#6 - Viking Holdings (NYSE:VIK)
Cruise line Viking Holdings Ltd. (NYSE: VIK) is a relative newcomer to investors. The company went public in 2024 but is already up 42.7%.
The stock price growth is backed by strong fundamentals. Topline revenue more than doubled between the first and second quarters and continued to grow sequentially in the third quarter. The same is true of earnings per share (EPS). The company posted positive EPS in the second quarter and increased that by over 5% in the third quarter.
Viking's business model focuses on a specific traveler. Its ships do not have onboard casinos, nor do they allow passengers under 21 years of age. These aren't traveling cities, but they’re popular, and that demand is set to continue into 2025. Analysts are forecasting 70% revenue growth for VIK stock.
Although short interest is a small part of the company’s float, it shot higher in the month ending December 4. A pullback would be welcome news for investors looking to start a position in a stock that looks to continue its strong growth in 2025.
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.
Read More - Current Price
- $42.96
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 10 Buy Ratings, 3 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $42.85 (0.3% Downside)
