Viking (NYSE:VIK) Coverage Initiated by Analysts at The Goldman Sachs Group

Investment analysts at The Goldman Sachs Group began coverage on shares of Viking (NYSE:VIK) in a note issued to investors on Wednesday, MarketBeat Ratings reports. The firm set a “neutral” rating and a $49.00 price target on the stock. The Goldman Sachs Group’s target price suggests a potential upside of 1.15% from the company’s current price.

Several other equities research analysts also recently issued reports on the stock. Citigroup assumed coverage on shares of Viking in a research report on Thursday, December 19th. They set a “buy” rating and a $54.00 price objective for the company. Bank of America lifted their target price on Viking from $40.00 to $51.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Morgan Stanley raised shares of Viking from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $37.00 to $49.00 in a report on Tuesday, November 12th. Stifel Nicolaus raised their price target on Viking from $39.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, November 18th. Finally, Truist Financial increased their price objective on shares of Viking from $38.00 to $49.00 and gave the stock a “hold” rating in a research note on Monday, December 2nd. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $44.43.

Viking Stock Performance

NYSE VIK opened at $48.45 on Wednesday. The firm has a 50-day moving average of $45.16 and a 200-day moving average of $39.17. Viking has a 52-week low of $25.71 and a 52-week high of $49.91.

Institutional Investors Weigh In On Viking

Several hedge funds have recently modified their holdings of the company. Avior Wealth Management LLC bought a new position in Viking in the third quarter valued at about $27,000. Sunbelt Securities Inc. acquired a new position in shares of Viking in the second quarter valued at approximately $68,000. SG Americas Securities LLC bought a new position in Viking in the 3rd quarter valued at approximately $181,000. Wilmington Savings Fund Society FSB acquired a new stake in Viking during the 3rd quarter worth approximately $187,000. Finally, China Universal Asset Management Co. Ltd. acquired a new stake in Viking during the 3rd quarter worth approximately $204,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

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.