Morgan Stanley Remains a Buy on Viking Holdings (VIK)
In a report released on April 9, Stephen Grambling from Morgan Stanley maintained a Buy rating on Viking Holdings, with a price target of $79.00. The company’s shares closed yesterday at $78.26.
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According to TipRanks, Grambling is a 4-star analyst with an average return of 5.6% and a 57.70% success rate. Grambling covers the Consumer Cyclical sector, focusing on stocks such as Caesars Entertainment, Viking Holdings, and Boyd Gaming.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Viking Holdings with a $82.36 average price target, which is a 5.24% upside from current levels. In a report released yesterday, Jefferies also reiterated a Buy rating on the stock with a $90.00 price target.
Based on Viking Holdings’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.72 billion and a net profit of $299.91 million. In comparison, last year the company earned a revenue of $1.35 billion and had a net profit of $103.68 million
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