Stock for LCI Industries hit a new 52-week high on Friday (Dec. 1) and has $141.65 price target, or 9% above, its $129.95 share price.

The eigth-months bullish chart indicates low risk for the $3.24 billion company. The one-year high was reported on Dec. 2 by Barchart.com. If the $141.65 price target is reached, the company will be worth $291.69 million higher.

The Weekly Register reported that the 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. 

LCI has risen 20.95% since Dec. 2, 2016 and continues to trend upward. It has outperformed by 4.25% the S&P500.

LCI will report earnings on Feb. 8.