Bond.az - Goldman Sachs raised its price target on Viking Holdings (NYSE:VIK) to $95 while maintaining a Buy rating. The stock trades at $86.72.
The firm noted strong pricing growth alongside capacity expansion despite weakness in cruise demand, especially for European itineraries by U.S. passengers.
Initial 2027 bookings show 38% occupancy with 11% pricing growth, exceeding expectations. Goldman Sachs sees mid-single-digit net yield growth achievable on top of 15% capacity growth.
Viking Holdings has $4 billion cash on its balance sheet, which could be used for future capital returns, potentially boosting EPS and FCF per share.
