SharkNinja (SN) remains well positioned to deliver on its fiscal 2026 targets, supported by continued growth and product innovation, Oppenheimer said in a Tuesday note ahead of the company's Q1 results.

The analyst expects another strong quarter and at least a reaffirmation of 2026 guidance and cited international expansion, strong innovation and continued double-digit revenue and earnings growth potential despite a difficult consumer discretionary backdrop.

Oppenheimer said recent share weakness reflects broader macro concerns, including uncertainty in consumer spending and input cost pressures. The brokerage added that the valuation has become more attractive after the pullback from recent highs.

The researchers added that SharkNinja has historically seen positive stock reactions after earnings, while cautioning that earnings beats may not be rewarded this season. The investment firm reiterated the stock as a top pick and suggested investors could buy dips amid near-term volatility.

Oppenheimer has an outperform rating on the stock with a price target of $145.

Shares of SharkNinja were up 4.8% in Tuesday trading.

Price: 120.27, Change: +5.47, Percent Change: +4.76