SharkNinja up after TD Cowen initiates with 'buy'

Shares of home appliance maker SharkNinja SN.N rise as much as 2.5% to $112.86

Brokerage TD Cowen initiates rating on stock at "buy"; sets PT of $135

Brokerage sees opportunities for greater shareholder value "with a potential share buyback program leveraging strong cash generation"

Sees beauty segment unlocking the next leg of growth, with sales expected to double in size over the next few years

Says international sales, which had outpaced domestic, could increase further as co leans into marketing to launch more products into international markets

Acknowledges risk around management potentially guiding FY26 with some conservatism during its Q4 earnings, but believes it will be likely beat and raise throughout the year, consistent with prior years

Average rating of 14 brokerages is "buy"; with a median PT of $129 - data compiled by LSEG

Up to last close, stock has risen 13.1% YTD