Stock market today: Stocks fall as investors rotate out of tech into Jackson Hole
Thursday, Texas Capital Securities initiated coverage on Lindblad Expeditions Holdings (NASDAQ:LIND) with a Buy rating and a price target of $16.00, representing a 59% upside from the current price of $10.07. The firm’s analysts noted that the adventure tourism sector is gaining traction among travelers, particularly within Lindblad’s target customer demographic, which is expected to grow as a portion of the U.S. population. According to InvestingPro data, analyst targets for the stock range from $12 to $17.
The analysts pointed out that Lindblad Expeditions, with its market capitalization of $552 million, is poised to capitalize on the trend due to its expanded ship fleet and recent acquisitions of land experience tour operators. The company has demonstrated strong growth potential, with revenue increasing by 15.7% over the last twelve months. They also highlighted the company’s strengthened partnership with Disney/National Geographic, which is anticipated to contribute to driving occupancy rates back to pre-pandemic levels by the end of 2026.
The report further projected that Lindblad Expeditions would generate significant cash flow in the coming years. This financial strength is expected to support both organic growth and additional acquisitions of land experience operators, thereby enhancing the company’s offerings. InvestingPro analysis reveals several additional insights about the company’s financial health and growth prospects. Subscribers can access the comprehensive Pro Research Report, which provides deep-dive analysis of over 1,400 US stocks, including LIND.
The endorsement from Texas Capital Securities comes as the travel industry continues to adapt to the changing preferences of consumers in the post-pandemic landscape. With the Buy rating and a price target of $16, the analysts signal confidence in Lindblad Expeditions’ strategic positioning and future growth potential, supported by the company’s EBITDA of $86.8 million in the last twelve months.
In other recent news, Lindblad Expeditions Holdings reported strong financial results for the first quarter of 2025, with total revenue reaching $180 million, surpassing the forecast of $163.92 million. The company achieved a positive earnings per share of $0.01, a significant improvement from the anticipated loss of $0.02 per share. Lindblad’s revenue saw a 17% year-over-year increase, with the Lindblad segment contributing $131 million and land experiences adding $49 million. Adjusted EBITDA rose to $30 million, marking a 39% increase from the previous year. Stifel analysts adjusted Lindblad’s stock target to $17, maintaining a Buy rating, noting improved occupancy rates and robust demand. Despite this, Lindblad has not raised its guidance due to economic uncertainties. Analysts at Stifel anticipate that Lindblad’s occupancy levels could return to pre-pandemic figures by 2026, even considering a potential moderate recession. The company’s cautious approach and strategic partnerships, including with Disney (NYSE:DIS) and National Geographic, continue to support its strong market position.
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