
Here's Why Viking Holdings (VIK) is a Strong Momentum Stock
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.
Many investors also have a go-to methodology that helps guide their buy and sell decisions. One way to find winning stocks based on your preferred way of investing is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely-followed investing types: value, growth, and momentum.
Is This 1 Momentum Stock a Screaming Buy Right Now?
For momentum investors, upward or downward trends in a stock's price or earnings outlook take precedent, so they'll want to zero in on the Momentum Style Score. This Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
Viking Holdings (VIK)
Viking Holdings Ltd, which went public in May 2024, is headquartered in Pembroke, Bermuda. The initial public offering of Viking Holdings was a successful one, raising $1.54 billion at around $24 per share. The new investment into the company was $245.5 million, accounting for 16% of the total funds raised. The company focuses on passenger shipping and other forms of passenger transport in North America, the United Kingdom and internationally. Viking targets English-speaking travelers aged above 55 years. The company's cruises do not allow guests under 18 years old.
VIK sits at a Zacks Rank #3 (Hold), holds a Momentum Style Score of A, and has a VGM Score of B. The stock is down 7% and up 5.5% over the past one-week and four-week period, respectively, and Viking Holdings has gained 47.5% in the last one-year period as well. Additionally, an average of 2,370,881 shares were traded over the last 20 trading sessions.
Momentum investors also pay close attention to a company's earnings. For VIK, two analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.02 to $2.39 per share for 2025. VIK boasts an average earnings surprise of 12.5%.
Investors should take the time to consider VIK for their portfolios due to its solid Zacks Ranks, notable earnings metrics, and impressive Momentum and VGM Style Scores.
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Viking Holdings Ltd. (VIK) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).