Citigroup Maintains Buy Rating for Winnebago Industries, Raises PT to $36

Citigroup Maintains Buy Rating for Winnebago Industries, Raises PT to $36

Title: Citigroup Maintains Buy Rating for Winnebago Industries, Raises PT to $36

Citigroup, a leading global financial services firm, has maintained its buy rating for Winnebago Industries, Inc. (WGO) while raising its price target (PT) to $36, according to a recent report. This update comes on the heels of the company's recent earnings and strategic changes, which have caught the attention of analysts and investors alike.

Winnebago Industries, Inc. manufactures a wide array of recreational vehicles (RVs) and marine products, along with advanced battery solutions for various outdoor applications. The company's diverse portfolio includes brands such as Grand Design towables, Winnebago towables, and Chris-Craft marine. Despite recent market challenges, Winnebago Industries has shown resilience, with analysts noting its ability to adapt to changing consumer preferences and market conditions.

The company's recent strategic leadership changes, including the resignation of Jacqueline D. Woods, have been accepted by the board of directors, effective August 4, 2025. These changes are part of the company's broader efforts to drive future growth and innovation. Additionally, Winnebago Industries has been actively involved in the funding of startups, such as Ekho, Inc., which recently received $15 million in funding from various investors, including Winnebago Industries.

Citigroup's decision to maintain a buy rating for Winnebago Industries reflects its confidence in the company's long-term prospects. The new price target of $36 represents a significant increase from the previous target of $33, indicating a bullish outlook on the company's stock. This update aligns with the broader market trends and analyst consensus, with several other firms also maintaining or raising their price targets for Winnebago Industries.

The company's recent earnings guidance for the fiscal year 2025 has been well-received by the market, with analysts highlighting the company's ability to navigate the current economic environment. Winnebago Industries' strong performance in the third quarter of 2025, as indicated by its adjusted earnings per share (EPS) of $0.81, further supports the positive sentiment surrounding the stock.

In conclusion, Citigroup's decision to maintain its buy rating for Winnebago Industries and raise its price target to $36 is a testament to the company's strong fundamentals and promising future prospects. Investors should closely monitor the company's ongoing strategic initiatives and market performance to make informed investment decisions.

References:
[1] https://www.marketscreener.com/quote/stock/WINNEBAGO-INDUSTRIES-INC-14866/
[2] https://www.tipranks.com/stocks/wgo/forecast