Small-cap stocks can be incredibly lucrative investments because their lack of analyst coverage leads to frequent mispricings. However, these businesses (and their stock prices) often stay small because their subscale operations make it harder to expand their competitive moats.

Expensive stocks typically earn their valuations through superior growth rates that other companies simply can’t match. The flip side though is that these lofty expectations make them particularly susceptible to drawdowns when market sentiment shifts.

Analysts recently lifted the 12 month price target for Smith & Wesson Brands to US$14, while the model fair value estimate is unchanged at US$15. The updated target is tied closely to views on stronger than expected Q3 execution, a “positive outlook” for Q4, and differing opinions on how much of that is already reflected in the new figure. Read on to see how this evolving narrative could shape your own view of the stock over the coming quarters. Stay updated as the Fair Value for Smith &…

When Wall Street turns bearish on a stock, it’s worth paying attention. These calls stand out because analysts rarely issue grim ratings on companies for fear their firms will lose out in other business lines such as M&A advisory.

A number of stocks jumped in the afternoon session after April retail sales matched expectations with a 0.5% monthly gain, confirming that the U.S. consumer is absorbing higher costs without a total pullback.