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

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

Several other research analysts have also recently weighed in on the company. Melius started coverage on Viking in a research note on Wednesday, May 22nd. They set a buy rating and a $37.00 target price for the company. JPMorgan Chase & Co. raised their target price on Viking from $37.00 to $42.00 and gave the company an overweight rating in a research note on Thursday, August 22nd. Barclays assumed coverage on Viking in a research note on Tuesday, July 2nd. They set an overweight rating and a $39.00 target price for the company. UBS Group assumed coverage on Viking in a research report on Tuesday, May 28th. They issued a buy rating and a $35.00 price target for the company. Finally, Stifel Nicolaus increased their price target on Viking from $37.00 to $39.00 and gave the company a buy rating in a research report on Friday, August 23rd. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Viking currently has a consensus rating of Moderate Buy and a consensus target price of $37.17.

Viking Stock Down 2.4 %

Shares of VIK stock opened at $32.39 on Wednesday. The company’s 50-day moving average price is $34.43. Viking has a fifty-two week low of $25.71 and a fifty-two week high of $37.25.

Institutional Investors Weigh In On Viking

A number of institutional investors have recently bought and sold shares of VIK. Valley Wealth Managers Inc. acquired a new stake in Viking during the 2nd quarter worth about $35,000. American National Bank purchased a new stake in shares of Viking during the 2nd quarter worth about $68,000. Sunbelt Securities Inc. purchased a new stake in shares of Viking during the 2nd quarter worth about $68,000. Scientech Research LLC purchased a new stake in shares of Viking during the 2nd quarter worth about $200,000. Finally, O Neil Global Advisors Inc. purchased a new stake in shares of Viking during the 2nd quarter worth about $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.