Viking Holdings (VIK) News
Market Cap: $18.39B
Avg Volume: 3.29M
Industry: Travel Services
Sector: Consumer Cyclical
All You Need to Know About Viking (VIK) Rating Upgrade to Strong Buy
Viking (VIK) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
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Viking Holdings: Rating Downgrade On Uncertain Demand Outlook, Competition Concerns
I am downgrading VIK to a hold rating due to a less favorable demand outlook and increased competition. VIK's 4Q24 earnings were strong, with 20.5% y/y revenue growth and a 40% y/y increase in adj. EBITDA. FY25 bookings show solid momentum, but lack of FY26 booking visibility raises demand concerns amid a weakening macroeconomic environment.
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Viking Takes Delivery of Newest River Ship in Europe
LOS ANGELES--(BUSINESS WIRE)--Viking® (www.viking.com) (NYSE: VIK) today announced it has taken delivery of the Viking Nerthus, the company's newest Viking Longship®. The delivery took place this morning when the ship was presented at Meyer's Neptun Werft shipyard in Rockstock-Warnemuende, Germany. The 168-guest Viking Nerthus joins the company's growing fleet of state-of-the-art sister ships on the Seine River and will sail Viking's popular 8-day itinerary, Paris & the Heart of Normandy, a.
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Jim Cramer on a buying opportunity in Viking Holdings
'Mad Money' host Jim Cramer looks at buying opportunities in the sell-off.
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Here's Why Viking (VIK) is Poised for a Turnaround After Losing -25.13% in 4 Weeks
The heavy selling pressure might have exhausted for Viking (VIK) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
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Viking Holdings' 2025 Nearly Sold Out, But Goldman Sachs Seeks More Pricing Clarity For 2026
Goldman Sachs analyst Lizzie Dove reiterated a Neutral rating on the shares of Viking Holdings Ltd VIK and raised the price forecast from $49.00 to $51.00.
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Cruise Operator Viking's Stock Falls as Executives Warn of Slower Bookings
Viking Holdings (VIK) shares sank Tuesday as executives warned of macroeconomic "uncertainties" on the cruise operator's fourth-quarter earnings call.
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Viking Holdings Ltd (VIK) Q4 2024 Earnings Call Transcript
Viking Holdings Ltd (NYSE:VIK ) Q4 2024 Earnings Conference Call March 11, 2025 8:00 AM ET Company Participants Carola Mengolini - Vice President of Investor Relations Tor Hagen - Chairman and Chief Executive Officer Leah Talactac - President and Chief Financial Officer Linh Banh - EVP of Finance Conference Call Participants Steve Wieczynski - Stifel Matthew Boss - JPMorgan Robin Farley - UBS Andrew Didora - Bank of America Brant Montour - Barclays Meredith Jensen - HSBC Dan Politzer - Wells Fargo Operator Good morning. My name is Paul, and I will be your conference operator today.
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Viking Beats Earnings Views As Travel Stocks Retreat
Viking clears Q4 views, provides an update on cruise bookings. Shares ease as travel stocks fall on demand warnings.
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What's in the Offing for Viking Holdings in Q4 Earnings?
VIK's fourth-quarter 2024 performance is expected to have been aided by robust consumer demand and strong pricing.
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3 Travel Stocks That Show the Travel Boom Is Far from Over
In December 2024, the travel industry hit an important milestone, at least in terms of air travel. That is, traffic in many continents exceeded 2019 levels for the first time since the 2020 pandemic.
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Viking Receives 2024 North America IPO of the Year Award by International Financing Review
LOS ANGELES--(BUSINESS WIRE)--Viking® (www.viking.com) (NYSE: VIK) has been named the 2024 North America IPO of the Year by International Financing Review (IFR) in the publication's prestigious annual awards. The honor highlights Viking's successful initial public offering (IPO) that closed on May 3, 2024. Viking's IPO was the largest IPO of the year on the NYSE and the second largest in the U.S. in 2024. The IFR Awards are among the most significant honors in global capital markets, recognizin.
