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The Scotts Miracle-Gro Company (NYSE:SMG) is one of the

7 Best Hemp Stocks To Buy Now.

On April 29, Jefferies analyst Jonathan Matuszewski decreased his price target for The Scotts Miracle-Gro Company (NYSE:SMG) to $79 from $82. It maintained a Buy rating on the shares. The analyst added that it expects a “favorable set-up” because of new growth efforts and cost savings.

On April 29, The Scotts Miracle-Gro Company (NYSE:SMG) reported Q2 net sales of $1.46 billion, up 5% year on year. It also increased gross margin to 41.8%, up 280 basis points. The firm reported GAAP EPS of $4.46, increasing 18%, and adjusted EPS of $4.53, growing by 13%. Its adjusted EBITDA was $437.4 million, up by 9%.

CEO Jim Hagedorn said that the company “continued our growth trajectory.” CFO Mark Scheiwer said that the firm had “a strong second quarter,”  and noted sales growth and profitability expansion.

The firm reaffirmed its 2026 outlook, which includes low single-digit US consumer sales growth and adjusted EPS of $4.15 to $4.35.

The Scotts Miracle-Gro Company (NYSE:SMG) makes, markets, and sells lawn and garden care products. It also gives indoor and hydroponic growing solutions.

While we acknowledge the potential of SMG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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