Billionaire Mason Hawkins’ 10 Mid-Cap Stocks with Huge Upside Potential

Page 9 of 9

1. SharkNinja, Inc. (NYSE:SN

Market Capitalization: $11.81 billion

Number of Hedge Fund Holders: 63 

Southeastern Asset Management Stake: $42,681,845 

Analyst Upside Potential: 39.49%

SharkNinja, Inc. (NYSE:SN) is a leading product design company. It operates through two main business segments, which are also its well-known brands, called Shark and Ninja. The company is known for its innovative design categories and has more than 31 household subcategories.

SharkNinja, Inc. (NYSE:SN) grew its net sales by 29.7% during the fiscal fourth quarter of 2024 to reach $1.79 billion. This was driven by growth across its main categories, which are Cooking and Beverage Appliances, Food Preparation Appliances, Cleaning Appliances, and Beauty and Home Environment Appliances. As a result of operational discipline, the gross profits also improved to reach $839.5 million, reflecting a 34.8% increase year-over-year.

Earlier on April 11, Alexander Perry from Bank of America Securities maintained a Buy rating on the stock with a price target of $120, stating that the company can gain market share by outperforming its competitors in growth. In addition, SharkNinja, Inc. (NYSE:SN) has also reduced the impact of tariffs by changing its production regions. It is one of billionaire Mason Hawkins’ 10 mid-cap stocks with huge upside potential.

Munro Global Growth Small & Mid Cap Fund 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)

While we acknowledge the potential of SN to grow, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than SN but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure. None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and investors. Please subscribe to our daily free newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.

Page 9 of 9