We recently published a list of 10 Best New Stocks to Buy According to Billionaires. In this article, we are going to take a look at where SharkNinja, Inc. (NYSE:SN) stands against other best new stocks to buy according to billionaires.
Overview of Q1 2025 IPO Activity
International IPO activity during the first quarter of 2025 was characterized by profound uncertainty coming from geo-political shifts and the ever-changing tariff policies around the globe. According to an April 10, 2025 report by EY Global, the global IPO market remained steady year-over-year in terms of volume but grew 20% in terms of value. The first quarter of 2025 witnessed a total of 291 IPOs with a total value of $29.3 billion. Notably, the United States was a key player as it posted the third-strongest Q1 performance with a total of 59 listings. On the other hand, the Asia-Pacific market also showed signs of recovery and the EMEA region remained steady year-over-year.
The current global macroeconomic environment has created both challenges and opportunities for the IPOs around the world. For instance, the tariff policies and the ongoing trade war have raised the expectations of inflation, casting uncertainty over the monetary policies. On the other hand, the geo-political tensions have led to increased budgetary spending around the world, thereby leading to a surge in investment in the Aerospace and Defence sector. The report by EY Global anticipates a surge in IPO activity for this segment. Moreover, the disruptive trends in artificial intelligence are allowing IPO candidates to enhance their market strategies and offerings using the technology. As per the report, AI technology has started to become an integral part of companies operating in the financial, health, and life sciences industries.
While the United States market witnessed a 51% increase in the number of IPOs when compared to 2024, however, the future looks uncertain. George Chan, EY Global IPO Leader highlighted that the growth in IPO activity during the first quarter was on the back of an optimistic market outlook at the start of the year. However, currently, many companies who had planned their IPOs in the first or second quarter of the year have delayed their public offering to later quarters or 2026. Chan advised that it is important for investors to look for companies with unshakeable fundamentals, agility, and adaptability to steer with the uncertainty of the market.
Our Methodology
To curate the list of 10 best new stocks to buy according to billionaires we used the Finviz stock screener and Insider Monkey’s Q4 2024 billionaire database. Using the screener we aggregated a list of companies that went public in the past 2 years. After sorting the list by market capitalization, we ranked each new stock in ascending order of the number of billionaire investors. We have also added the hedge fund sentiment around each stock. Please note that the data was recorded on April 25, 2025. Also, note that in cases where two or more stocks had an equal number of billionaire investors we used market capitalization as a tie-breaker.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
A close up of a consumer electronic product with the company’s logo on the product label.
SharkNinja, Inc. (NYSE:SN)
Market Capitalization: $11.127 billion
Number of Hedge Fund Holders: 63
Number of Billionaires: 13
Total Value of Billionaire Holdings: $202,286,932
SharkNinja, Inc. (NYSE:SN) is an international product design and technology company that specializes in lifestyle solutions for consumers. It is known for its aggressive innovative strategy that disrupts new product categories with innovative designs. The company operates through two major brands namely, Shark and Ninja, and has more than 31 household subcategories.
On April 11, Alexander Perry from Bank of America Securities maintained a Buy rating on the stock with a price rating of $120. The analyst noted that SharkNinja, Inc.’s (NYSE:SN) point of sale data shows significant year-over-year growth, with no signs of slowing down. On top of this, the company can gain market share and has been outperforming market growth. Moreover, the company has mitigated the risks of tariffs on China and Southeast Asia by strategically shifting its production to other regions.
During the fiscal fourth quarter of 2024, SharkNinja, Inc. (NYSE:SN) increased its net sales by 29.7% to reach $1.79 billion. This was driven by growth across four main categories including Cleaning Appliances, Cooking and Beverage Appliances, Food Preparation Appliances, and Beauty and Home Environment Appliances. Notably, the gross profit of the company increased 34.8% year-over-year to reach $839.5 million. Looking ahead, management anticipates to grow its net sales by 10% to 20% year-over-year. It is one of the best new stocks to buy according to billionaires.
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)
Overall, SN ranks 3rd on our list of best new stocks to buy according to billionaires. 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. This article is originally published at Insider Monkey.
