Bank of America Securities analyst Andrew Didora has reiterated their bullish stance on VIK stock, giving a Buy rating yesterday.
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Andrew Didora has given his Buy rating due to a combination of factors that highlight Viking Holdings Ltd’s strong financial performance and unique business model. The company reported a third-quarter EBITDA that exceeded expectations by 4%, and it has improved its pricing outlook for 2026, indicating a 5.5% increase. This is particularly significant as it demonstrates Viking’s ability to capitalize on its distinct market position, which targets a higher-income, older demographic with a focus on destination-centric vacations rather than traditional cruise experiences.
Additionally, Viking Holdings has shown robust EBITDA growth and margin expansion, with net revenues surpassing estimates. Despite some cost pressures, particularly from stock-based compensation, the company’s financial health remains strong, with expectations of normalizing costs by 2026. Furthermore, Viking’s balance sheet is projected to reach a net cash position by early 2027, potentially allowing for capital returns to shareholders. These factors collectively support Andrew Didora’s Buy rating and the price objective of $70.
Didora covers the Industrials sector, focusing on stocks such as Alaska Air, Southwest Airlines, and Allegiant Travel Company. According to TipRanks, Didora has an average return of 1.5% and a 54.10% success rate on recommended stocks.
In another report released yesterday, Citi also assigned a Buy rating to the stock with a $74.00 price target.