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Smith & Wesson upgraded to buy after strong Q1 revenue growth and attractive valuation.

Analyst Insights
04 Sep 2026
Seeking Alpha
View Source
Bullish
Smith & Wesson upgraded to buy after strong Q1 revenue growth and attractive valuation.

Smith & Wesson's stock rating was upgraded from 'hold' to 'buy' following a strong first quarter in fiscal year 2027, with revenue increasing 32.3% year over year. This growth was driven by high demand for handguns and long guns, successful new product launches, and a favorable product mix. Recent data and management comments suggest continued strengthening in end-user demand. The stock currently trades at a discount compared to peers based on EV/EBITDA multiples, indicating a potential 50% upside if valued similarly.

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