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The global ammunition market is expected to hit $28.37 billion by 2028, growing at a 3.6% CAGR. Also, small-caliber ammunition penetration is likely to rise in the future due to the growing popularity of sports that use handguns. Gun retailers are expected to witness a substantial surge in sales of rifles too, due to increasing participation in shooting events and increasing consumer interest in hunting activities.
So, Wall Street Analysts are optimistic about the upside potential of several fundamentally sound gun stocks. Two such stocks that they expect to rally more than 20% over the next 12 months are Vista Outdoor Inc . (VSTO) and Sturm, Ruger and Company Inc. (RGR).
