Winnebago Industries Inc. (NYSE: WGO) was one of the breakout stocks of 2020, with the company generating surprising fiscal performance thanks to the increased demand for motorhomes during the Coronavirus Pandemic. The momentum has continued into 2021 and there’s still a likely upside available on this pick.
With an influx of orders, Winnebago is expected to grow earnings by 21% in the current fiscal year. This could help to drive the stock targets beyond their current levels and keep investor interest high. Winnebago has long-term revenue potential thanks to its position as a market leader in recreational vehicles and fully integrated motorhomes.
The average target price of $76.82 suggests a moderate upside over today’s price. The high-end target of $88.00 looks within reach considering the momentum behind this pick. There’s also a moderate dividend with a yield of 0.65% at today’s price. For its income potential and projected growth, this is one of the best stocks to watch in the first quarter.
- 1 Year Price Growth: 97%
- YTD Price Growth: 99%
- 3 Month Price Growth: 20%
All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.