Analyst Sees Smith & Wesson Stock Nearly Doubling After Earnings Blowout

Rich Duprey, The Motley Fool
·2-min read
Analyst Sees Smith & Wesson Stock Nearly Doubling After Earnings Blowout

After Smith & Wesson Brands' (NASDAQ: SWBI) fiscal second-quarter earnings shot Wall Street forecasts full of holes yesterday, one analyst now sees the potential for the gunmaker's stock to almost double in the coming months. Lake Street analyst Mark Smith said that after Smith & Wesson posted "another quarter of record high-sales of firearms" after the market closed yesterday, he predicts the firearms giant's stock will be able to hit $28 per share, 85% above yesterday's closing price. Gun sales are through the roof this year.