Viking Holdings Stock Surges 254% Since IPO

Viking Holdings has seen its stock price rise 254% since its initial public offering on May 1, 2024, climbing from $24 to approximately $85 per share. The growth is driven by increased luxury consumption among high-earners, contributing to recent quarterly results that show revenue grew 16% to $2.2 billion and adjusted EBITDA increased by 18.2%.

The company is expanding its fleet to meet strong demand, increasing operating capacity by 7% in 2026 and planning a further 15% increase in 2027. Current bookings reflect this momentum, with 96% of 2026 capacity and 53% of 2027 capacity already sold. Advanced bookings for 2027 have risen 21% compared to 2026, while passenger cruise day prices increased 10% to $958.

Wall Street analysts maintain a positive outlook on the company, with 82% rating the stock as a buy and setting a median price target of $112.