The IBD SmartSelect Composite Rating for SharkNinja rose from 94 to 96 Tuesday.
The revised score means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. History shows the top market performers tend to have a 95 or higher score as they launch their major moves.
SharkNinja is currently forming a consolidation, with a 112.93 entry. Look for the stock to break out in volume at least 40% higher than normal. But note that it's a later-stage base, which makes it a riskier entry point.
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The stock earns a 93 EPS Rating, which means its recent quarterly and longer-term annual earnings growth tops 93% of all stocks.
Its Accumulation/Distribution Rating of B- shows moderate buying by institutional investors over the last 13 weeks.
In Q3, the company reported 27% EPS growth. Revenue growth climbed 33%, up from 31% in the prior quarter. That marks four consecutive reports with rising growth.
SharkNinja holds the No. 1 rank among its peers in the Household-Appliances/Hardware industry group. Newell Brands and Middleby are also among the group's highest-rated stocks.
