Analyst Daniel Politzer of Wells Fargo maintained a Buy rating on Viking Holdings Ltd (VIK – Research Report), with a price target of $50.00.
Daniel Politzer has given his Buy rating due to a combination of factors that highlight Viking Holdings Ltd’s strong financial performance and strategic positioning. The company’s adjusted EBITDA exceeded expectations by 3%, driven by revenue alignment and effective cost management. This consistent cost control has been evident over the past quarters, with non-fuel costs remaining flat year-over-year.
Furthermore, Viking Holdings Ltd has demonstrated robust booking trends for FY25, with 88% of capacity already booked and pricing up by 7% year-over-year. The company benefits from a long booking window and low leverage, appealing to its affluent core customer base. Despite some concerns about future bookings and competition, the company’s strategic focus on high-return investments and potential M&A opportunities supports the positive outlook, justifying the Buy rating.