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Investing.com - Goldman Sachs has maintained its Neutral rating and $60.00 price target on Viking Holdings (NYSE:VIK), highlighting the company’s strong business fundamentals despite some concerns about demand acceleration. The stock currently trades near its 52-week high of $60.97, with InvestingPro data showing a P/E ratio of 85x and an attractive PEG ratio of 0.25.
The investment bank affirmed that Viking Holdings will continue to deliver double-digit revenue growth that outpaces the industry for the foreseeable future, according to its latest analysis. This outlook aligns with the company’s impressive 17.7% revenue growth over the last twelve months and EBITDA of $1.5 billion.
Goldman Sachs also noted that Viking’s return on invested capital (ROIC) will continue to accelerate with favorable unit economics, allowing the company to fund most of its capital expenditures through advanced bookings.
Despite these positive factors, the firm expressed some reservation about demand acceleration from the first quarter to the second quarter, suggesting it may not have met investor or company expectations.
Goldman Sachs cited Viking’s rich valuation based on 2026 projections and limited trading history as reasons for maintaining its Neutral stance, indicating it would wait for "further proof points" before considering a rating change.
In other recent news, Viking Holdings reported impressive second-quarter earnings for 2025, with adjusted earnings per share (EPS) coming in at $0.99, surpassing analyst expectations of $0.79. This represents a 25.32% positive surprise, attributed to an 18.5% increase in total revenue, which reached $1.9 billion. Despite the strong earnings report, the company’s stock experienced a decline, which some analysts suggest may be due to concerns over rising operational costs and forward-looking guidance. Truist Securities maintained its Hold rating on Viking Holdings, keeping a price target of $55.00, following the earnings announcement. The company’s adjusted EBITDA for the quarter was $633 million, exceeding the consensus estimate of $593 million by 7%. Meanwhile, Melius Research reiterated its Buy rating with a $62.00 price target, noting that Viking shares have outperformed the broader market this year. These developments highlight the mixed sentiment among investors and analysts regarding Viking Holdings’ future performance.
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