Craig-Hallum analyst Eric Des Lauriers assumed coverage of Lindblad Expeditions (LIND) with a Buy rating and $16 price target. Beyond being a beneficiary of long-term secular trends of increasing consumer spend on experiences, the firm sees accelerating growth and expanding margins in 2025, primarily as a result of the extended and expanded relationship with National Geographic and parent company Disney (DIS) that vastly increases the company’s customer outreach capabilities. This extended partnership is already having a material impact on occupancy rates, and management is highly confident in occupancy rates returning to pre-COVID levels of 90%-plus by 2026, Craig-Hallum says. At the same time, the company is expanding its fleet and on the Q1 call announced expansion into the highly popular European river cruise market.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LIND:
- Lindblad Expeditions initiated with a Buy at Texas Capital
- Lindblad Expeditions Holdings: Promising Outlook with Strong Q1 Performance and Strategic Partnerships Justifies Buy Rating
- Lindblad Expeditions price target lowered to $17 from $18 at Stifel
- Lindblad Expeditions Reports Strong Q1 2025 Results
- Lindblad Expeditions Reports Strong Earnings Growth