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Viking Holdings (VIK) Gets a Buy from Wells Fargo

Tipranks - Tipranks - Tue Jun 23, 8:34AM CDT

Wells Fargo analyst Trey Bowers maintained a Buy rating on Viking Holdings today and set a price target of $109.00.

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According to TipRanks, Bowers is an analyst with an average return of -3.5% and a 50.75% success rate. Bowers covers the Consumer Cyclical sector, focusing on stocks such as Royal Caribbean, Carnival, and Caesars Entertainment.

In a report released on June 10, Bernstein also maintained a Buy rating on the stock with a $120.00 price target.

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Based on Viking Holdings’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.05 billion and a GAAP net loss of $54.38 million. In comparison, last year the company earned a revenue of $897.06 million and had a GAAP net loss of $105.47 million

Based on the recent corporate insider activity of 13 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of VIK in relation to earlier this year. Earlier this month, Jeffrey Dash, the EVP BD of VIK sold 621.00 shares for a total of $56,579.31.

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