JPMorgan Chase & Co. Issues Positive Forecast for Viking (NYSE:VIK) Stock Price

Viking (NYSE:VIK - Get Free Report) had its target price raised by investment analysts at JPMorgan Chase & Co. from $50.00 to $58.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price target points to a potential upside of 21.77% from the stock's current price.

Other analysts also recently issued research reports about the stock. Bank of America raised their price objective on shares of Viking from $40.00 to $51.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. Truist Financial lifted their price target on shares of Viking from $38.00 to $49.00 and gave the company a "hold" rating in a research note on Monday, December 2nd. Barclays reissued an "equal weight" rating and set a $49.00 price objective on shares of Viking in a research report on Friday, December 13th. Stifel Nicolaus boosted their target price on Viking from $39.00 to $50.00 and gave the company a "buy" rating in a research report on Monday, November 18th. Finally, Citigroup started coverage on Viking in a report on Thursday, December 19th. They issued a "buy" rating and a $54.00 price target on the stock. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $44.08.

Viking Trading Up 5.5 %

NYSE VIK traded up $2.49 during trading hours on Friday, hitting $47.63. 3,899,459 shares of the company's stock were exchanged, compared to its average volume of 2,406,160. The stock has a 50-day simple moving average of $45.04 and a 200 day simple moving average of $38.90. Viking has a 1-year low of $25.71 and a 1-year high of $48.39.

Hedge Funds Weigh In On Viking

Several large investors have recently bought and sold shares of VIK. Avior Wealth Management LLC raised its holdings in shares of Viking by 37.1% in the fourth quarter. Avior Wealth Management LLC now owns 1,053 shares of the company's stock valued at $46,000 after purchasing an additional 285 shares during the last quarter. SG Americas Securities LLC increased its stake in Viking by 6,693.7% in the 4th quarter. SG Americas Securities LLC now owns 352,659 shares of the company's stock valued at $15,538,000 after buying an additional 347,468 shares during the last quarter. Simon Quick Advisors LLC increased its stake in Viking by 7.2% in the 4th quarter. Simon Quick Advisors LLC now owns 17,410 shares of the company's stock valued at $767,000 after buying an additional 1,165 shares during the last quarter. Diversify Wealth Management LLC lifted its position in shares of Viking by 3.5% during the 4th quarter. Diversify Wealth Management LLC now owns 58,416 shares of the company's stock worth $2,552,000 after buying an additional 1,960 shares in the last quarter. Finally, Merit Financial Group LLC boosted its stake in shares of Viking by 3.5% in the 4th quarter. Merit Financial Group LLC now owns 20,800 shares of the company's stock worth $916,000 after buying an additional 700 shares during the last quarter. 98.84% of the stock is currently owned by institutional investors.

Viking Company Profile

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.