong Buy, representing 90% of all recommendations. Check price target & stock forecast for SharkNinja, Inc. here>>>While the ABR calls for buying SharkNinja, Inc., it may not be wise to make an investment decision solely based on this information. Several studies have shown limited to no success of brokerage recommendations in guiding investors to pick stocks with the best price increase potential. Do you wonder why? As a result of the vested interest of brokerage firms in a stock they cover, their analysts tend to rate it with a strong positive bias. According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation. This means that the interests of these institutions are not always aligned with those of retail investors, giving little insight into the direction of a stock's future price movement. It would therefore be best to use this information to validate your own analysis or a tool that has proven to be highly effective at predicting stock price movements. Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock's price performance in the near future. Therefore, using the ABR to validate the Zacks Rank could be an efficient way of making a profitable investment decision. In spite of the fact that Zacks Rank and ABR both appear on a scale from 1 to 5, they are two completely different measures. The ABR is calculated solely based on brokerage recommendations and is typically displayed with decimals (example: 1.28). In contrast, the Zacks Rank is a quantitative model allowing investors to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5. It has been and continues to be the case that analysts employed by brokerage firms are overly optimistic with their recommendations. Because of their employers' vested interests, these analysts issue more favorable ratings than their research would support, misguiding investors far more often than helping them. In contrast, the Zacks Rank is driven by earnings estimate revisions. And near-term stock price movements are strongly correlated with trends in earnings estimate revisions, according to empirical research. Furthermore, the different grades of the Zacks Rank are applied proportionately across all stocks for which brokerage analysts provide earnings estimates for the current year. In other words, at all times, this tool maintains a balance among the five ranks it assigns. There is also a key difference between the ABR and Zacks Rank when it comes to freshness. When you look at the ABR, it may not be up-to-date. Nonetheless, since brokerage analysts constantly revise their earnings estimates to reflect changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in predicting future stock prices. Looking at the earnings estimate revisions for SharkNinja, Inc., the Zacks Consensus Estimate for the current year has increased 8.7% over the past month to $4.99. Analysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason for the stock to soar in the near term. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #2 (Buy) for SharkNinja, Inc. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Therefore, the Buy-equivalent ABR for SharkNinja, Inc. may serve as a useful guide for investors. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report SharkNinja, Inc. (SN) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
CNBC
3 days ago
- Business
- CNBC
Sharkninja CEO: All of production can be made outside of China by yearend
Mark Barrocas, Shark Ninja president and CEO, joins 'Power Lunch' to discuss how the company's supply chain is shifting, how long it'll take to get operations insulated from China-U.S. trade tensions and much more.
Man of Many
3 days ago
- Man of Many
The Ninja Blast Max is a Convenient, Portable Blending Hurricane
By Rob Edwards - Sponsored Published: 3 June 2025 Share Copy Link Readtime: 2 min Every product is carefully selected by our editors and experts. If you buy from a link, we may earn a commission. Learn more. For more information on how we test products, click here. Are you ready to have your blending experience supercharged? Forget those standard blenders with their underpowered specs and poorly engineered designs, as the Ninja Blast Max is here to blow you away. Driven by the might of Ninja's PowerBlast Technology, this is the one you've been waiting for, combining the performance of a corded blender with the portability of a motor-free design, without compromising in either department. Ninja Blast Max | Image: SharkNinja The Power and the Portability The Ninja Blast Max's innovative design ensures it can not only turn ice to snow and decimate frozen ingredients at the touch of a button, it's also incredibly portable, thanks to its unique Twist & Go vessel, which effortlessly detaches from the motor base ensuring maximum portability with minimal weight. The Ninja Blast Max's mission is to have you simply blend, twist, and go. We think it's safe to say this is a case of mission accomplished. Ninja Blast Max | Image: SharkNinja Further, boasting a 40 per cent larger capacity than its predecessor, the Ninja Blast Max offers enough space to make your favourite smoothies at volumes of up to 650 mL. Whether you're on a health kick and looking to create a kale-based concoction, trying to bulk up by harnessing the power of the protein shake, or in the mood for something a little more out there—a peanut butter smoothie springs to mind—this beast is up to the task. Plus, it boasts three intelligent AUTO IQ programs, including Blend, Crush, and Smoothie, that ensure your blender and its built-in CrushBlade nails it every time. Ninja Blast Max | Image: SharkNinja The Whole Package The Ninja Blast Max comes with everything you need, including the 1.1V rechargeable motor base, 650mL Twist & Go vessel, easy-open sip lid with carrying handle, a charging cable, and a five-recipe inspiration guide to help you get blending asap. Whether you're looking to develop some healthy new habits, keen to up your protein intake, or just really enjoy a good smoothie, the Ninja Blast Max is the perfect way to take your blending to the next level.
