SharkNinja, Inc. (SN): A Bull Case Theory

We came across a bullish thesis on SharkNinja, Inc. (SN) on Substack by LongTermValue Research. In this article, we will summarize the bulls’ thesis on SN. SharkNinja, Inc. (SN)’s share was trading at $84.20 as of April 1st. SN’s trailing and forward P/E were 27.07 and 17.12 respectively according to Yahoo Finance.

SharkNinja (SN) is a leading household appliances company known for its innovation and strong product launch cycle. With an enterprise value of $13.2 billion and a market cap of $13 billion, the company manufactures a range of lifestyle products, including blenders, vacuums, and coolers. SharkNinja has demonstrated impressive growth, with sales surging 30% in 2024, driven by its ability to consistently introduce successful new products. Looking ahead, the company is projected to grow earnings per share by 15% in 2026, with price-to-earnings ratios of 18.4x and 16x for 2025 and 2026, respectively. Its PEG ratio of approximately 1.1x indicates a strong balance between growth and valuation. While there are concerns about consumer spending on discretionary items, SharkNinja’s ability to generate an estimated $1 billion in free cash flow in the coming years underscores its financial strength. The company’s forward product pipeline remains integral to its continued success, and at a valuation below 15x P/E or around $80 per share, SharkNinja presents a compelling investment opportunity. Its ability to maintain pricing power and capitalize on long-term demand for high-quality home products positions it as an attractive play in the household appliances industry.

SharkNinja, Inc. (SN) is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 63 hedge fund portfolios held SN at the end of the fourth quarter which was 56 in the previous quarter. While we acknowledge the risk and potential of 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 timeframe. 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 the cheapest AI stock.

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