Mizuho upgrades Viking Holdings stock rating on normalized valuation

Barclays upgraded Viking Holdings (VIK) to Overweight, raising its price target to $102, citing resilience and growth prospects. VIK's share price has dropped 30% since August due to low river levels in Europe. The company trades at a P/E ratio of 27.05x, below its 5-year median of 31.37x, with a market cap of $36.40 billion.

Barclays upgraded Viking Holdings (VIK) to Overweight, raising its price target to $102 from $90. The firm cited a strong entry point after a weather-driven pullback and named Viking its top pick in the cruise sector. Viking shares indicated a 3.3% gain in pre-market trading. Barclays views the sell-off as temporary and expects a key earnings reset in the third quarter.

Barclays upgraded Viking Holdings (NYSE:VIK) to Overweight, raising its price target to $102 from $90. The upgrade is based on an attractive pullback opportunity due to low European river levels, despite strong fundamentals. Viking reported 20% revenue growth and a return on equity of 142%. The company also announced a $1 billion share repurchase program. Analysts have mixed outlooks, with UBS and JPMorgan maintaining Buy/Overweight ratings but adjusting price targets.

Citi Research analyst James Hardiman removed the negative catalyst watch on Viking Holdings (VIK), maintaining a Buy rating and a $113 price target, implying 45% upside from the recent closing price of $80.09. The stock has declined 11% over the past three weeks due to operational disruptions from low river levels, which Hardiman believes are now fully priced in.

JPMorgan reduced its price target for Viking Holdings (NYSE:VIK) to $131 from $138, citing growth outlook. The stock trades at $80.51 with a P/E ratio of 26.8. Management expects mid-teens revenue growth and high-teens EBITDA growth. Analysts have mixed views, with some revising earnings downwards. Viking announced a $1 billion share repurchase program.

Viking Holdings Ltd (VIK) stock rose 2.2% in after-hours trading after the company's board authorized a $1 billion share repurchase program, reflecting confidence in its long-term outlook and cash flow generation. CEO Leah Talactac highlighted the flexibility to return capital to shareholders. Earlier, Citi placed a 'downside 30-day catalyst watch' on the stock, but the buyback news reversed that pressure. The broader U.S. equity market was flat, and the cruise sector faces Q3 operational concer