10:02 AM EDT, 10/27/2025 (MT Newswires) -- SharkNinja ( SN ) is expected to show a "relatively" in-line Q3 and reiterate its full-year guidance, with further potential for better-than-expected margins, Morgan Stanley said in a Monday note.

Morgan Stanley said it is modeling SharkNinja's ( SN ) Q3 sales growth of about 12.5% year over year, below Wall Street's estimate of 13.2%, with North America sales growth of 9% and international sales of 21%.

Going into Q3 earnings, Morgan Stanley said the setup feels "tricky" as its scanner data excluding Amazon (AMZN) appears to have softened more recently and near-term comparisons remain tough.

"Despite the recent share underperformance, we don't view the near-term risk/reward as particularly attractive heading into the print," Morgan Stanley analysts said.

SharkNinja ( SN ) is scheduled to announce its Q3 earnings on Nov. 6.

Morgan Stanley maintained its equalweight rating and lowered its price target to $110 from $117.

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