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Viking Announces New 2026-2027 World Cruise Itineraries
LOS ANGELES--(BUSINESS WIRE)--Viking® (www.viking.com) (NYSE: VIK) today announced its new 2026-2027 World Cruise itineraries, including the Viking World Voyage III, which will journey around the world in 170 days, visiting 41 countries with 82 guided tours and overnight stays in 18 cities. Setting sail on Viking's award-winning 930-guest ship, the Viking Sky®, from Fort Lauderdale on December 22, 2026, the itinerary will include ports of call across six continents before its final destination.
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Viking Appoints Leah Talactac as President
LOS ANGELES--(BUSINESS WIRE)--Viking Holdings Ltd (the “Company” or “Viking”) (NYSE: VIK) today announced the appointment of Leah Talactac as President of the Company, effective immediately. Ms. Talactac will continue to serve as Viking's Chief Financial Officer while assuming her new responsibilities as President. She will continue to report directly to Torstein Hagen, who remains Chairman and CEO, and to the Board of Directors. Ms. Talactac joined Viking in 2006 and has since then been an imp.
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Will Viking (VIK) Beat Estimates Again in Its Next Earnings Report?
Viking (VIK) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
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Viking Holdings' Premium Valuation Warrants A More Favorable Entry Point: Analyst
Goldman Sachs analyst Lizzie Dove initiated coverage on Viking Holdings Ltd VIK with a Neutral rating and price forecast of $49.
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Best Momentum Stock to Buy for January 16th
VIRT, BBCP and VIK made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on January 16, 2025.
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New Strong Buy Stocks for January 16th
MRCY, BBCP, OSUR, VIK and IFS have been added to the Zacks Rank #1 (Strong Buy) List on January 16, 2025.
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Viking Launches New “Explorers' Sale”
LOS ANGELES--(BUSINESS WIRE)--Viking® (www.viking.com) (NYSE: VIK) today announced the Explorers' Sale, providing North American travelers with new booking incentives across the company's extensive range of river, ocean and expedition voyages. From now through January 31, 2025, Viking is offering special fares starting at $1,999 per person and up to free international airfare on select itineraries, as well as a $25 deposit for all itineraries—plus additional savings for new and returning guests.
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Bull of the Day: Viking Holdings Ltd. (VIK)
Viking Holdings Ltd VIK is cashing in on the demand for travel experiences. This Zacks Rank #1 (Strong Buy) is expected to grow its revenue by 17.7% in 2025.
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Viking Announces 10 New Ocean Itineraries in 2026 and 2027
LOS ANGELES--(BUSINESS WIRE)--Viking® (www.viking.com) (NYSE: VIK) today announced 10 new ocean itineraries in the Mediterranean, United Kingdom, Ireland and Northern Europe are now available for booking in 2026 and 2027. The new itineraries range from eight to 22 days and feature 12 additional recurring ports that are new for Viking ocean voyages: Fowey, England; Bordeaux, France; Limerick (Foynes), Ireland; Riga, Latvia; Klaipeda, Lithuania; Londonderry, Northern Ireland; Haugesund, Norway; P.
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4 Shipping Stocks to Keep an Eye on Despite Industry Headwinds
Headwinds like high costs and environmental and geopolitical woes hurt the Zacks Transportation Shipping industry's outlook. VIK, ZIM, CMRE and ESEA are likely to overcome market challenges.
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3 Shipping Stocks Navigating Toward Year-End Gains
Shipping stocks like ZIM, ESEA and VIK have not only performed well in 2024 but are likely to impress in 2025 as well.
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3 Cruise Line Stocks to Buy Hand Over Fist in December
The first 11 months of the year have been good to investors of cruise line stocks. December could be the cherry on top.
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Viking Celebrates Fincantieri Partnership with Naming of Newest Ocean Ship
LOS ANGELES--(BUSINESS WIRE)--Viking® (www.viking.com) (NYSE: VIK) today named its newest ocean ship, the Viking Vela®, with a traditional ceremony in Trieste, Italy. The naming of the Viking Vela also served as a celebration of Viking's longtime partnership with Fincantieri, which is one of the world's largest shipbuilding groups and is based in Trieste. With its rich maritime history, Trieste is considered the endpoint to the maritime Silk Road and is now Italy's most important commercial por.
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Best Momentum Stocks to Buy for December 3rd
VIK, AHR and ONB made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on December 3, 2024.
