11 Best Young Stocks to Buy According to Hedge Funds

6. SharkNinja Inc. (NYSE:SN)

Number of Hedge Fund Holders: 63

SharkNinja Inc. (NYSE:SN) is a product design and technology company that operates under the Shark and Ninja brands. It offers consumer solutions like cleaning, cooking, food preparation, beauty, and home appliances. Its products are sold through various retail and online channels. Oppenheimer analyst Rupesh Parikh maintained a Buy rating on SharkNinja on May 9 and set a price target of $120.

While SharkNinja experienced growth across all 4 of its major product categories in Q1 2025, the Food Preparation Appliances segment had its net sales increase by $92.4 million, or a 45% year-over-year, to make $297.4 million. This was fueled by strong consumer demand within the frozen drinks sub-category, specifically for the company’s Slushi maker, and the ice cream makers sub-category. The overall company net sales growth was 14.7% for the quarter.

SharkNinja Inc. (NYSE:SN) is expected to continue innovating within the Food Preparation Appliances category to maintain this growth trajectory. The overall strategy emphasizes introducing disruptive products and expanding its portfolio. For this reason, the continued investment in R&D increased by 25.9% to $87.6 million in Q1 2025.

Munro Global Growth Small & Mid Cap Fund believes in the company’s transformative potential and stated the following regarding SharkNinja, Inc. (NYSE:SN) in its Q4 2024 investor letter:

“SharkNinja, Inc. (NYSE:SN) contributed -34bps to Fund performance for the quarter. SharkNinja, based in Needham Heights, Massachusetts, is a leading designer and marketer of electrical household appliances.

Originally known for its vacuums and long infomercial advertising across late hours of the night, SharkNinja has transformed itself into a leading household appliance company, continuing to move laterally into new areas of the home. Their proposition is simple, create innovative, best-in-class products at price points that attract all consumer demographics. SharkNinja is the epitome of positive customer perception, one of the six qualitative characteristic traits in Munro’s investment process.

Roughly 12 months ago, fresh off its IPO, SharkNinja remained an undiscovered story, trading at less than 15x earnings. The company had forecasted its revenue to grow by 7-9% in 2024. Fast forward to today, the company is really catching the eye of consumers on a global scale, which has led to a big acceleration in revenue, likely, in our view, to be over 30% for 2024 when the company reports its result in mid-February.…” (Click here to read the full text)