Wells Fargo & Company Boosts Viking (NYSE:VIK) Price Target to $39.00

Viking (NYSE:VIK) had its price target increased by Wells Fargo & Company from $35.00 to $39.00 in a research report released on Wednesday, Benzinga reports. They currently have an overweight rating on the stock.

VIK has been the subject of several other reports. Barclays started coverage on Viking in a research note on Tuesday, July 2nd. They issued an overweight rating and a $39.00 price target for the company. Bank of America upped their price target on Viking from $35.00 to $40.00 and gave the stock a buy rating in a research note on Tuesday, July 23rd. Redburn Atlantic started coverage on Viking in a research note on Tuesday, May 28th. They issued a neutral rating and a $29.00 price target for the company. HSBC started coverage on Viking in a research note on Tuesday, June 25th. They issued a buy rating and a $36.00 price target for the company. Finally, Melius Research started coverage on Viking in a research note on Wednesday, May 22nd. They issued a buy rating and a $37.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Viking presently has a consensus rating of Moderate Buy and a consensus target price of $37.17.

Viking Stock Down 2.4 %

Shares of NYSE:VIK opened at $32.39 on Wednesday. The company’s 50 day moving average is $34.43. Viking has a 12-month low of $25.71 and a 12-month high of $37.25.

Institutional Trading of Viking

Several hedge funds have recently modified their holdings of VIK. Valley Wealth Managers Inc. purchased a new stake in Viking during the 2nd quarter valued at $35,000. American National Bank purchased a new stake in Viking during the 2nd quarter valued at $68,000. Sunbelt Securities Inc. purchased a new stake in Viking during the 2nd quarter valued at $68,000. Scientech Research LLC purchased a new stake in Viking during the 2nd quarter valued at $200,000. Finally, O Neil Global Advisors Inc. purchased a new stake in Viking during the 2nd quarter valued at $202,000.

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.