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Viking Takes Delivery of Newest Ocean Ship
LOS ANGELES--(BUSINESS WIRE)--Viking® (www.viking.com) (NYSE: VIK) today announced it has taken delivery of the company's newest ocean ship, the Viking Vela®. The delivery ceremony took place this morning when the ship was presented at Fincantieri's shipyard in Ancona, Italy. Classified as a small ship, as are all Viking ocean ships, the Viking Vela has 499 staterooms that can host 998 guests. The Viking Vela joins the company's growing fleet of award-winning ocean ships and will spend her inau.
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Viking Holdings: No Signs Of Demand Slowing Down
I maintain a buy rating for VIK due to strong demand, robust forward booking metrics, and justified premium valuation versus peers. 3Q24 earnings showed solid revenue growth, improved margins, and significant net debt reduction, with revenue up ~48% from pre-COVID levels. Demand remains strong, driven by organic growth, with passenger cruise days and revenue per PCD both increasing, and advance bookings up 26% y/y.
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Will Viking Holdings Cruise Ahead in a Thriving Market?
Explore the exciting world of Viking Holdings (VIK -1.63%) with our expert analysts in this Motley Fool Scoreboard episode. Check out the video below to gain valuable insights into market trends and potential investment opportunities!
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CSE Bulletin: Suspension - Avila Energy Corporation (VIK)
Toronto, Ontario--(Newsfile Corp. - Le 25 novembre/November 2024) - Effective immediately, Avila Energy Corporation is suspended pursuant to CSE Policy 3. The suspension is considered a Regulatory Halt as defined in National Instrument 23-101 Trading Rules.
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Viking Earns Top Honors in U.S. News & World Report's 2025 Best Cruise Line Rankings
LOS ANGELES--(BUSINESS WIRE)--For the fourth consecutive year, Viking® (www.viking.com) (NYSE: VIK) has been named Best Luxury Line, Best Line for Couples and Best Line in the Mediterranean by U.S. News & World Report in the publication's 2025 Best Cruise Line rankings. The U.S. News & World Report travel rankings reflect a comprehensive analysis of expert opinions and traveler reviews, as well as recommendations and insider knowledge from the publication's in-destination seasoned write.
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Cruise Operator Viking Swings To Profit, Tops Estimates
Viking Holdings (VIK) on Tuesday posted third-quarter revenue and net income that beat analysts' expectations.
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Viking Holdings Ltd (VIK) Q3 2024 Earnings Call Transcript
Viking Holdings Ltd (NYSE:VIK ) Q3 2024 Earnings Conference Call November 19, 2024 8:00 AM ET Company Participants Tor Hagen - CEO Leah Talactac - CFO Linh Banh - EVP, Finance Carola Mengolini - VP, IR Conference Call Participants Matthew Boss - J.P. Morgan Steve Wieczynski - Stifel Robin Farley - UBS Andrew Didora - Bank of America Patrick Scholes - Truist Securities Connor Cunningham - Melius Research Dan Politzer - Wells Fargo Steven Grambling - Morgan Stanley Meredith Jensen - HSBC Operator Good morning.
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Viking Reports Third Quarter 2024 Financial Results
LOS ANGELES--(BUSINESS WIRE)--Viking Holdings Ltd (the “Company” or “Viking”) (NYSE: VIK) today reported financial results for the third quarter ended September 30, 2024. Key Highlights Total revenue for the third quarter of 2024 increased 11.4%, or $171.9 million compared to the same period in 2023. Gross margin increased 18.0% and Adjusted Gross Margin increased 12.0% compared to the same period in 2023, resulting in a Net Yield of $576. Adjusted EBITDA increased 15.3% compared to the same pe.
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Travel Stock Rallying Ahead of Earnings
Travel company Viking Holdings Ltd (NYSE:VIK) will report earnings before the open tomorrow, Nov. 19.
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Viking Names Two Newest Nile River Ships in Luxor
LOS ANGELES--(BUSINESS WIRE)--Viking® (www.viking.com) (NYSE: VIK) today named its newest river ships, the Viking Hathor and the Viking Sobek, with a special celebration in Luxor, Egypt. The Hon. Edward Herbert, served as ceremonial godfather of the Viking Hathor; his great-great-grandfather, the 5th Earl of Carnarvon, was Howard Carter's benefactor and co-explorer, whose excavation uncovered the tomb of King Tutankhamen near Luxor almost exactly 102 years ago on November 4, 1922. Mohamed El Ba.
