Is SharkNinja Inc. (SN) One of the Most Promising Stocks Under $100?

SharkNinja Inc. (NYSE:SN) is one of the most promising stocks under $100. On September 30,  JPMorgan lowered the firm’s price target on SharkNinja to $136 from $142, while keeping an Overweight rating on the shares. JPMorgan expects the company’s sales growth in Q3 to be 11.1%, down from 13.5% previously, as the firm believes that the company is well-positioned for the holiday season.

In Q2, SharkNinja reported net sales growth of 15.7% year-over-year to $1.4 billion and a robust 33% increase in adjusted EBITDA to $223 million. The company saw broad-based strength, with domestic net sales up ~14% and international net sales reaccelerating to over 20% growth, supported by strong European trends and a successful transition to a direct model in Mexico.

SharkNinja also reached a major milestone and confirmed that ~90% of its US volume is now produced outside of China, which positions it for a competitive advantage. For the full-year 2025, the company expects net sales growth to increase by 13% to 15% (up from 11%), with an adjusted EBITDA in the range of $1.1 to $1.12 billion, representing 16% to 18% growth.

SharkNinja Inc. (NYSE:SN) is a product design and technology company that provides various solutions for consumers in the US, China, and internationally.

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