Viking Holdings' Premium Valuation Warrants A More Favorable Entry Point: Analyst

Goldman Sachs analyst Lizzie Dove initiated coverage on Viking Holdings Ltd VIK with a Neutral rating and price forecast of $49.The analyst highlights that Viking Holdings’ business model has strong appeal due to its high exposure to a growing demographic booking ahead at higher prices and its industry-leading category expansion, which boosts revenue growth.However, due to the stock rising 73% since its IPO in May 2024 and a valuation premium compared to Royal Caribbean Cruises Ltd. RCL, the analyst is look ...