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Viking Schedules Conference Call on Third Quarter 2024 Financial Results
LOS ANGELES--(BUSINESS WIRE)--Viking Holdings Ltd (“Viking” or the “Company”) (NYSE: VIK) has scheduled a conference call for 8:00 a.m. Eastern Time, Tuesday, November 19, 2024, to discuss the Company's third quarter 2024 financial results which will be released before the stock market opens. The call will be simultaneously webcast on Viking's investor relations website, https://ir.viking.com. A replay of the webcast will remain available for 30 days following the call. About Viking Viking (NYS.
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Nvidia And This Breakout IPO Lead Elite List Of Stocks To Watch
Nvidia stock leads crop of IBD Leaderboard stocks to watch, including DoorDash, DaVita and one IPO stock that has cruised into buy range.
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Viking Takes Delivery of Newest Egypt Ship
LOS ANGELES--(BUSINESS WIRE)--Viking® (www.viking.com) (NYSE: VIK) today announced it has taken delivery of the company's newest ship for the Nile River, the Viking Sobek. The delivery ceremony took place when the new ship was presented at Massara shipyard in Cairo, Egypt. The 82-guest Viking Sobek joins the company's growing fleet of state-of-the-art ships for the Nile River and will sail Viking's popular 12-day Pharaohs & Pyramids itinerary. “We are proud to welcome the Viking Sobek to ou.
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Viking Holdings: Under-The-Radar Cruise Player With Meaningful Upside Potential
Initiating coverage on Viking Holdings with a “Buy” rating and 24-month horizon, citing attractive valuation and growth potential. Viking's clear demographic focus on affluent, English-speaking adults over 55 and strong market share in North America support bullish outlook. Significant fleet expansion and robust order book through 2030, coupled with strong balance sheet and cash flows, ensure sustained revenue growth.
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Condé Nast Traveler Readers Name Viking #1 for Rivers, #1 for Oceans and #1 for Expeditions for Second Consecutive Year
LOS ANGELES--(BUSINESS WIRE)--For the second year in a row, Viking® (www.viking.com) (NYSE: VIK) has been voted #1 for Rivers, #1 for Oceans and #1 for Expeditions by Condé Nast Traveler in the publication's 2024 Readers' Choice Awards. This achievement marks the first time a travel company has won these three categories in back-to-back years. Viking made history in 2023 by being the first travel company to be voted #1 in all three categories simultaneously. “It was quite something to be voted.
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Viking Celebrates Historic Return to China
LOS ANGELES--(BUSINESS WIRE)--Viking® (www.viking.com) (NYSE: VIK) today is celebrating its historic return to China as the Viking Yi Dun completed her first voyage from Shanghai to Hong Kong (Shenzhen). Viking's new itineraries include a domestic sailing of China's coast that highlights rarely-visited destinations and ports to which only Viking has access—something that has never been offered for international visitors. The itineraries operate from September to November on the 930-guest Viking.
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Viking Announces Launch of Secondary Public Offering
LOS ANGELES--(BUSINESS WIRE)--Viking Holdings Ltd (NYSE: VIK) (“Viking”) today announced the launch of a secondary public offering of 30,000,000 ordinary shares by certain selling shareholders of the Company (the “Selling Shareholders”), pursuant to a registration statement on Form F-1 filed with the U.S. Securities and Exchange Commission (the “SEC”). In connection with the offering, the Selling Shareholders have granted the underwriters a 30-day option to purchase up to an additional 4,500,00.
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Could This Under-the-Radar Company Be the Best Cruise Line Stock?
This cruise operator doesn't get as many headlines as the "big three," but it could be worth a closer look.
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Viking Holdings: Very Impressive Demand Outlook
Viking Holdings (VIK) has a buy rating due to outstanding Q2 2024 performance and strong forward booking metrics indicating solid demand. VIK operates unique river, ocean, and expedition cruises with a strong brand reputation and reported better-than-expected earnings in Q2 2024. VIK's strong demand, high booking levels for FY25, and solid balance sheet support growth outlook.
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VIK Stock Earnings: Viking Holdings Misses EPS, Beats Revenue for Q2 2024
Viking Holdings (NYSE: VIK ) just reported results for the second quarter of 2024. Viking Holdings reported earnings per share of 37 cents.
