Morgan Stanley analyst Stephen Grambling has maintained their bullish stance on VIK stock, giving a Buy rating today.
Stephen Grambling has given his Buy rating due to a combination of factors that highlight Viking Holdings Ltd’s strategic positioning and financial resilience. The company’s management has demonstrated a commitment to maintaining a consistent design and experience across its fleet, which has been well-received by customers. This consistency, coupled with the company’s ability to scale its operations and expand its brand, positions Viking Holdings favorably in the market.
Moreover, Viking Holdings has a strong balance sheet that provides flexibility to pursue market share or make strategic investments, even in challenging macroeconomic environments. The management’s approach to capital allocation, focusing on marketing and potential mergers and acquisitions, further supports the company’s growth prospects. These factors, combined with the company’s near-full booking for 2025, underpin Grambling’s positive outlook and Buy rating for Viking Holdings Ltd.
In another report released today, Exane BNP Paribas also initiated coverage with a Buy rating on the stock with a $47.00 price target.