#3 - Viking Holdings (NYSE:VIK)
In 2023, the cruise industry was fully operating once more. However, volume was still below 2019 levels. According to industry experts, that will change in 2024 when passenger volume is expected to exceed 2019 levels. Viking Holdings Ltd. (NYSE: VIK) takes a distinct approach to cruising that may be attractive to both travelers and investors.
The company's business model targets and caters to affluent travelers. For one thing, no children are allowed on board, and the cruise ships don't have casinos. It's a quieter experience geared toward people seeking destination-focused journeys.
Although the company has been operating since 1997, Viking only began life as a publicly traded company on May 1, 2024. There's not a lot of history for investors, but the company has a history of profitable operations. Viking will deliver its first earnings report in late May. If that confirms investors' expectations, look for analysts to get behind this stock in a big way.
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
- $45.34
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 10 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $39.58 (12.7% Downside)
