We recently published 10 Stocks on Jim Cramer’s Radar.  Viking Holdings Ltd (NYSE:VIK) is one of the stocks on Jim Cramer's radar. Viking Holdings Ltd (NYSE:VIK) is the final cruise ship stock Cramer discussed during this appearance. On December 15th, Jefferies upgraded the shares to Hold from Buy and increased the share price target to $80 from $60. The bank commented that Viking Holdings Ltd (NYSE:VIK)’s business model and its focus on luxury cruise travel merited the optimism. These should also improve ...

Core Insights - Viking Holdings reported strong Q3 2025 results, with earnings of $1.20 per share exceeding estimates and showing year-over-year improvement [2] - Total revenues reached $1.99 billion, surpassing estimates by 0.1% and increasing by 19.1% year-over-year, driven by higher Capacity Passenger Cruise Days, occupancy, and revenue per PCD [3] - Adjusted EBITDA grew by 26.9% year-over-year to $703.5 million, supported by the same factors contributing to revenue growth [3] Financial Performance - Capacity Passenger Cruise Days increased by 11% year-over-year due to fleet expansion, which included four additional river vessels and two ocean ships [4] - Occupancy for Q3 2025 was reported at 96% [4] - Vessel operating expenses rose by 19.1% year-over-year, with expenses excluding fuel increasing by 21.7% due to fleet size growth [5] Cash Position - As of September 30, 2025, Viking Holdings had $3.03 billion in cash and cash equivalents, up from $2.6 billion in the previous quarter [6] - The company's net debt decreased to $2.75 billion from $3.22 billion in the prior quarter [6] Market Position and Outlook - Viking Holdings has a Zacks Rank of 3 (Hold), indicating an expectation of in-line returns in the coming months [10] - The company has a strong Growth Score of A but is lagging in Momentum and Value Scores, which are C [8] Industry Comparison - Viking operates within the Leisure and Recreation Services industry, where competitor Planet Fitness reported revenues of $330.35 million, reflecting a 13% year-over-year increase [11] - Planet Fitness is expected to post earnings of $0.77 per share for the current quarter, indicating a 10% year-over-year change [12]

LOS ANGELES--(BUSINESS WIRE)--Viking® (www.viking.com) (NYSE: VIK) and the Norwegian Football Federation (NFF) today announced a long-term agreement making Viking the main sponsor for the National Team Academy (Landslagsskolen) and Norway's U-level national teams. Through the "Future Vikings†program, Viking's sponsorship will help lay the foundation for Norwegian football's top talent development for at least the next five years. "We believe Norwegian football is entering a new golden age, and we are please ...

Group 1 - The article discusses Viking Holdings Ltd (VIK) and previously held a cautious stance due to concerns over valuations and net yield growth lagging [1] - Recent updates indicate a more favorable setup for Viking Holdings, suggesting potential improvements in pricing and overall performance [1] Group 2 - The author emphasizes a diverse investment approach, incorporating fundamental, technical, and momentum investing strategies to enhance the investment process [1] - The purpose of writing on Seeking Alpha is to track investment ideas and connect with like-minded investors [1]

智通财经APP获悉，对邮轮行业而言，随着加勒比海市场过度饱和以及乌克兰战争可能结束，2026年欧 洲将成为关键战场，这使得嘉年华(CCL.US)和维京(VIK.US)等运营商有望超越竞争对手。 杰富瑞的大卫·卡茨表示："我们的观点是，与专注于加勒比海的运营商相比，在欧洲市场有重大业务的 运营商应该会受益。"他对整个邮轮行业持乐观态度，但指出某些公司将在2026年凭借有利的地缘政治 发展和卓越运营表现脱颖而出。 由于业务质量不断改善且运力增长极小，嘉年华集团仍是卡茨在休闲娱乐领域的首选股。 最后，皇家加勒比邮轮维持"中性"评级，因为该公司仍然是拥有强大管理团队和商业模式的"高质量运 营商"。然而，来自陆地资产的强劲顺风可能会被预计在2026年出现的定价疲软所抵消，同时挪威邮轮 向加勒比海的转移对皇家加勒比的影响将比同行更为明显。 对于2027年，卡茨预计皇家加勒比将有更强劲的增长，因为更多陆地资产将全面投入运营，例如巴哈 马、圣托里尼和科苏梅尔的皇家海滩俱乐部，而从长期来看，皇家加勒比在技术和创新方面的领先地位 将继续保持。 同样，维京控股也将在2026年从其以欧洲为中心的航线以及面向高收入消费者的定位中受益。 ...

