Truist Financial Forecasts Strong Price Appreciation for Viking (NYSE:VIK) Stock

Viking (NYSE:VIK) had its price objective lifted by research analysts at Truist Financial from $38.00 to $49.00 in a research report issued on Monday,Benzinga reports. The firm presently has a “hold” rating on the stock. Truist Financial’s price objective would suggest a potential upside of 7.41% from the company’s current price.

Other analysts have also issued research reports about the stock. Morgan Stanley raised shares of Viking from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $37.00 to $49.00 in a report on Tuesday, November 12th. Wells Fargo & Company upped their price objective on Viking from $35.00 to $39.00 and gave the company an “overweight” rating in a report on Wednesday, September 4th. Stifel Nicolaus raised their price objective on shares of Viking from $39.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, November 18th. JPMorgan Chase & Co. lifted their price objective on shares of Viking from $37.00 to $42.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Finally, Bank of America raised 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. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $41.92.

Viking Price Performance

Shares of NYSE:VIK opened at $45.62 on Monday. Viking has a 12-month low of $25.71 and a 12-month high of $47.62. The stock’s 50-day moving average price is $40.59 and its two-hundred day moving average price is $35.73.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of VIK. Avior Wealth Management LLC acquired a new position in Viking in the 3rd quarter worth $27,000. Valley Wealth Managers Inc. bought a new stake in shares of Viking in the second quarter worth $35,000. American National Bank acquired a new position in Viking during the second quarter worth $68,000. Sunbelt Securities Inc. acquired a new position in Viking during the second quarter worth $68,000. Finally, SG Americas Securities LLC bought a new position in Viking in the third quarter valued at $181,000.

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.