Goldman Sachs Just Upgraded Viking Holdings Stock to a Buy and Cut Norwegian Cruise Line. Here's Which Stock Could Soar In 2026 and Beyond.
2025-12-09 18:09:24 ET
Cruise stocks have been a surprising bright spot during a time of economic anxiety and worries about inflation.
While some consumer-facing stocks like fast-casual chains and apparel companies have been seeing sales headwinds, cruise stocks have continued to deliver solid results. Of the three major cruise stocks, Carnival (NYSE: CCL) , Royal Caribbean (NYSE: RCL) , and Norwegian Cruise Line (NYSE: NCLH) , Norwegian has been a laggard in the post-pandemic era as it's reported weaker net yield, or price, growth, and its occupancy rates have improved at a slower rate than its peers.
Now, Goldman Sachs sees further pressure building on Norwegian. The investment bank downgraded Norwegian from buy to neutral and lowered its price target from $23 to $21, due to market saturation in the Caribbean and Norwegian's overexposure to that market. Norwegian is also investing in more growth in that region at a rate that's well above the industry's.
NASDAQ: VIK
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