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Stock impact report

Viking Well Positioned To Gain Market Share In Global Vacation Market: JP Morgan [Yahoo! Finance]

Viking Holdings Ltd Ordinary Shares (VIK) 
Company Research Source: Yahoo! Finance
JP Morgan analyst Matthew Boss reiterated an Overweight rating on the shares of Viking Holdings Ltd (NYSE: VIK ) and raised the price target to $58 from $50. From 2017 to 2019, VIK's pre-pandemic annual revenue growth averaged approximately 29%, driven by around 23% capacity growth and 5% net yield growth, said the analyst. Looking ahead, the 2025 booking curve is 70% filled with a 7% pricing increase and 12% capacity expansion, leading to an estimated 5% yield growth and a 19% increase in top-line revenue, surpassing the ~7% average growth of the Big 3 cruise lines, added the analyst. Importantly, management noted a consistent relationship between capacity and yield growth, with projections indicating a 6% net yield increase in 2026 with 10% capacity growth. The analyst suggests a compound annual growth rate (CAGR) of around 16% from 2025 to 2027, driven by a 4.3% yield CAGR, which is roughly double (or ~800bps higher) than the Big 3 cruise lines' average of 8%. According Show less Read more
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