Iran Peace Deal Sends Oil Lower: Top 5 Travel Stocks to Buy Now

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In this article, we will list the Iran Peace Deal Sends Oil Lower: Top 5 Travel Stocks to Buy Now. Please visit the article Iran Peace Deal Sends Oil Lower: Top 8 Travel Stocks to Buy Now if you’d like to see an extended list and the methodology behind it.

5. Viking Holdings Ltd. (NYSE:VIK)

Number of Hedge Fund Holders: 55

During the last few trading sessions, Viking Holdings Ltd. (NYSE:VIK) has seen positive momentum. On June 10, Bernstein analyst Richard Clarke reaffirmed his Buy rating on the stock and set a price target of $120. The firm’s price target reflects a further 16% upside from current levels. As oil prices continue to decrease after the Iran deal, travel demand is expected to increase significantly.

Iran Peace Deal Sends Oil Lower: Top 5 Travel Stocks to Buy Now

On June 5, VIK announced the launch of a range of new European river cruise experiences. The new offerings include scenic Zepplin airship excursions in Germany, giving guests on select Rhine River cruises aerial views of Cologne and the Ruhr Valley.

Earlier, on May 22, Truist Financial upgraded the stock from Hold to Buy and raised its price target from $75 to $102. The firm acknowledged that its previous Hold rating underestimated the stock’s performance. However, the analyst remains concerned about the valuation if travel demand weakens. Despite this, Truist Financial had a positive sentiment regarding luxury, river, and expedition cruises.

​Viking Holdings Ltd. (NYSE:VIK) engages in passenger shipping and other forms of passenger transport in North America, the UK, and internationally. It operates through the River & Ocean segments.

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