{
  "id": 20202123,
  "title": "Mizuho upgrades Viking Holdings stock rating on normalized valuation",
  "url": "https://urgent.news/2026/11/15/mizuho-upgrades-viking-holdings-stock-rating-on-normalized-valuation",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-15T15:56:55.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/analyst-ratings/mizuho-upgrades-viking-holdings-stock-rating-on-normalized-valuation-93CH-5028005"
  },
  "original_language": "en",
  "account": "Mizuho upgraded Viking Holdings (NYSE:VIK) stock rating to \"Outperform\" from \"Underperform\" and raised its price target to $120 from $82, according to analyst Ben Chaiken. The shares have underperformed cruise peers Royal Caribbean and Carnival over the last six months, mostly due to lower river levels in Europe, which Mizuho believes is temporary. The stock has declined around 16% over three months, while Royal Caribbean and Carnival increased by roughly 5%. Despite recent weakness, Viking Holdings delivered a 52% return over the past year, as per InvestingPro data.\n\nMizuho anticipates a significant impact in 2029, where it sees notable upside potential. Previously, the firm rated the stock \"Underperform\" based on perceived one-sided bullish sentiment, limited upside, and stretched valuation. All three factors have now normalized, they claim. The company's current valuation metrics include a P/E ratio of 29.8 and a PEG ratio of 0.46, suggesting it may still be overvalued relative to its Fair Value estimate. Investors can access comprehensive valuation metrics and additional ProTips for VIK on Mizuho's platform.\n\nViking Holdings is preparing for its Q3 earnings report on November 17. UBS maintains its \"Buy\" rating on the company and sets a price target of $121, expecting guidance on European river water levels to be a catalyst. Stifel also reiterated its \"Buy\" rating with a $115 price target, anticipating Viking Holdings to provide insights on European river levels, which could influence yields in upcoming quarters. Barclays upgraded Viking Holdings to \"Overweight\" from \"Equalweight,\" raising the price target to $102, citing a potential recovery in river conditions as a positive factor. UBS supports its \"Buy\" rating, emphasizing that weather forecasts are more reliable in predicting future river conditions, potentially benefiting Viking Holdings' operations. These developments present varying analyst expectations regarding the company's prospects amid changing circumstances.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}