10 Stocks on Jim Cramer’s Radar

2. Viking Holdings Ltd (NYSE:VIK)

Number of Hedge Fund Holdings: 51

Viking Holdings Ltd (NYSE:VIK) is the final cruise ship stock Cramer discussed during this appearance. On December 15th, Jefferies upgraded the shares to Hold from Buy and increased the share price target to $80 from $60. The bank commented that Viking Holdings Ltd (NYSE:VIK)’s business model and its focus on luxury cruise travel merited the optimism. These should also improve the firm’s net yield, commented the firm. Jefferies’ action followed Goldman Sachs upgrading Viking Holdings Ltd (NYSE:VIK)’s shares to Buy from Neutral and raising the share price target to $78 from $66 on December 9th. As part of the coverage, Goldman outlined that the firm’s geographic exposure and focus on the luxury travel industry had enabled it to navigate through the headwinds faced by the broader cruise ship industry. Cramer agrees with the positive assessment of Viking Holdings Ltd (NYSE:VIK):

“The one that you want to be in, just so you know, and they come on and they’re not jokers, is Viking. Viking cruises are for a little bit wealthier. . but look at that stock, someone put up the chart of Viking Holdings, this is one of the best companies that I’ve dealt with in a long time. And I think that the people who run it, 59% up this year, incredible.”