Viking Holdings (VIK) on Tuesday posted third-quarte🌳r revenue and net income that beat analysts' expectations. 

The cruise operator posted revenue of $1.68 billion, above the consensus estimate of analysts polled by Visible Alpha. Viking swung to a profit of $374.8 million, or $0.86 per share, from a loss of $1.24 billion, or $3.02 per share, also beating projections.

However, Viking reported an occupancy rate of 94.0% for the third quarter, down from 94.9% a year ago and below the ✱expected 95.4%.

JPMorgan Analysts Bullish on Bookings

Still, analysts at JPMorgan affirmed an "overweight" rating for Viking and raised their price target to $50 from $42. The firm noted that 2025 "booking curves point to 70% of capacity already sold at +7% higher pricing." 

Viking shares slipped 1% to $44.93 in afternoon trading. They are up 72% since their May 1 澳洲幸运5官方开奖结果体彩网:initial public offering (IPO).