24/7 Wall St. Quick Read Even after the VIK stock rallied from about $57.50 to $68.75, Jefferies sees more upside ahead. After plummeting from about $67.50 to $43.85 on healthcare policy uncertainty, Morgan Stanley upgraded the DOCS stock to an overweight rating with a $65 price target. Goldman Sachs just upgraded Las Vegas Sands to a buy rating with a price target of $80 from $64 a share. If you’re thinking about retiring or know someone who is, there are three quick questions causing many Americ ...

Core Insights - The cruise line industry is experiencing a disparity in stock performance, with Norwegian Cruise Line (NCL) underperforming significantly, trading 27% lower in 2025, while Viking Holdings has seen a 54% increase this year [1][4][10] - Royal Caribbean and Carnival are performing moderately with single-digit gains, indicating a mixed recovery across the industry [2][8] Performance Comparison - NCL is the worst performer in the cruise industry, while Viking is the best performer, highlighting a significant gap in performance [1][4] - NCL's revenue growth has been between 3% and 5%, the weakest since the resumption of sailings post-pandemic, while Viking reported a 19% increase in the same period [8][14] Factors Influencing Performance - NCL's underperformance is attributed to its smaller scale compared to competitors, limiting its marketing and volume advantages [9] - Viking's luxury positioning and older, wealthier demographic make it less vulnerable to economic downturns, contributing to its strong performance [13][14] Analyst Ratings and Market Sentiment - Goldman Sachs downgraded NCL from buy to neutral, reducing its price target from $23 to $21 due to concerns about supply outstripping demand [16] - Conversely, Goldman upgraded Viking from neutral to buy, raising its price target from $66 to $78, reflecting confidence in its differentiated market position [17] Valuation Metrics - NCL is currently trading at a forward P/E of 7, considered cheap, while Viking is at a higher valuation with a forward P/E of 21 [18] - Royal Caribbean and Carnival have forward profit multiples of 13 and 11, respectively, indicating a middle ground in valuation compared to NCL and Viking [18]

Core Insights - Viking Holdings has significantly outperformed since its IPO, nearly tripling in value and defying typical IPO stock concerns [7] - Cruise stocks, particularly Viking, have shown resilience amid economic anxiety, while other consumer-facing sectors face sales challenges [2] Company Performance - Viking Holdings reported a 19.1% increase in revenue to $2 billion in its third-quarter earnings, with a fleet expansion to 100 ships [9] - The company achieved a net yield growth of 7.1% in the quarter, with 70% of its 2026 capacity already sold [9] - Viking's operating margin reached 30% during the strong third quarter, indicating robust profitability [9] Market Position - Goldman Sachs upgraded Viking Holdings due to its unique geographic exposure and limited Caribbean voyages, contrasting with Norwegian Cruise Line's market saturation issues [5][3] - Viking's differentiated business model focuses on upscale, child-free cruises primarily in Europe, catering to intellectual interests rather than typical cruise activities [8] Future Outlook - Analysts predict Viking could double its EPS growth, supported by future capital return programs, leading to a price target increase from $66 to $78 [6] - Despite its stock nearly tripling since the IPO, Viking maintains a reasonable price-to-earnings ratio of 31, suggesting further growth potential [10]

