Viking Holdings Stock Climbs After Wells Fargo Upgrade Cites Booming Cruise Bookings

Aditya Raghunath4 minute read
Reviewed by: Thomas Richmond
Last updated May 19, 2026

Key Stats for Viking Holdings Stock

  • Price change for Viking Holdings stock: 3%
  • $VIK Stock Price as of May. 18: $86
  • 52-Week High: $92
  • $VIK Stock Price Target: $94

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What Happened?

Viking Holdings (VIK) stock jumped after Wells Fargo upgraded shares from equal weight to overweight and raised its price target from $79 to $109. That new target implies roughly 26% upside from current levels. Citigroup also raised its price target, moving from $90 to $101.

  • Wells Fargo pointed to stronger-than-expected bookings and resilient customer demand despite ongoing concerns around the Iran conflict in the Middle East.
  • The numbers back that up.
  • Advanced bookings for 2027 are already 31% ahead of where they stood at the same point last year.
  • The company is also already 92% booked for the 2026 season.

Viking’s Q1 results were solid across the board.

  • Total revenue rose 17.5% year-over-year to just over $1 billion.
  • Adjusted EBITDA jumped almost 44% compared to the same quarter last year.
  • Net yield — essentially revenue per passenger day — came in at $596, up nearly 10% year-over-year.
VIK Stock Revenue, EBIT and Free Cash Flow Estimates in Billion USD (TIKR)

Management noted that while bookings briefly softened after the escalation of the Middle East conflict, demand bounced back quickly. Cancellation rates remain in line with historical averages.

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What the Market Is Telling Us About Viking Holdings Stock

Viking Holdings stock has been one of the stronger performers in the travel sector lately, up 83% over the past year and recently hitting a record high of $92.

The Wells Fargo upgrade appears to be part of a broader wave of analyst confidence following the Q1 earnings beat.

VIK Stock Valuation Model (TIKR)

Viking Holdings stock also stands out from most cruise peers right now.

Capacity is set to grow 15% in 2027, the balance sheet is clean with net leverage of just 1x, and the company holds $4 billion in cash.

That gives management plenty of room to keep expanding the fleet through 2032 without financial strain.

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Disclaimer:

Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!

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