Are Viking Holdings Ltd. (VIK) stocks a prudent buy?

Viking Holdings Ltd. [VIK] stock is trading at $33.94, up 3.76%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The VIK shares have gain 7.64% over the last week, with a monthly amount glided 14.24%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Viking Holdings Ltd. [NYSE: VIK] stock has seen the most recent analyst activity on June 25, 2024, when HSBC Securities initiated its Buy rating and assigned the stock a price target of $36. Previously, Truist started tracking the stock with Hold rating on June 21, 2024, and set its price target to $38. On May 28, 2024, Wells Fargo initiated with a Overweight rating and assigned a price target of $35 on the stock. UBS started tracking the stock assigning a Buy rating and suggested a price target of $35 on May 28, 2024. Stifel initiated its recommendation with a Buy and recommended $37 as its price target on May 28, 2024. Redburn Atlantic started tracking with a Neutral rating for this stock on May 28, 2024, and assigned it a price target of $29. In a note dated May 28, 2024, Morgan Stanley initiated an Equal-Weight rating and provided a target price of $31 on this stock.

Viking Holdings Ltd. [VIK] stock has fluctuated between $25.71 and $33.28 over the past year. Currently, Wall Street analysts expect the stock to reach $35.2 within the next 12 months. Viking Holdings Ltd. [NYSE: VIK] shares were valued at $33.94 at the most recent close of the market. An investor can expect a potential return of 3.71% based on the average VIK price forecast.

Analyzing the VIK fundamentals

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 33.04 points at the first support level, and at 32.14 for the second support level. However, for the 1st resistance point, the stock is sitting at 34.47, and for the 2nd resistance point, it is at 35.01.

Ratios To Look Out For

For context, Viking Holdings Ltd.’s Current Ratio is 0.53. As well, the Quick Ratio is 0.52.

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