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

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

Several equities research analysts have recently commented on the stock. Truist Financial lifted their price target on shares of Viking from $38.00 to $49.00 and gave the stock a “hold” rating in a research report on Monday, December 2nd. Stifel Nicolaus lifted their price objective on Viking from $39.00 to $50.00 and gave the company a “buy” rating in a report on Monday, November 18th. Bank of America upped their target price 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. Barclays reaffirmed an “equal weight” rating and issued a $49.00 target price on shares of Viking in a research report on Friday, December 13th. Finally, Wells Fargo & Company boosted their target price on shares of Viking from $35.00 to $39.00 and gave the stock an “overweight” rating in a report on Wednesday, September 4th.

Institutional Investors Weigh In On Viking

A number of institutional investors have recently modified their holdings of the company. Franklin Resources Inc. grew its stake in Viking by 25.7% in the third quarter. Franklin Resources Inc. now owns 4,090,768 shares of the company’s stock valued at $154,931,000 after acquiring an additional 836,353 shares during the period. Wilmington Savings Fund Society FSB bought a new position in Viking during the 3rd quarter valued at $187,000. Y Intercept Hong Kong Ltd raised its holdings in shares of Viking by 120.7% in the third quarter. Y Intercept Hong Kong Ltd now owns 23,356 shares of the company’s stock valued at $815,000 after purchasing an additional 12,771 shares during the last quarter. XTX Topco Ltd purchased a new position in Viking during the third quarter worth about $1,344,000. Finally, Zimmer Partners LP grew its position in Viking by 70.0% in the 3rd quarter. Zimmer Partners LP now owns 1,062,500 shares of the company’s stock worth $37,071,000 after purchasing an additional 437,500 shares in the last quarter. 98.84% of the stock is owned by institutional investors.

Viking Stock Performance

VIK stock opened at $43.38 on Friday. The company has a 50 day moving average price of $42.88 and a 200 day moving average price of $36.97. Viking has a fifty-two week low of $25.71 and a fifty-two week high of $47.62.

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.