12 Best IPO Stocks to Buy in 2025

3. Sharkninja Inc. (NYSE:SN)

Average Upside Potential as of March 21: 51.01%

Number of Hedge Fund Holders: 63

Sharkninja Inc. (NYSE:SN) is a product design and technology company that provides consumer solutions. Under its Shark and Ninja brands, it offers cleaning, cooking, food preparation, beauty, and home environment appliances that are sold through various retail and e-commerce channels.

The company focuses on disruptive consumer innovation by introducing new product categories. In Q4 2024, the company’s net sales surged by 30% year-over-year. For the full year, adjusted net sales grew by 32%. This growth is attributed to the successful launch of new product subcategories, such as coolers, fans, frozen drink appliances, and skincare. The company is also disrupting existing markets. For instance, the Ninja SLUSHi frozen drink maker generated over 0.5 billion social media impressions. Similarly, the Shark CryoGlow skincare product outperformed initial sales expectations.

Sharkninja Inc. (NYSE:SN) reported an 89% growth in the food preparation category for Q4, mainly due to the popularity of products like CREAMi and SLUSHi. The company anticipates launching 25 new products in 2025 and projects a 10-12% increase in net sales for the year. It’s targeting a $120 billion addressable market.

Artisan Small Cap Fund stated the following regarding SharkNinja, Inc. (NYSE:SN) in its Q3 2024 investor letter:

“Among our top Q3 contributors were Guidewire, Veracyte and SharkNinja, Inc. (NYSE:SN). SharkNinja is a leading household consumer products company. Its Shark brand focuses on the cleaning category (vacuums, mops, carpet cleaners, etc.) and, more recently, beauty (hair dryers, hair stylers, etc.). Its Ninja brand focuses on food preparation (blenders, food processors, ice cream makers, juicers, etc.) and cooking (indoor grills, ovens, toasters, cookers, air fryers, etc.). We believe a healthy combination of market share gains within existing categories, new category entries and international expansion will drive growth. Shares rallied after reporting strong earnings results, including 31% revenue growth and 600bps of gross margin expansion.”