"SharkNinja, has a relatively interesting name and one that growth investors should familiarize themselves with, given its disruption potential in the kitchen and around the home. The company makes home appliances and various other handy products under the Shark and Ninja brands. Even if you've never heard of the stock, you might already have a Shark or Ninja product in your closet or kitchen."
"The company's tech and consumer-focused approach has been a success, to say the least. Just look at the stock, which has more than doubled in the last two years despite the more recent 22% correction in shares. I think the latest dip is nothing more than a buying opportunity as the firm unlocks the power of reviews by actively listening and revisiting the drawing board if needed."
Third Point purchased shares of SharkNinja and Primo Brands as part of its portfolio. SharkNinja produces home appliances and other consumer products under the Shark and Ninja brands. The company emphasizes technology-driven design and iterates products using customer feedback. SharkNinja's stock more than doubled over the past two years but recently experienced a roughly 22% pullback. The company trades at about 25.7 times trailing P/E and holds an approximate $13.7 billion market value. The recent share decline is presented as a potential buying opportunity given the firm’s growth runway and consumer-focused approach.
Read at 24/7 Wall St.
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