Goldman Sachs Upgrades Viking Holdings (VIK) to Buy

Goldman Sachs analyst Lizzie Dove upgraded Viking Holdings (NYSE: VIK) from Neutral to Buy with a price target of $78.00 (from $66.00).

The analyst comments: "In a world where there has been uncertainty around cruise and the consumer more generally, the benefits of VIK’s differentiated geographic exposure and higher-income demographic have offset the choppier broader cruise trend and shone through in recent months, with a nice acceleration in the 2026 pricing curve and comfort in its insulation given its ~LSD% exposure to the Caribbean. We expect this status to continue and believe that 1) VIK's pricing power and mix shift into more exotic itineraries are still underappreciated, and 2) the Street is over-estimating cost growth, and that future potential capital returns program could double FCF/share and EPS growth, assuming leverage holds at ~1.5X. As such, we raise our estimates across the board and our 12-month price target to $78 from $66."

For an analyst ratings summary and ratings history on Viking Holdings click here. For more ratings news on Viking Holdings click here.

Shares of Viking Holdings closed at $66.68 yesterday.

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