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Why Viking Holdings Shares Are Surging Today
Viking Holdings Ltd VIK shares are trading higher after analysts raised their respective price targets on the stock.
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Viking Holdings CEO Torstein Hagen sits down with Ji m Cramer
Viking Holdings Chairman and CEO Torstein Hagen joins 'Mad Money' host Jim Cramer to talk quarterly results, affordability and pricing, and more.
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Viking Holdings CEO: We appeal to a totally different segment and have a different product
Viking Holdings Chairman and CEO Torstein Hagen joins 'Mad Money' host Jim Cramer to talk quarterly results, affordability and pricing, and more.
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Viking CEO explains the cruise line's baby boomer niche who have 'time, money and, above all, curiosity'
In a Thursday interview with CNBC's Jim Cramer, Viking Holdings CEO Torstein Hagen said his cruise line's target audience — people 55 and over — has served the company well. Unlike many cruise companies, Viking does not allow children.
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Cruise Operator Viking's Stock Falls as One-Time Charges Drag Down Earnings
Shares of Viking (VIK) tumbled Thursday after the cruise operator posted weaker-than-expected results for the second quarter as one-time charges weighed on its profits.
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Viking's stock dips as cruise operator's earnings fall short
Viking Holdings Ltd.'s stock VIK, +1.42% was down 2.6% in premarket trading Thursday after the cruise operator's profit and revenue fell short of analyst estimates, although the company said its advance bookings are running ahead of year-ago levels.
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Viking Reports Second Quarter 2024 Financial Results
LOS ANGELES--(BUSINESS WIRE)--Viking Holdings Ltd (the “Company” or “Viking”) (NYSE: VIK) today reported financial results for the second quarter ended June 30, 2024. Key Highlights Total revenue for the second quarter of 2024 increased 9.1%, or $132.5 million compared to the same period in 2023. Adjusted Gross Margin increased 9.5% compared to the same period in 2023, resulting in a Net Yield of $562. Adjusted EBITDA increased 11.6% compared to the same period in 2023. Net Leverage improved fr.
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The 3 Best Travel Stocks to Buy in August 2024
In early June, Morgan Stanley (NYSE: MS ) published a report on travel industry trends. The results confirm what many investors believe when it comes to the best travel stocks.
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Viking Schedules Conference Call on Second Quarter 2024 Financial Results
LOS ANGELES--(BUSINESS WIRE)--Viking Holdings Ltd (“Viking”) (NYSE: VIK) has scheduled a conference call for 8:00 a.m. Eastern Time, Thursday, August 22, 2024, to discuss the company's second quarter 2024 financial results which will be released before the stock market opens. The call will be simultaneously webcast on Viking's investor relations website, https://ir.viking.com. A replay of the webcast will remain available for 30 days following the call. About Viking Viking (NYSE: VIK) was found.
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7 New Growth Stock Listings That Can Be Long-Term Wealth Creators
The initial public offering (IPO) and the subsequent listing is one of the best times to buy new growth stocks. The markets are still in a phase of understanding the business potential and there is limited analyst coverage.
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IPO Window Cracks Open, Scouting Potential 2nd-Half Go-Public Stories
With mixed second-quarter bank earnings under our belt, there is a better sense of how capital markets may unfold over the second half of the year. Messages were somewhat mixed, but there is an underlying optimism that merger and acquisition activity may pick back up as the Fed gradually reduces its policy rate over the months and quarters to come.
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U.S. IPO Weekly Recap: Insurance And Healthcare Lead A 4 IPO Week
A handful of IPOs priced this past week, led by three sizable names. One large issuer joined both the pipeline and the calendar - Chile-based LATAM Airlines Group. Six IPOs are scheduled to list in the week ahead and are set to raise a combined $5.1 billion, the most for any week so far this year. One SPAC is also set to debut.
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Surprise: The Best Cruise Stock in the First Half of 2024 Wasn't Royal Caribbean, Carnival, or Norwegian
Big cruise companies focus on sailing with the masses to the Caribbean. However, this newcomer likes to go upriver with an affluent few.
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The 3 Best Travel Stocks to Buy in July 2024
Travel is back in a big way. A record number of people are traveling for the July 4 holiday.
