Viking (NYSE:VIK) Hits New 1-Year High Following Analyst Upgrade

Viking Holdings Ltd (NYSE:VIK) reached a new 52-week high during mid-day trading on Friday after JPMorgan Chase & Co. raised their price target on the stock from $50.00 to $58.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. Viking traded as high as $47.84 and last traded at $47.53, with a volume of 1067114 shares. The stock had previously closed at $45.14.

A number of other analysts also recently weighed in on VIK. Barclays restated an “equal weight” rating and issued a $49.00 price target on shares of Viking in a research note on Friday, December 13th. Morgan Stanley upgraded shares of Viking from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $37.00 to $49.00 in a report on Tuesday, November 12th. Stifel Nicolaus upped their target price on shares of Viking from $39.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, November 18th. Truist Financial boosted their price target on Viking from $38.00 to $49.00 and gave the stock a “hold” rating in a research note on Monday, December 2nd. Finally, Bank of America boosted their price objective on shares of Viking from $40.00 to $51.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $44.08.

Hedge Funds Weigh In On Viking

Several large investors have recently added to or reduced their stakes in the business. Avior Wealth Management LLC acquired a new position in shares of Viking during the 3rd quarter valued at about $27,000. Sunbelt Securities Inc. acquired a new position in Viking during the second quarter worth approximately $68,000. SG Americas Securities LLC purchased a new position in Viking during the third quarter worth approximately $181,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Viking in the 3rd quarter valued at $187,000. Finally, Scientech Research LLC purchased a new stake in shares of Viking during the 2nd quarter valued at $200,000. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Viking Trading Up 5.3 %

The business has a fifty day moving average price of $44.96 and a 200 day moving average price of $38.80.

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.