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Barclays upgraded Viking Holdings to Overweight from Equal Weight and raised its price target to $102 from $90, naming the cruise operator its top pick in the sector. Analyst Brandt Montour cited an attractive entry point following a weather-driven selloff. Viking shares closed at $80.77 and rose 3.3% to $83.46 premarket, implying approximately 22% upside to the revised target.
Historically low water levels across European rivers have pressured near-term bookings and investor sentiment, given Viking’s significant exposure to European river cruises. However, Barclays views the disruption as temporary, expecting operational headwinds to ease after the season ends. Viking’s upcoming Q3 earnings report could clarify the financial impact of cruise credits issued this season and improve visibility into 2026–2027 earnings estimates.
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