Camping World Holdings Inc. (CWH) stock is soaring 5.15% during intraday trading on Friday, as investors react positively to a new analyst coverage. The recreational vehicle retailer and services provider has caught the attention of Wall Street, driving its shares higher.

The surge in Camping World's stock price comes on the heels of Loop Capital initiating coverage on the company with a Buy rating. The financial services firm has set a price target of $17 for CWH shares, suggesting significant upside potential from current levels. This bullish stance from a reputable analyst firm has sparked renewed interest in the stock, leading to the substantial intraday gain.

Adding to the optimistic outlook, FactSet data reveals that Camping World Holdings maintains an average rating of Buy among analysts covering the stock. The mean price target stands at $18.38, further underlining the positive sentiment surrounding the company. As investors digest this new information and the broader analyst consensus, Camping World's stock continues to climb, reflecting growing confidence in the company's future prospects.