Brokerages Set Viking Holdings Ltd (NYSE:VIK) Target Price at $44.43

Shares of Viking Holdings Ltd (NYSE:VIK) have received an average rating of “Moderate Buy” from the fifteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $45.13.

A number of equities research analysts have recently commented on the company. The Goldman Sachs Group started coverage on Viking in a research report on Wednesday, January 22nd. They set a “neutral” rating and a $49.00 price target on the stock. Loop Capital initiated coverage on shares of Viking in a report on Tuesday. They set a “buy” rating and a $55.00 target price on the stock. Truist Financial upped their price target on shares of Viking from $38.00 to $49.00 and gave the company a “hold” rating in a report on Monday, December 2nd. Morgan Stanley upgraded shares of Viking from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $37.00 to $49.00 in a report on Tuesday, November 12th. Finally, JPMorgan Chase & Co. upped their target price on shares of Viking from $50.00 to $58.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th.

Hedge Funds Weigh In On Viking

Several hedge funds and other institutional investors have recently made changes to their positions in VIK. Avior Wealth Management LLC acquired a new position in Viking during the third quarter worth approximately $27,000. Golden State Wealth Management LLC acquired a new position in shares of Viking during the 4th quarter worth approximately $73,000. New York State Common Retirement Fund bought a new stake in Viking in the 4th quarter valued at $119,000. Rhumbline Advisers acquired a new stake in Viking during the 4th quarter valued at $130,000. Finally, SG Americas Securities LLC bought a new position in Viking during the third quarter worth $181,000. 98.84% of the stock is owned by institutional investors.

Viking Stock Up 2.2 %

Shares of Viking stock opened at $51.24 on Friday. The stock’s fifty day simple moving average is $46.00 and its 200 day simple moving average is $40.19. Viking has a 12 month low of $25.71 and a 12 month high of $51.99.

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.