BofA Hikes Viking Holdings (VIK) PT to $70 on Positive Cruise Sector Sentiment

Viking Holdings Ltd. (NYSE:VIK) is one of the most profitable new stocks to buy now. On July 23, Bank of America/BofA increased its price target for Viking Holdings from $51 to $70, while reiterating a Buy rating on the shares.

The adjustment shows BofA’s positive sentiment toward the cruise sector. The analyst pointed out that cruise line stocks have outperformed the broader market and other travel stocks. In Q1 2025, the company reported a 24.9% year-over-year increase in revenue, which reached ~$900 million. Net Yield saw a 7.1% increase.

A processional line of imposing cargo ships in a large port, capturing the scope of the company’s ocean transportation business.

However, Viking Holdings reported a net loss of $105 million for Q1, and its adjusted EPS was a loss of $0.24, despite an improvement. The River segment’s net yield decreased by 2.7% year-over-year, which signaled potential challenges within this segment.

Viking Holdings Ltd. (NYSE:VIK) engages in the passenger shipping and other forms of passenger transport in North America, the UK, and internationally.

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Disclosure: None. This article is originally published at Insider Monkey.