Camping World Price Target Raised to $21 by KeyBanc

Camping World's price target has been raised to $21 from $18 by KeyBanc, with an Overweight rating maintained. The firm is confident in Camping World's ability to generate $500M-plus of adjusted EBITDA at a 400K industry unit retail level with its current dealership base. Camping World is well-positioned in the RV market due to its unique idiosyncratic elements.

Camping World Holdings Inc (CWH) has received a significant boost in analyst sentiment, with KeyBanc raising its price target to $21 from $18 and maintaining an "Overweight" rating. The update reflects the firm's confidence in CWH's ability to generate substantial adjusted EBITDA and position itself strongly within the RV market.

KeyBanc's analyst, Noah Zatzkin, highlighted CWH's unique market positioning and its ability to generate $500M-plus of adjusted EBITDA at a 400K industry unit retail level with its current dealership base. This robust performance is attributed to CWH's idiosyncratic elements, which set it apart from competitors.

The RV market, known for its seasonal demand and loyal customer base, is a key driver for CWH's growth. The company's strategic partnerships, such as those with major RV retailers and distributors, have been instrumental in expanding its customer base and market share. Additionally, CWH's focus on quality and service has helped it maintain strong brand loyalty.

KeyBanc's positive outlook is supported by the company's historical performance and analyst consensus. The average price target for CWH, as of July 2025, is $20.45, with a high estimate of $27.00 and a low estimate of $14.00. The average target implies an upside of 18.23% from the current price of $17.30. The consensus recommendation from brokerage firms is "Outperform," reflecting the industry's confidence in CWH's prospects.

Camping World's strategic positioning and strong market fundamentals make it an attractive investment opportunity. As the RV market continues to grow and evolve, CWH's unique strengths and market leadership position it well for future success.

References:
1. [KeyBanc raises price target for Camping World Holdings](https://www.gurufocus.com/news/3062053/keybanc-raises-price-target-for-camping-world-holdings-cwh-to-2100-cwh-stock-news)
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