Wells Fargo & Company Boosts Viking (NYSE:VIK) Price Target to $39.00

Viking (NYSE:VIK) had its price target upped by Wells Fargo & Company from $35.00 to $39.00 in a research report sent to investors on Wednesday morning, Benzinga reports. The firm currently has an overweight rating on the stock.

Several other equities analysts have also recently commented on the company. Bank of America increased their target price on Viking from $35.00 to $40.00 and gave the company a buy rating in a research note on Tuesday, July 23rd. Truist Financial initiated coverage on Viking in a research report on Friday, June 21st. They set a hold rating and a $38.00 price target on the stock. JPMorgan Chase & Co. upped their price target on Viking from $37.00 to $42.00 and gave the company an overweight rating in a research report on Thursday, August 22nd. Melius initiated coverage on Viking in a research report on Wednesday, May 22nd. They set a buy rating and a $37.00 price target on the stock. Finally, Stifel Nicolaus upped their price target on Viking from $37.00 to $39.00 and gave the company a buy rating in a research report on Friday, August 23rd. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus price target of $37.17.

Viking Price Performance

Viking stock opened at $32.39 on Wednesday. The firm’s 50 day simple moving average is $34.43. Viking has a 52 week low of $25.71 and a 52 week high of $37.25.

Institutional Investors Weigh In On Viking

Several large investors have recently added to or reduced their stakes in the stock. Valley Wealth Managers Inc. acquired a new position in shares of Viking during the second quarter valued at $35,000. Sunbelt Securities Inc. acquired a new position in shares of Viking during the second quarter valued at $68,000. American National Bank acquired a new position in shares of Viking during the second quarter valued at $68,000. Scientech Research LLC acquired a new position in shares of Viking during the second quarter valued at $200,000. Finally, O Neil Global Advisors Inc. acquired a new position in shares of Viking during the second quarter valued at $202,000.

Viking Company Profile

Viking Holdings Ltd engages in the passenger shipping and other forms of passenger transport in North America, the United Kingdom, and internationally. It operates through River and Ocean segments. The company also operates as a tour entrepreneur for passengers and related activities in tourism. As of December 31, 2023, it operated a fleet of 92 ships, including 81 river vessels comprising 58 Longships, 10 smaller classes based on the Longship design, 11 other river vessels, and 1 river vessel charter and the Viking Mississippi; 9 ocean ships; and 2 expedition ships.