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3 IPO Gems Flying Under the Radar (for Now)
Though Reddit (NYSE: RDDT ) may have been the most recent big-name IPO, the initial listings market is still cooking, and undervalued IPO stocks abound. The last undervalued IPO stock I picked at the beginning of June, Nano Nuclear Energy (NASDAQ: NNE ), returned over 300% since I first noticed it, further proving that undervalued IPO stocks are out there if you know where to look.
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3 Cruise Stocks to Buy on the Dip: June 2024
Whether you love it or hate it, setting sail on a cruise is undeniably a favorite vacation option for many travelers. Cruise stocks are equally polarizing and, like many travel stocks, tend to be better trades than long-term investments.
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Wall Street Favorites: 3 Cruise Stocks With Strong Buy Ratings for June 2024
The cruise industry is back in full swing after the pandemic slump, and analysts are loving some cruise stocks that are doing exceptionally well. Some of the strong buy cruise stocks are from companies that have traded in the stock market for years, while others are breakout successes.
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3 Travel Stocks to Buy Now: June 2024
Even though consumers tighten their budgets in certain discretionary spending like dining out and luxury goods, interest in travel remains strong. This has translated into a surprisingly steady expenditure on vacations and trips and a subsequent unexpected stability in travel stocks.
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Viking Holdings IPO: Analyzing Market Enthusiasm and Its Financial Outlook
The initial public offering of Viking Holdings Ltd. (VIK, Financial) was quite successful, raising $1.54 billion at around $24 per share.
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Wolters Kluwer Wins Top 2024 Globee American Business Award Honors for Beneficial Ownership Reporting Solution
MINNEAPOLIS--(BUSINESS WIRE)-- #BeneficialOwnership--Wolters Kluwer has been named a Gold-level winner in the 2024 Globee® American Business Awards for its efforts in helping businesses comply with new, beneficial ownership information (BOI) reporting requirements under the Corporate Transparency Act (CTA). Wolters Kluwer won in the Regulatory Category for its Beneficial Ownership Platform, launched in conjunction with the rule's January 1, 2024 effective date. “We are pleased by this industry honor, which recognizes.
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Viking Sweeps TravelAge West's 2024 WAVE Awards with Recognition Across River, Ocean and Expedition Voyages
LOS ANGELES--(BUSINESS WIRE)--Viking® (www.viking.com) (NYSE: VIK) today is celebrating a new set of accolades from leading travel industry publication TravelAge West. The company earned five category wins—securing recognition across its river, ocean and expedition product lines—in the 2024 WAVE Awards. Voted on by travel advisors and readers, Viking earned top honors in three river categories: River Cruise Line Providing the Best Travel Advisor Support, Best River Cruise Line for U.S. Sailings.
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Why Are Cruise Stocks Down Today?
A range of cruise stocks are seeing some significant selling pressure build today, as investors price in analyst warnings on the sector. Analyst Andrew Didora of BofA released a note on the sector that is garnering significant attention today.
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Can Viking Holdings Extend Gains from Affluent Cruisers?
Destination-focused luxury cruise operator Viking Holdings Ltd. NYSE: VIK went public through a $1.8 billion initial public offering (IPO) on May 1, 2024.
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3 Sorry Cruise Stocks to Sell in May While You Still Can
Given how well the cruise line industry is performing right now, figuring out which cruise stocks to buy, rather than cruise stocks to sell, may be what's top of mind among more investors. After all, cruise line stocks have surged in a big way since 2023, as the sector's post-pandemic recovery gained momentum, resulting in massive improvements in revenue and profitability.
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Hot IPO Viking Is a Fjord Tough Stock
River cruise operator Viking reported first-quarter results on Wednesday morning. The stock sank on the news.
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Viking Returns to the Great Lakes for Third Season
LOS ANGELES--(BUSINESS WIRE)--Viking® (www.viking.com) (NYSE: VIK) today is celebrating the start of its third season in the Great Lakes, with both of its identical expedition ships, the Viking Octantis® and the Viking Polaris®, now deployed in the region. Voted #1 for Expeditions by Condé Nast Traveler in the most recent Readers' Choice Awards, Viking offers a variety of itineraries that operate between Toronto and Duluth and explore all five Great Lakes. The 378-guest expeditions vessels, whi.
