JPMorgan has turned bullish on Camping World after a recent sell-off. Analyst Ryan Brinkman upgraded shares of the RV retailer to overweight from neutral. While he whittled $2 off his price target to $21, that still implies a 74.1% surge for shares over Wednesday’s closing level. “Camping World shares stand out amongst our coverage by offering investors numerous idiosyncratic drivers of strong earnings growth with comparatively less tariff exposure,” Brinkman wrote to clients in a Thursday note. Brinkman’s call comes after shares tumbled more than 14% in Wednesday’s session, which he called an “overreaction” to softness in average selling prices for the first quarter. He noted that other financial aspects of the company, which reported earnings on Tuesday, showed reason to believe Camping World was poised for “an expected sharp profit pivot.” Camping World posted a smaller loss per share than analysts polled by FactSet expected in the first quarter, while adjusted EBITDA topped consensus forecasts. However, revenue for the quarter came in slightly below Wall Street’s prediction. With the upgrade, Brinkman joins the majority on the Street with buy ratings, per LSEG. Shares popped more than 5% before the bell following his Thursday note. The stock has plunged more than 42% in 2025. CWH YTD mountain Camping World in 2025
