Viking Holdings Shares Climb 3.4% After Wells Fargo, Citigroup Lift Targets
Viking Holdings shares rose 3.4% to $86.58 after Wells Fargo upgraded the rating to overweight and set a $109 target, with Citigroup boosting its target to $101 and the stock up 77% year-over-year on a record-high signal. The company reported a Q1 loss as revenues trailed estimates despite higher capacity PCDs.
1. Analyst Upgrades and Price Targets
Wells Fargo upgraded Viking Holdings to overweight and raised its price target to $109 from $79, while Citigroup lifted its target to $101 from $90, reflecting confidence in the company’s travel fundamentals.
2. Stock Performance and Bull Signal
Shares jumped 3.4% to $86.58 and recently hit a record $92 as the stock has gained 77% year-over-year; the 10-day put/call volume ratio sits at the 92nd percentile, a historic bull signal that has averaged a 9.9% one-month return.
3. Q1 Financial Results
Viking Holdings incurred a first-quarter loss as revenues, supported by increased Capacity Passenger Cruise Days and higher revenue per PCD, fell short of consensus estimates.