Viking Holdings Ltd (NYSE:VIK) Receives $41.92 Average Target Price from Analysts

Shares of Viking Holdings Ltd (NYSE:VIK) have earned a consensus recommendation of “Moderate Buy” from the twelve brokerages that are covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $41.92.

VIK has been the topic of a number of recent research reports. Morgan Stanley raised shares of Viking from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $37.00 to $49.00 in a research report on Tuesday, November 12th. Truist Financial raised their target price on shares of Viking from $38.00 to $49.00 and gave the stock a “hold” rating in a report on Monday, December 2nd. Stifel Nicolaus lifted their price target 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. Barclays reissued an “equal weight” rating and set a $49.00 price target on shares of Viking in a research report on Friday. Finally, Wells Fargo & Company raised their price objective on Viking from $35.00 to $39.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 4th.

Hedge Funds Weigh In On Viking

A number of institutional investors have recently modified their holdings of the business. Canada Pension Plan Investment Board acquired a new stake in Viking in the second quarter valued at about $2,063,879,000. Select Equity Group L.P. acquired a new stake in shares of Viking in the 2nd quarter valued at approximately $145,989,000. Massachusetts Financial Services Co. MA bought a new stake in shares of Viking during the 2nd quarter valued at approximately $73,247,000. Forest Avenue Capital Management LP bought a new stake in shares of Viking during the second quarter worth $58,008,000. Finally, D1 Capital Partners L.P. increased its holdings in shares of Viking by 192.9% during the third quarter. D1 Capital Partners L.P. now owns 2,586,161 shares of the company’s stock worth $90,231,000 after buying an additional 1,703,301 shares in the last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.

Viking Stock Up 1.4 %

Shares of NYSE VIK opened at $46.11 on Friday. The stock’s fifty day moving average price is $42.70 and its two-hundred day moving average price is $36.87. Viking has a one year low of $25.71 and a one year high of $47.62.

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.