Analysts Set Viking Holdings Ltd (NYSE:VIK) Price Target at $40.50

Viking Holdings Ltd (NYSE:VIK) has received an average rating of “Moderate Buy” from the twelve brokerages that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $41.00.

A number of analysts have weighed in on the company. JPMorgan Chase & Co. boosted their price target on Viking from $37.00 to $42.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. Wells Fargo & Company boosted their price objective on shares of Viking from $35.00 to $39.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 4th. Bank of America lifted their target price on shares of Viking from $40.00 to $51.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Stifel Nicolaus raised their price target on Viking from $39.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, November 18th. Finally, Morgan Stanley upgraded Viking from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $37.00 to $49.00 in a research note on Tuesday, November 12th.

Institutional Trading of Viking

A number of hedge funds have recently modified their holdings of VIK. Canada Pension Plan Investment Board bought a new position in shares of Viking during the 2nd quarter worth about $2,063,879,000. FMR LLC raised its position in Viking by 27.8% in the third quarter. FMR LLC now owns 6,979,454 shares of the company’s stock worth $243,513,000 after purchasing an additional 1,518,773 shares in the last quarter. Select Equity Group L.P. bought a new position in Viking during the second quarter worth about $145,989,000. Massachusetts Financial Services Co. MA boosted its holdings in Viking by 36.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,951,929 shares of the company’s stock valued at $102,993,000 after purchasing an additional 793,795 shares in the last quarter. Finally, D1 Capital Partners L.P. grew its stake in shares of Viking by 192.9% in the 3rd quarter. D1 Capital Partners L.P. now owns 2,586,161 shares of the company’s stock valued at $90,231,000 after purchasing an additional 1,703,301 shares during the period.

Viking Price Performance

VIK stock opened at $45.78 on Tuesday. The firm has a 50 day moving average of $39.05 and a two-hundred day moving average of $34.96. Viking has a 12 month low of $25.71 and a 12 month high of $46.41.

About Viking

Viking Holdings Ltd engages in the passenger shipping and other forms of passenger transport in North America, the United Kingdom, and internationally. It operates through River and Ocean segments. The company also operates as a tour entrepreneur for passengers and related activities in tourism. As of December 31, 2023, it operated a fleet of 92 ships, including 81 river vessels comprising 58 Longships, 10 smaller classes based on the Longship design, 11 other river vessels, and 1 river vessel charter and the Viking Mississippi; 9 ocean ships; and 2 expedition ships.