Viking (NYSE:VIK) Price Target Raised to $128.00

Viking (NYSE:VIK) had its target price increased by Wells Fargo & Company from $109.00 to $128.00 in a report published on Wednesday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

A number of other equities analysts have also commented on VIK. UBS Group reiterated a “buy” rating and set a $100.00 price target on shares of Viking in a report on Wednesday, May 27th. JPMorgan Chase & Co. boosted their price objective on shares of Viking from $87.00 to $104.00 and gave the stock an “overweight” rating in a research note on Monday, April 27th. Morgan Stanley increased their price objective on Viking from $86.00 to $93.00 and gave the company an “equal weight” rating in a report on Thursday, July 9th. Mizuho raised their target price on Viking from $69.00 to $75.00 and gave the stock an “underperform” rating in a research report on Friday, May 15th. Finally, Citigroup lifted their target price on Viking from $101.00 to $113.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $105.11.

Viking Stock Performance

Viking stock opened at $105.62 on Wednesday. The business has a 50 day moving average of $98.86 and a 200-day moving average of $84.69. Viking has a 1 year low of $55.55 and a 1 year high of $110.09. The company has a debt-to-equity ratio of 5.27, a current ratio of 0.78 and a quick ratio of 0.76. The company has a market capitalization of $47.07 billion, a P/E ratio of 39.26, a P/E/G ratio of 1.22 and a beta of 1.50.

Viking (NYSE:VIK) last issued its quarterly earnings data on Thursday, May 14th. The company reported ($0.11) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.11). Viking had a net margin of 18.00% and a return on equity of 149.40%. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter last year, the business earned ($0.24) EPS. The firm’s quarterly revenue was up 17.5% on a year-over-year basis. On average, equities research analysts predict that Viking will post 3.32 earnings per share for the current year.

Insider Activity

In other news, EVP Richard Marnell sold 11,287 shares of the company’s stock in a transaction 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 sale, the executive vice president directly owned 117,050 shares of the company’s stock, valued at approximately $10,868,092.50. This represents a 8.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In the last 90 days, insiders have sold 17,566 shares of company stock valued at $1,640,166.

Hedge Funds Weigh In On Viking

A number of hedge funds have recently bought and sold shares of VIK. Basecamp Wealth Advisors LLC bought a new stake in Viking during the first quarter valued at $25,000. Newbridge Financial Services Group Inc. bought a new position in shares of Viking in the 3rd quarter worth about $26,000. Activest Wealth Management lifted its stake in shares of Viking by 19,500.0% in the 4th quarter. Activest Wealth Management now owns 392 shares of the company’s stock valued at $28,000 after purchasing an additional 390 shares during the period. Bank of Jackson Hole Trust acquired a new position in shares of Viking in the 4th quarter valued at about $28,000. Finally, Cornerstone Planning Group LLC lifted 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 purchasing an additional 316 shares during the period. Institutional investors own 98.84% of the company’s stock.

Key Viking News

Here are the key news stories impacting Viking this week:

• Positive Sentiment: Wells Fargo raised its price target for Viking to $128, reinforcing the bullish analyst view and implying additional upside from recent trading levels. Wells Fargo Increases Viking Price Target
• Positive Sentiment: Viking took delivery of the Viking Ptah, its newest Egypt river ship. The addition expands the company’s Nile River fleet and its ability to serve demand for Egypt itineraries, although the financial impact will develop over time. Viking Takes Delivery of Newest Egypt Ship
• Positive Sentiment: Viking opened bookings for its 2028–2029 ocean voyages. Early availability of future sailings may help extend the company’s booking pipeline and provides a signal of continued long-term demand for its ocean products. Viking Opens Bookings for 2028–2029 Ocean Voyages
• Neutral Sentiment: Viking scheduled a conference call to discuss its second-quarter 2026 financial results. The announcement itself does not change earnings expectations, but the report and management commentary could drive the next significant move in VIK by updating investors on bookings, pricing, margins and guidance. Viking Sets Date for Q2 2026 Earnings Call

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.