Miami Herald
21-05-2025
- Business
- Miami Herald
Huge appliance brand leaving China to avoid tariffs
It's the kind of product you didn't know you needed - until you used it. Across TikTok, creators are showing off how they're transforming protein shakes, canned fruit, or even leftover coffee into creamy, soft-serve-style desserts. One popular video calls it "like having a FroYo shop in your kitchen." Others post "dupe recipes" for Cold Stone or Jeni's, sparking thousands of views and comment threads. Related: Tariffs to hit a grocery item already battered by price hikes The obsession has only deepened on Reddit, where entire threads are dedicated to swapping flavor hacks and sharing tips with new users. That kind of cult following doesn't just happen. It's the result of a product that hit a sweet spot - literally and figuratively - for consumers who wanted a better way to make their favorite treats at home. And while the online buzz is focused on ice cream, the company behind the device is now making a massive, behind-the-scenes move that could reshape how it builds and delivers its viral products. That company is SharkNinja - the maker of the Ninja Creami. SharkNinja plans to manufacture nearly all of its household appliances outside of China by the end of 2025, according to CEO Mark Barrocas. During the company's Q1 earnings call, Barrocas said, "Our high-quality, fast-turn, low-cost, and highly diversified supply chain has taken an enormous effort to achieve and stands as a key competitive advantage for SharkNinja." He framed this infrastructure as a central piece of the company's long-term strategy, especially as it works to reduce exposure to Chinese manufacturing. SharkNinja began plotting its exit from China back in 2018, when the Trump administration slapped steep tariffs on a wide range of Chinese imports, forcing companies to rethink their manufacturing footprints. Related: $500M supplement brand lands Target and Walmart in 2 years The company has since shifted production to a number of Southeast Asian countries, including Cambodia, Indonesia, Malaysia, Thailand, and Vietnam. By the end of Q2 this year, the company expects to have 90% of its U.S. volume manufactured outside of China. Barrocas noted that this shift has already helped improve supply chain flexibility - and that the company's cost-saving moves, from feature tweaks to supplier negotiations, are boosting profitability. While the Ninja Creami may be dominating social media, SharkNinja is playing a long game to protect its margins and reduce volatility. CEO Mark Barrocas told investors that tariffs have already cost the company "hundreds of millions of dollars." Rather than pull back, the company doubled down - ditching low-margin products, upgrading packaging, and repositioning itself with premium-priced launches that customers are still snapping up. Don't miss the move: Subscribe to TheStreet's free daily newsletter Barrocas pointed to the Ninja Luxe Café espresso maker, which jumped from $499 to $549 without hurting demand, becoming the top-selling espresso SKU in the U.S. just six months after launch. It's the kind of aggressive, multi-pronged strategy that separates SharkNinja from competitors still heavily reliant on China. And in a high-pressure category filled with supply chain risk, it may be exactly what keeps the brand ahead of the pack. Related: Birkin bag maker faces major problem The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
NBC News
21-05-2025
- Business
- NBC News
Armenian organized crime rings charged with stealing $83 million in Amazon cargo
Department of Justice officials on Tuesday charged members or associates of an Armenian organized crime ring with stealing more than $83 million worth of cargo from Amazon by posing as legitimate truck drivers and siphoning off goods destined for the company's warehouses. Since at least 2021, at least four people linked to the crime ring carried out a scheme across California to steal truckloads of merchandise, ranging from smart TVs and GE icemakers to SharkNinja vacuums and air fryers, the DOJ alleged. 'At present, Amazon is plagued by recurring thefts of its shipments, which is commonly referred to as 'cargo theft,'' the complaint says. Amazon has ramped up its efforts to track and shut down fraudulent, deceptive and illegal activities on its sprawling online store. Eliminating stolen goods is particularly challenging. CNBC reported in 2023 that Amazon suspended dozens of third-party merchants it alleged were selling stolen goods, though many of those sellers claimed they were unknowingly caught in the scheme, putting their businesses at risk of survival. Amazon isn't the only retailer afflicted by cargo theft. Experts told CNBC cargo theft-related losses are estimated at close to $1 billion or more a year. In its complaint, the DOJ said the alleged fraudsters operated four transport carriers — AK Transportation, NBA Holdings, Belman Transport and Markos Transportation — that would obtain contracted freight routes from Amazon Relay, an application used by truckers to obtain work, also referred to as loads. Each trucker is assigned a load for pickup from a manufacturer's warehouse to be dropped off at an Amazon facility. Instead, the groups would divert from their designated routes, take a portion of the goods off the trucks and resell them or gift them to associates, prosecutors allege. In some cases, the 'self-styled carriers' would complete their deliveries at an Amazon warehouse several days after they were expected to show up, according to the complaint. DOJ officials seized the alleged fraudsters' iPhones and found photos and videos of warehouses lined with boxes of crockpots, Keurig coffee machines, keratin shampoo, Weber grills and other goods. Amazon teams cooperated with DOJ officials in their investigation, including sharing information about the stolen goods, and details of the alleged fraudsters' accounts on its online marketplace. An Amazon spokesperson said in a statement that the company has 'zero tolerance' for cargo theft and other forms of organized retail crime. Amazon relies on a mix of internal teams and technologies to prevent ORC schemes. The company has also referred 'thousands' of ORC bad actors to law enforcement officials. 'These referrals have resulted in arrests, product seizures and recoveries, and the dismantling of ORC networks in the U.S. and around the world,' they said in a statement. DOJ officials linked the defendants to a litany of other alleged crimes, including attempted murder, kidnapping, illegal firearm possession and health-care fraud. Several of the 13 defendants are expected to appear in a Los Angeles district court on Tuesday and Wednesday, while one of the defendants appeared in a court in Fort Lauderdale, Florida, on Tuesday and was detained.
