Analysts Offer Insights on Consumer Cyclical Companies: SharkNinja, Inc. (SN), Grove Collaborative Holdings (GROV) and Tesla (TSLA)

There’s a lot to be optimistic about in the Consumer Cyclical sector as 3 analysts just weighed in on SharkNinja, Inc. (SN – Research Report), Grove Collaborative Holdings (GROV – Research Report) and Tesla (TSLA – Research Report) with bullish sentiments.

SharkNinja, Inc. (SN)

In a report issued on March 28, Brian McNamara from Canaccord Genuity maintained a Buy rating on SharkNinja, Inc., with a price target of $68.00. The company’s shares closed last Thursday at $62.29, close to its 52-week high of $62.95.

According to TipRanks.com, McNamara is a 4-star analyst with an average return of 4.6% and a 60.1% success rate. McNamara covers the NA sector, focusing on stocks such as Reynolds Consumer Products, Spectrum Brands Holdings, and Solo Brands Inc Class A.

Currently, the analyst consensus on SharkNinja, Inc. is a Moderate Buy with an average price target of $48.13.

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Grove Collaborative Holdings (GROV)

Canaccord Genuity analyst Susan Anderson maintained a Buy rating on Grove Collaborative Holdings on March 28 and set a price target of $3.00. The company’s shares closed last Thursday at $1.67, close to its 52-week low of $1.46.

According to TipRanks.com, Anderson is a 5-star analyst with an average return of 17.5% and a 44.2% success rate. Anderson covers the NA sector, focusing on stocks such as The Estée Lauder Companies, Olaplex Holdings, and Helen Of Troy.

Grove Collaborative Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $3.00.

Tesla (TSLA)

In a report released yesterday, George Gianarikas from Canaccord Genuity maintained a Buy rating on Tesla, with a price target of $234.00. The company’s shares closed last Thursday at $175.79, close to its 52-week low of $152.37.

According to TipRanks.com, Gianarikas has 0 stars on 0-5 stars ranking scale with an average return of -14.3% and a 29.8% success rate. Gianarikas covers the Industrial Goods sector, focusing on stocks such as Surf Air Mobility, Inc., Lion Electric Company, and Fuelcell Energy.

Currently, the analyst consensus on Tesla is a Hold with an average price target of $198.72, which is an 12.0% upside from current levels. In a report issued on March 27, Robert W. Baird also maintained a Buy rating on the stock with a $300.00 price target.

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Read More on SN:

• SharkNinja Welcomes New CFO Patraic Reagan
• SharkNinja names Patraic Reagan Chief Financial Officer
• SharkNinja initiated with an Outperform at CICC
• SharkNinja 4.692M share Secondary priced at $58.00
• SharkNinja files to sell 4.69M ordinary shares for holders