Winnebago (WGO) Stock Forecast & Price Target

Winnebago Industries reported a revenue of $2.8 billion in fiscal 2025 and has demonstrated significant growth in its towables segment, which now constitutes 84% of the firm's RV unit volume, an increase from 31% in fiscal 2016. The company is positioned for improved profitability in its motorhome business throughout FY26, supported by a competitive model lineup and anticipated gains in both towables and marine sectors. Additionally, Winnebago's focus on electric and autonomous technologies, along with a positive EPS outlook for FY26, underscores a robust trajectory for future performance.

Winnebago Industries faces multiple headwinds that contribute to a negative outlook, primarily stemming from a challenging macroeconomic environment and uncertainty surrounding consumer spending, particularly as the company trades at approximately 18 times expected FY26 earnings per share (EPS). The firm's reliance on the towables segment, which constitutes 84% of RV unit volume, may face moderation due to potential channel imbalances and weaker retail demand, while pressures from the marine cycle and inventory management risks could hinder net sales and working capital. Additionally, as the RV and marine industries typically experience cyclical fluctuations in consumer demand, any misjudgment in demand forecasting during seasonal periods poses a significant threat to Winnebago’s financial stability.