BofA Securities analyst Andrew Didora maintains $Viking Holdings (VIK.US)$ with a buy rating, and adjusts the target price from $40 to $51.
According to TipRanks data, the analyst has a success rate of 54.6% and a total average return of 0.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Viking Holdings (VIK.US)$'s main analysts recently are as follows:
For Q3, it's noted that the EBITDA prediction of $487M falls short of the consensus figure of $518M, mainly due to anticipated higher costs after a mention of a shift in expense timing back in August. However, a more favorable cost outlook for Q4 brings the full-year EBITDA forecast to nearly $1.3B, aligning with general market expectations. There are multiple justifications for Viking to be valued higher than its industry counterparts, such as its upscale business model, exceptional return on invested capital, leading unit economics, advantageous net leverage, and a more robust growth trajectory.
Viking Holdings' stock has experienced recent gains but remains undervalued compared to its competitors. This presents a comparatively attractive valuation. The company is witnessing a rise in demand, an enhancement in gross margins, and the initiation of capital returns. The stock's performance has been trailing that of its main cruise industry counterparts over the past quarter despite favorable sector results and recent political events.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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