Poww stock forecast shows short-term volatility as defense

POWW stock forecast shows short-term volatility as defense and ammunition sector demand adjusts post-2023 highs. Analysts cite Q3 fiscal data, revenue growth of 14% YoY, and steady gross margins, suggesting potential upside near $2.80 if geopolitical tensions persist. Thus, in my opinion, Ammo Inc. may start blowing away estimates and deliver outsized returns for a while. Among military suppliers, this is a name growth investors should have on their radar. The sole latest Wall Street price target on the stock is $3.50, implying 64% upside . I believe POWW stock can easily deliver triple-digit gains. Momentum has returned in mid-2023, with shares rebounding 54% off recent lows. As financial performance improves and interest expenses potentially ease, profitability could arrive sooner than expected. Revenue grew 33% year-over-year in Q3 2023 to over $100 million. Analysts forecast sales swelling 3.5x to nearly $1.4 billion by 2028. This growth will be fueled by e-commerce, brick-and-mortar and wholesale expansion. Indeed, profitability at that scale would be transformative. POWW stock forecast notes increased insider ownership percentages, demonstrating executive confidence in growth trajectory. Such moves often anticipate near-term positive catalysts.