12 Best Cruise Stocks to Buy According to Hedge Funds

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6. Viking Holdings Ltd (NYSE:VIK)

Number of Hedge Fund Holders: 52

Viking Holdings Ltd (NYSE:VIK) offers destination-focused journeys on lakes, oceans, and rivers across the globe. Its offerings include travel experiences on all seven continents across the three cruise industry categories: ocean, river, and expedition cruising. Its fleet encompasses 58 longships, two expedition ships, and 11 ocean ships.

Viking Holdings Ltd (NYSE:VIK) has delivered notable gains so far in 2025 primarily due to the several top rankings it attained in the US News & World Report’s 2025 Best Cruise Line awards. The company also reported solid 2024 results, driven by a 6.3% growth in capacity and a healthy customer demand which was reflected in a net yield increase of 7.4%. Viking Holdings Ltd (NYSE:VIK) also reported a 14% year-over-year increase in its adjusted gross margin to more than $3.5 billion. Its strong results, disciplined approach to expenses, and focus on operational efficiency allowed the company to attain an adjusted EBITDA of $1.3 billion, up 23.7% from 2023. It also managed its balance sheet, ending 2024 with a 40.8% return on invested capital and net leverage of 2.4 times.

In a report released on March 21, Stephen Grambling from Morgan Stanley maintained a Buy rating on Viking Holdings Ltd (NYSE:VIK) with a price target of $49.00. The company is the sixth best cruise stock to buy according to hedge funds.

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