JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Viking (NYSE:VIK) Stock

Viking (NYSE:VIK) had its price target lifted by investment analysts at JPMorgan Chase & Co. from $50.00 to $58.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 21.77% from the company’s previous close.

Other research analysts have also recently issued reports about the stock. 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 upped their target price on Viking from $39.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, November 18th. Barclays restated an “equal weight” rating and issued a $49.00 price target on shares of Viking in a research report on Friday, December 13th. Bank of America increased their price objective on shares of Viking from $40.00 to $51.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Finally, Morgan Stanley raised shares of Viking from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $37.00 to $49.00 in a report on Tuesday, November 12th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $44.08.

Viking Price Performance

VIK opened at $47.63 on Friday. The stock has a fifty day moving average of $45.04 and a 200-day moving average of $38.94. Viking has a fifty-two week low of $25.71 and a fifty-two week high of $48.39.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in VIK. Avior Wealth Management LLC acquired a new position in Viking in the 3rd quarter valued at approximately $27,000. Sunbelt Securities Inc. bought a new stake in shares of Viking in the second quarter worth $68,000. SG Americas Securities LLC bought a new position in Viking during the 3rd quarter worth $181,000. Wilmington Savings Fund Society FSB acquired a new position in Viking during the 3rd quarter worth about $187,000. Finally, China Universal Asset Management Co. Ltd. bought a new stake in shares of Viking in the 3rd quarter valued at about $204,000. Institutional investors own 98.84% of the company’s stock.

Viking Company Profile

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.