Viking (NYSE:VIK) Hits New 52-Week High on Analyst Upgrade

Viking Holdings Ltd. (NYSE:VIK) shares reached a new 52-week high during trading on Thursday after Wells Fargo & Company raised their price target on the stock from $109.00 to $128.00. Wells Fargo & Company currently has an overweight rating on the stock. Viking traded as high as $110.09 and last traded at $108.3110, with a volume of 1916236 shares changing hands. The stock had previously closed at $107.52.

Several other research analysts also recently issued reports on VIK. Stifel Nicolaus set a $105.00 price objective on Viking in a report on Friday, May 15th. Weiss Ratings cut Viking from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 18th. Barclays boosted their target price on Viking from $88.00 to $93.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 8th. BMO Capital Markets initiated coverage on Viking in a research note on Tuesday, July 7th. They set an “outperform” rating and a $115.00 price target on the stock. Finally, Citigroup raised their price target on Viking from $101.00 to $113.00 and gave the company a “buy” rating in a report on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $105.11.

Insider Transactions at Viking

In other Viking news, EVP Richard Marnell sold 11,287 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $92.85, for a total value of $1,047,997.95. Following the transaction, the executive vice president directly owned 117,050 shares of the company’s stock, valued at approximately $10,868,092.50. This trade represents a 8.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 17,566 shares of company stock valued at $1,640,166 over the last quarter.

Key Viking News

Here are the key news stories impacting Viking this week:

• Positive Sentiment: Analyst upgrade and higher price target: Wells Fargo raised its price target on Viking from $109 to $128 and upgraded the stock to “overweight,” implying approximately 20.7% upside from the referenced price. The upgrade helped drive the shares to a new 12-month high and signals confidence in the company’s growth outlook. Benzinga report on Wells Fargo price-target increase
• Positive Sentiment: New voyage bookings opened: Viking began accepting reservations for its 2028–2029 ocean voyages. Opening bookings this far in advance supports visibility into future demand and could help strengthen the company’s long-term revenue pipeline. Viking Opens Bookings for 2028–2029 Ocean Voyages
• Neutral Sentiment: Second-quarter results ahead: Viking scheduled a conference call to discuss its second-quarter 2026 financial results. Investors will focus on bookings, pricing, occupancy, guidance and demand trends when results are released. Viking Schedules Conference Call on Second Quarter 2026 Financial Results
• Negative Sentiment: Profit-taking risk after rally: The stock recently reached a new 12-month high, so some investors may be locking in gains, particularly with the shares trading at a relatively elevated valuation. This could explain near-term weakness despite the favorable analyst call and booking news. Viking Hits New 12-Month High on Analyst Upgrade

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in VIK. Basecamp Wealth Advisors LLC bought a new stake in Viking in the first quarter valued at about $25,000. Newbridge Financial Services Group Inc. bought a new position in Viking during the third quarter worth about $26,000. Activest Wealth Management grew its position in shares of Viking by 19,500.0% during the 4th quarter. Activest Wealth Management now owns 392 shares of the company’s stock worth $28,000 after buying an additional 390 shares during the period. Bank of Jackson Hole Trust acquired a new position in shares of Viking during the 4th quarter worth about $28,000. Finally, Cornerstone Planning Group LLC increased its stake in shares of Viking by 316.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 416 shares of the company’s stock valued at $29,000 after acquiring an additional 316 shares during the last quarter. 98.84% of the stock is currently owned by institutional investors.

Viking Trading Down 2.1%

The company has a market capitalization of $47.25 billion, a P/E ratio of 39.41, a PEG ratio of 1.24 and a beta of 1.50. The business has a 50 day moving average price of $98.58 and a 200 day moving average price of $84.54. The company has a current ratio of 0.78, a quick ratio of 0.76 and a debt-to-equity ratio of 5.27.

Viking (NYSE:VIK) last released its quarterly earnings data on Thursday, May 14th. The company reported ($0.11) earnings per share for the quarter, hitting the consensus estimate of ($0.11). The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.01 billion. Viking had a net margin of 18.00% and a return on equity of 149.40%. Viking’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.24) EPS. Analysts anticipate that Viking Holdings Ltd. will post 3.32 EPS for the current year.

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.