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Viking Reports First Quarter 2024 Financial Results
LOS ANGELES--(BUSINESS WIRE)--Viking Holdings Ltd (the “Company” or “Viking”) (NYSE: VIK) today reported financial results for the first quarter ended March 31, 2024. Key Highlights Adjusted Gross Margin for the first quarter of 2024 increased 19.1% compared to the same period in 2023, resulting in a Net Yield of $508. Adjusted EBITDA increased by $46.1 million compared to the first quarter of 2023. Net Leverage declined from 3.8x as of December 31, 2023 to 3.4x as of March 31, 2024. As of May.
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Viking's luxury cruise focus to deliver superior returns, analysts believe
Viking has earned a ‘Buy' rating in initial coverage from analysts at Bank of America (BofA) and UBS who are bullish on the cruise operator's luxury focus. The cruise company, which operates voyages across the river, ocean and expeditionary segments, debuted on the New York Stock Exchange earlier this month at about $26 per share and traded hands at about $31 on Tuesday afternoon.
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Viking Stock Rises as Analysts Begin Coverage With Bullish Comments
Viking Holdings (VIK) shares gained close to 3% in intraday trading Tuesday after several analysts initiated coverage of the cruise line with bullish comments about its outlook.
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Viking Is Finally Getting Wall Street Coverage. Why Analysts Love the Cruise Stock.
Viking is known for its high-end European river cruises, which have proved popular with wealthy older Americans.
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Is This Hot IPO the Next Carnival?
River cruise operator Viking went public at $24 earlier this month. Viking caters to an entirely different market from Carnival, and that could be a good thing.
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Phytoplankton Genetically Sequenced at Sea for the First Time
LOS ANGELES--(BUSINESS WIRE)--Viking® (www.viking.com) (NYSE: VIK) today announced its latest scientific advancement on board the company's expedition fleet with the addition of real-time environmental DNA (eDNA) sequencing of phytoplankton. With scientific support from UC San Diego's Scripps Institution of Oceanography and J. Craig Venter Institute (JCVI), the PCR lab on board the Viking Octantis® has been converted into an advanced scientific environment where visiting scientists contributing.
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3 Recent IPOs That Can Double in 3 Months
For investors as well as traders, it's important to keep a close eye on initial public offerings. It presents an opportunity to consider exposure to new companies with an attractive business model and growth outlook.
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Wall Street Favorites: 3 Cruise Stocks with Strong Buy Ratings for May 2024
Cruising is back in a big way. But you don't have to enjoy cruising to start looking for cruise stocks to buy.
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Viking Schedules Conference Call on First Quarter 2024 Financial Results
LOS ANGELES--(BUSINESS WIRE)--Viking Holdings Ltd (“Viking”) (NYSE: VIK) has scheduled a conference call for 8:00 a.m. Eastern Time, Wednesday, May 29, 2024, to discuss the company's first quarter 2024 financial results which will be released before the stock market opens. The call will be simultaneously webcast on Viking's investor relations website, https://ir.viking.com. A replay of the webcast will remain available for 30 days following the call. About Viking Viking (NYSE: VIK) was founded.
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Viking Announces Float Out of Newest Egypt Ship
LOS ANGELES--(BUSINESS WIRE)--Viking® (www.viking.com) (NYSE: VIK) today announced its newest ship for the Nile River—the 82-guest Viking Sobek—was “floated out,” marking a major construction milestone and the first time the ship has touched water. Set to sail in the fall of 2024, the Viking Sobek will join the company's growing fleet of state-of-the-art ships for the Nile River and will sail Viking's popular 12-day Pharaohs & Pyramids itinerary. “Egypt has always captivated curious travele.
businesswire.com
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Viking Announces New Vice President of Investor Relations
LOS ANGELES--(BUSINESS WIRE)--Viking® (www.viking.com) (NYSE: VIK) today announced that Carola Mengolini has joined the company as Vice President of Investor Relations, effective May 6, 2024. In this role, she will be responsible for developing and executing the company's investor relations program and communicating with the financial community. Mengolini brings nearly 25 years of relevant experience to Viking, including almost 15 years at The Royal Caribbean Group. During her tenure there, she.
businesswire.com
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The 3 Most Undervalued Cruise Stocks to Buy in May 2024
After several difficult years both during and after the Covid-19 pandemic, the cruise line industry is finally bouncing back. Cruise operators are reporting record bookings for 2024 as travel demand comes back to pre-pandemic levels.
