Does SharkNinja (SN) Have a Long Runway For Growth?

Parnassus Investments, an investment management company, released the “Parnassus Mid Cap Growth Fund” second quarter 2025 investor letter. A copy of the letter can be downloaded here. The Fund (Investor Shares) returned 13.29% (net of fees) in the quarter, compared to the Russell Midcap Growth Index’s 18.20% return. Stock selection in the Industrials and Information Technology sectors negatively impacted the performance, while holdings in the Financials sector contributed. In addition, please check the fund’s top five holdings to know its best picks in 2025.

In its second-quarter 2025 investor letter, Parnassus Mid Cap Growth Fund highlighted stocks such as SharkNinja, Inc. (NYSE:SN). SharkNinja, Inc. (NYSE:SN) is a product design and technology company that provides cleaning, cooking, beverage, food preparation, and beauty appliances. The one-month return of SharkNinja, Inc. (NYSE:SN) was -7.41%, and its shares gained 1.55% of their value over the last 52 weeks. On September 24, 2025, SharkNinja, Inc. (NYSE:SN) stock closed at $107.64 per share, with a market capitalization of $15.192 billion.

Parnassus Mid Cap Growth Fund stated the following regarding SharkNinja, Inc. (NYSE:SN) in its second quarter 2025 investor letter:

“We also invested in SharkNinja, Inc. (NYSE:SN), a global household products company that has been a consistent innovator across several categories including cleaning, cooking and beauty. We think the company has a long runway for growth driven by share gains in existing categories, expansion into new categories and international growth. SharkNinja has consistently designed innovative products across several consumer categories including cleaning, cooking, food preparation and beauty. We think the company has a long runway for growth driven by share gains in its existing categories, expansion into new categories and international growth.”

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SharkNinja, Inc. (NYSE:SN) is not on our list of 30 Most Popular Stocks Among Hedge Funds. According to our database, 65 hedge fund portfolios held SharkNinja, Inc. (NYSE:SN) at the end of the second quarter, down from 69 in the previous quarter. While we acknowledge the risk and potential of SharkNinja, Inc. (NYSE:SN) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than SharkNinja, Inc. (NYSE:SN) and that has 10,000% upside potential, check out our report about this cheapest AI stock.

In another article, we covered SharkNinja, Inc. (NYSE:SN) and shared the list of stocks with huge catalysts on the horizon. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.