WallStSmart
VIK

Viking Holdings Ltd

NYSE: VIK · CONSUMER CYCLICAL · TRAVEL SERVICES

$78.54
-1.24% today

Updated 2026-04-29

Market cap
$35.03B
P/E ratio
30.56
P/S ratio
5.39x
EPS (TTM)
$2.57
Dividend yield
—
52W range
$41 – $87
Volume
2.8M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

Viking Holdings Ltd (VIK) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$78.54
Consensus
$79.25
+0.90%
2030 Target
$329.12
+319.05%
DCF
—
—
12 analysts:
7 Buy3 Hold2 Sell

Management guidance

Management has not provided explicit multi-year revenue targets through 2030. However, CEO Torstein Hagen indicated preference to reinvest in the company rather than pursue buybacks, and management announced expansion of fleet with new Nile River ships (Viking Ptah, Viking Sekhmet) debuting Sept-Nov 2026, plus continued India river voyage expansions through 2029. Advanced bookings are 96% sold for 2025 and 55% sold for 2026 at higher rates, indicating strong pricing power and demand visibility.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$553.52
$12.3B Rev × 20x P/S
Base case (2030)
$329.12
$12.3B Rev × 12x P/S
Bear case (2030)
$224.40
$12.3B Rev × 8x P/S

Financial forecast — research-backed

Metric2023202420252026 (E)2027 (E)2028 (E)2029 (E)2030 (E)
Revenue$4.7B$5.3B$6.5B$7.4B$8.5B$9.7B$10.9B$12.3B
Revenue growth—13.2%21.9%14.5%14.1%13.6%13.2%13.0%
EPS—$1.88$2.62$3.34$4.08$4.85$5.68$6.62
P/S ratio———12.0x12.0x12.0x12.0x12.0x
Implied price———$201.96$231.88$261.80$291.72$329.12

Catalysts & risks

Growth catalysts
+ Delivery of new Nile River ships (Viking Ptah Sept 2026, Viking Sekhmet Nov 2026) expanding Egyptian capacity
+ World's first hydrogen-powered cruise ship (Viking Libra) appeals to environmentally conscious travelers and differentiates brand
+ Strong advanced bookings at higher yields (55% of 2026 capacity pre-sold at elevated rates) driving pricing power into 2027-2028
+ Potential M&A for geographic expansion or passenger option enhancement (BofA commentary on CEO reinvestment preference)
+ India river voyage expansion through 2029 and Mississippi/Ohio River new itineraries for 2027
Key risks
- Unhedged heavy fuel oil exposure: UBS noted 10% fuel cost increase could impact 2027 EPS by $0.05; oil prices at $100/barrel create margin pressure
- Consumer cyclical exposure: Travel demand vulnerable to recession, geopolitical instability (Iran tensions cited in recent news), and consumer spending pullback
- High leverage: Debt/Equity ratio of 5.25x (LT Debt/Eq 4.88x) limits financial flexibility if bookings deteriorate or capex requirements increase

Methodology

Viking Holdings Ltd's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 12 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 7, 2026.