SharkNinja (SN) is likely to deliver another beat-and-raise in Q2 as it offers a lucrative intermediate-term investment case with scope for sustained double-digit topline and bottomline growth, Oppenheimer said in a research note Monday.

The company is positioned to benefit from its innovation efforts, differentiated marketing strategies, and global expansion, expected to support the ongoing business momentum, analysts wrote.

SharkNinja's leading brand portfolio, runway for global growth, scope for share gains, and an experienced management team are some factors driving the brokerage's positive take on the stock, according to the note.

Oppenheimer reiterated its outperform rating on the stock and boosted its price target to $170 from $145.

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