Core Viewpoint - The report summarizes significant rating changes from Wall Street that are expected to impact the market, highlighting both upgrades and downgrades across various companies and sectors [1][6]. Upgrades - Synopsys (SNPS): Rosenblatt Securities upgraded the rating from "Neutral" to "Buy," lowering the target price from $605 to $560, anticipating that Q4 results will meet market expectations after a disappointing Q3 [5]. - Eaton Corporation (ETN): Wolfe Research upgraded the rating from "In-Line" to "Outperform," setting a target price of $413, expecting benefits from electrical business orders and easing cyclical factors in 2026 [5]. - Colgate-Palmolive (CL): Royal Bank of Canada upgraded the rating from "Sector Perform" to "Outperform," maintaining a target price of $88, noting that earnings expectations are at a reasonable low despite challenges in 2026 [5]. - RPM International (RPM): Royal Bank of Canada upgraded the rating from "Sector Perform" to "Outperform," raising the target price from $121 to $132, indicating that the stock price has "bottomed out" [5]. - Viking Holdings (VIK): Goldman Sachs upgraded the rating from "Neutral" to "Buy," increasing the target price from $66 to $78, citing the company's unique geographic business layout and high-income customer focus [5]. Downgrades - Warner Bros. Discovery (WBD): Harbor Research downgraded the rating from "Buy" to "Neutral" without providing a target price, following a hostile takeover bid from Paramount [5]. - Norwegian Cruise Line (NCLH): Goldman Sachs downgraded the rating from "Buy" to "Neutral," lowering the target price from $23 to $21, citing an unfavorable risk-reward ratio due to market conditions in the Caribbean [5]. - Confluent (CFLT): Royal Bank of Canada downgraded the rating from "Outperform" to "Sector Perform," raising the target price from $30 to $31, following an acquisition agreement with IBM at $31 per share [5]. - SLM Corporation (SLM): Compass Point downgraded the rating from "Buy" to "Sell," reducing the target price from $35 to $23, after revealing updated mid-term outlooks at an investor forum [5]. - Viavi Solutions (VRT): Wolfe Research downgraded the rating from "Outperform" to "In-Line," citing valuation issues as the stock price has increased 14 times since the last upgrade [5]. Initiations - Micron Technology (MU): HSBC initiated coverage with a "Buy" rating and a target price of $330, identifying the company as a core beneficiary of the storage chip supercycle [9]. - United Airlines (UAL): Montreal Bank Capital Markets initiated coverage with an "Outperform" rating and a target price of $125, noting improvements in the industry environment and recovery in business travel [12]. - Thermo Fisher Scientific (TMO): Goldman Sachs initiated coverage with a "Buy" rating and a target price of $685, expecting the market for life science tools to return to historical growth rates [12]. - Affirm (AFRM): Wolfe Research initiated coverage with a "Sector Perform" rating, setting a fair value range of $72-$82 for the end of 2026 [10]. - Urban Outfitters (URBN): Goldman Sachs initiated coverage with a "Neutral" rating and a target price of $83, acknowledging market positioning but cautioning against high valuation risks [10].

Upgrades - Goldman Sachs upgraded Viking Holdings (VIK) to Buy from Neutral with a price target of $78, increased from $66, citing the company's differentiated geographic exposure and higher-income demographic offsetting broader cruise trends [2] - RBC Capital upgraded RPM (RPM) to Outperform from Sector Perform with a price target of $132, up from $121, believing the shares have hit a bottom [2] - RBC Capital upgraded Colgate-Palmolive (CL) to Outperform from Sector Perform with an unchanged price target of $88, noting that estimates and expectations are appropriately low despite a difficult environment in 2026 [2] - Wolfe Research upgraded Eaton (ETN) to Outperform from Peer Perform with a price target of $413, expecting benefits from the company's electrical backlog conversion and easing cyclical tailwinds in 2026 [2] - Rosenblatt upgraded Synopsys (SNPS) to Buy from Neutral with a price target of $560, down from $605, anticipating an in-line quarter following a Q3 miss and guidance cut, with the stock having declined approximately 30% since the Q3 report [3] Downgrades - Seaport Research downgraded Warner Bros. Discovery (WBD) to Neutral from Buy without a price target, following news of a new hostile offer from Paramount Skydance at $30 per share [4] - Goldman Sachs downgraded Norwegian Cruise Line (NCLH) to Neutral from Buy with a price target of $21, down from $23, due to a less favorable risk/reward outlook for 2026 given the supply/demand dynamics in the Caribbean [4] - RBC Capital downgraded Confluent (CFLT) to Sector Perform from Outperform with a price target of $31, up from $30, after the company agreed to be acquired by IBM for $31 per share in cash, with multiple firms also downgrading the stock to Neutral-equivalent ratings [4] - Compass Point double downgraded SLM (SLM) to Sell from Buy with a price target of $23, down from $35, after the company presented an updated medium-term outlook reflecting expected growth from the Grad PLUS opportunity [4] - Wolfe Research downgraded Vertiv (VRT) to Peer Perform from Outperform without a price target, citing valuation concerns as shares have increased 14 times since the December 2022 upgrade [4]