BofA Raises Viking Holdings (VIK) PT to $80 Following Surge in Cruise Spending

Core Insights - Viking Holdings Ltd. is identified as a promising stock for long-term investment, with recent price target upgrades from multiple financial institutions indicating strong market confidence [1][2][3] Group 1: Price Target Upgrades - Bank of America raised its price target for Viking Holdings to $80 from $70, maintaining a Buy rating, citing a 10.5% year-over-year increase in monthly cruise spending in December [1] - Jefferies upgraded Viking Holdings from Hold to Buy, increasing the price target to $80 from $60, based on the company's consistent growth and strong position in the luxury travel market [2] - Citi also raised its price target for Viking Holdings to $85 from $74 while maintaining a Buy rating, although it noted potential concerns regarding consumer demand and market saturation in the Caribbean [3] Group 2: Industry Performance - The cruise sector is highlighted as a significant outlier within the travel industry, with cruise demand remaining robust despite a 1.9% decline in broader travel spending [1] - Airlines and hotels experienced declines of 4.1% and 2.4%, respectively, indicating a challenging environment for other segments of the travel industry [1] Group 3: Company Overview - Viking Holdings operates in the passenger shipping and transport sector, with activities in North America, the UK, and internationally, divided into River and Ocean segments [4]