investorplace.com
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U.S. IPO Weekly Recap: Viking Trades Up After Completing The Year's Largest US IPO To Date
Cruise operator Viking Holdings led the week's deals, completing the year's largest US IPO to date. Michael Klein's Churchill Capital Corp IX raised $250 million in the first blank check IPO in over a month.
seekingalpha.com
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Viking Announces Closing of Initial Public Offering and Full Exercise of Underwriters' Option to Purchase Additional Shares
LOS ANGELES , May 3, 2024 /PRNewswire/ -- Viking Holdings Ltd ("Viking") today announced the closing of its initial public offering of an aggregate of 73,647,916 ordinary shares at a public offering price of $24.00 per share. Viking offered 11,000,000 ordinary shares and the selling shareholders offered 62,647,916 ordinary shares, including the full exercise by the underwriters of their option to purchase up to 9,606,248 additional ordinary shares.
prnewswire.com
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Viking Holdings IPO: Smooth Sailing
Viking Holdings' shares have seen a solid public offering. The luxury (river) cruise operator has carved out a nice niche for itself. Much good news has been priced in after opening-day gains, making me cautious to step in here.
seekingalpha.com
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Viking Shares Climb 9% Following $1.5 Billion Public Debut
Shares of luxury cruise operator Viking Holdings—the parent company of Viking cruise line—rose as much as 12% in intraday trading Wednesday following the company's initial public offering, which raised $1.54 billion following the company's decision to upsize the number of shares offered in its public debut.
forbes.com
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Viking Holdings IPO: stock price cruises in NYSE trading debut
Shares of Viking Holdings (NYSE:VIK) surged over 10% on Wednesday as the Norwegian-founded, Swiss-headquartered cruise operator debuted on the stock market in one of the biggest U.S. listings of 2024 so far. Trading began at $26.15 a share after pricing at $24 a share.
fastcompany.com
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The Year's Biggest IPO Just Sailed Away
This luxury cruise line stock debuted on the New York Stock Exchange on Wednesday. It is the biggest IPO of 2024 so far.
investors.com
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Cruise operator Viking shares surge 10% following NYSE debut
Cruise operator Viking Holdings began trading on the New York Stock Exchange on Wednesday at a per-share price of $26.47, marking a 10% increase to its $24 offer price. The post-IPO surge implies an $11.4 billion valuation for the company in what was the largest US public offering so far in 2024.
proactiveinvestors.com
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Cruise operator Viking shares rise 9% in New York debut
Shares of Viking Holdings rose 9% in their debut on the New York Stock Exchange on Wednesday, giving the travel and cruising company a valuation of $11 billion.
reuters.com
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VIK Stock IPO: 7 Things to Know as Viking Holdings Starts Trading Today
Wall Street is abuzz over the Viking Holdings (NYSE: VIK ) stock initial public offering (IPO) as the cruise operator begins trading today. With the offering, Viking raised $1.54 billion on about 64 million shares, implying a valuation of about $10.3 billion.
investorplace.com
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Cruise line Viking targets $10.4 billion valuation in IPO
The company's initial public offering coincides with a strong rebound in cruise bookings.
cnbc.com
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VIK Stock IPO: When Does Viking Holdings Go Public? What Is the Viking IPO Price Range?
The cruise industry has seen mixed price action thus far this year. No matter which cruise line investors are considering, the results have been mixed.
investorplace.com
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Viking upsizes IPO, as more shareholders look to sell stock
Viking Holdings Ltd. has increased the size of its initial public offering, but the new shares being offered are all coming from selling shareholders.
marketwatch.com
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Viking Holdings: Cruise Ship IPO Bets The Rich Will Always Float
Viking is not shy about targeting a fairly narrow demographic for its fleet of nearly 100 boats.
seekingalpha.com
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Viking Holdings Hopes To Cruise To A Successful U.S. IPO
Viking Holdings Ltd. has filed for a $100 million IPO, with the possibility of raising up to $500 million. The company operates a fleet of cruise ships and has experienced strong growth and operating profits after the pandemic. The global market for cruises is forecasted to reach $18.3 billion by 2030, driving the growth of companies like Viking Holdings.
seekingalpha.com
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