Viking (NYSE:VIK) Given New $90.00 Price Target at Citigroup

Viking (NYSE:VIK) had its target price boosted by Citigroup from $88.00 to $90.00 in a research report released on Monday morning,Benzinga reports. Citigroup currently has a buy rating on the stock.

A number of other analysts have also recently issued reports on the company. Wells Fargo & Company reduced their price objective on Viking from $82.00 to $78.00 and set an “equal weight” rating for the company in a research report on Friday, March 20th. Wall Street Zen cut Viking from a “buy” rating to a “hold” rating in a research report on Monday. Bank of America lifted their price objective on Viking from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, January 12th. UBS Group raised their target price on Viking from $79.00 to $83.00 and gave the company a “buy” rating in a report on Wednesday, March 11th. Finally, Jefferies Financial Group upgraded Viking from a “hold” rating to a “buy” rating and raised their target price for the company from $60.00 to $80.00 in a report on Monday, December 15th. Ten investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Viking presently has an average rating of “Moderate Buy” and a consensus target price of $75.29.

Viking Price Performance

VIK opened at $78.21 on Monday. The stock has a market cap of $34.86 billion, a price-to-earnings ratio of 30.43, a PEG ratio of 1.42 and a beta of 1.90. Viking has a 1 year low of $36.99 and a 1 year high of $81.48. The company has a current ratio of 0.79, a quick ratio of 0.77 and a debt-to-equity ratio of 4.76. The stock has a fifty day moving average price of $74.29 and a 200 day moving average price of $68.74.

Viking (NYSE:VIK) last released its quarterly earnings data on Saturday, February 14th. The company reported $0.67 earnings per share (EPS) for the quarter. The firm had revenue of $1.72 billion during the quarter. Viking had a return on equity of 240.75% and a net margin of 17.65%. Analysts forecast that Viking will post 1.49 EPS for the current fiscal year.

Insiders Place Their Bets

In other Viking news, EVP Jeffrey Dash sold 28,631 shares of the firm’s stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of $80.22, for a total transaction of $2,296,778.82. Following the transaction, the executive vice president directly owned 466,391 shares in the company, valued at $37,413,886.02. This trade represents a 5.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Hedge Funds Weigh In On Viking

Institutional investors have recently bought and sold shares of the stock. World Investment Advisors bought a new position in shares of Viking in the fourth quarter worth about $1,151,000. Virtu Financial LLC bought a new position in shares of Viking in the fourth quarter worth about $386,000. Invesco Ltd. increased its stake in shares of Viking by 4.1% in the fourth quarter. Invesco Ltd. now owns 14,619,029 shares of the company’s stock worth $1,043,945,000 after purchasing an additional 570,672 shares during the period. Mercer Global Advisors Inc. ADV bought a new position in shares of Viking in the fourth quarter worth about $2,885,000. Finally, Blue Chip Partners LLC increased its stake in shares of Viking by 16.9% in the fourth quarter. Blue Chip Partners LLC now owns 14,982 shares of the company’s stock worth $1,070,000 after purchasing an additional 2,169 shares during the period. 98.84% of the stock is currently owned by institutional investors.

Key Stories Impacting Viking

Here are the key news stories impacting Viking this week:

• Positive Sentiment: Citigroup raised its price target on VIK to $90 and maintained a “buy” rating, implying roughly 15% upside from the stock’s recent level — a clear analyst-driven positive catalyst. Citigroup raises VIK price target to $90
• Positive Sentiment: Viking is expanding river cruise itineraries with new voyages along India’s Brahmaputra River, broadening product offerings and potential revenue streams in a high-growth luxury travel segment. Viking expands river voyages on the Brahmaputra
• Positive Sentiment: Engineering/operations update: Viking’s new Helix evacuation system simplifies ship evacuation at speed, which supports safety credentials and could reduce operational risk and insurance/operating costs over time. New Viking Helix evacuation system
• Positive Sentiment: Analyst/industry coverage: A recent investor piece highlights Viking’s ability to command premium pricing from its high-end customer base, supporting margin resilience versus peers. Fool: 2 cruise line stocks to buy
• Neutral Sentiment: Viking opened a U.S. trading window as a separate report mentions a “tungsten push” accelerating — coverage that may be operationally relevant but lacks clear, immediate financial impact. Viking opens US trading window
• Neutral Sentiment: Media/features and comparisons (brand perception): pieces comparing Viking with peers and reviewing the quality of Viking Cruises are circulating; useful for demand/brand checks but not direct near-term earnings drivers. Comparing Target Hospitality and Viking
• Neutral Sentiment: Some coverage references Viking Therapeutics (VKTX) — a different company/ticker — which can cause confusion among retail readers but does not affect VIK’s fundamentals. Viking Therapeutics coverage (different ticker)
• Negative Sentiment: Barclays cut its price target on VIK to $76, signaling at least one major bank’s more cautious near-term view — a potential headwind for sentiment if other shops follow. Barclays cuts VIK price target to $76

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.