According to a recent report from BMO Capital, Camping World Holdings Inc.’s (CWH) analysts, Camping World Holdings Inc.’s may exceed the market average due to heightened awareness of Americans’ travel. Camping World Holdings’ target price has been updated from $ 35 to $ 50 based on the latest recommendation from BMO Capital.
Although the COVID-19 pandemic is more likely to affect its profitability, analysts believe strong family car demand will spur it to perform well. The expansion of the dealer network and the acquisition of new dealers will serve as other growth factors. Recently, it was announced that Camping World would acquire two RV dealerships in Utah.
According to Camping World, they intend to further develop and commercialize a high-quality, higher-tech mobile home for longer and more enjoyable vacations. Cars that meet the new environmental regulations are also likely to be made by this CWH stock, as is generally the case in the automotive sector. This would lead to an 8.6% increase in sales until 2025 when the lineup will update and COVID-19 is launched.
Due to an increase in American interest in traveling by car, shares of Camping World Holdings have grown nearly 500% in price over the past 12 months. As a result of this pandemic, tourism in the country has undergone a serious upheaval. Family trips to nature or long car trips have become the only way to getaway. Camping World Holdings’ growth is expected to be supported for some time by this trend.
CampWorld Holdings Inc. (NYSE: CWH) shares have increased 60.54% YTD and declined -0.38% in the latest trading session for a -$0.16 loss. The stock’s trailing 12-month performance is nearly 625.77% higher. Comparatively, the stock is 60.54% higher YTD and 48.56% higher over the trailing 3-month period. Over the last seven days, its weekly performance is up 26.31% and 8.34% over the previous month.