Jim Cramer says to buy the 20% dip in this cruise line stock
CNBC's Jim Cramer said Viking Holdings’ nearly 20% pullback has created an attractive opportunity to buy what he considers the best cruise stock in the market.
TL;DR
- Jim Cramer recommends buying Viking Holdings stock due to its recent 20% dip.
- Viking Holdings is known for river cruises but also offers ocean voyages.
- The stock has fallen from its all-time high due to broader cruise industry pressures and Viking-specific concerns like low river water levels.
- Cramer believes these disruptions are temporary and the underlying business remains strong.
- Viking Holdings has strong bookings, with 96% capacity sold for 2026 and 53% for 2027.
- The company's decision to compensate affected passengers is seen as an investment in customer loyalty.
- Viking caters to affluent, older travelers, making it resilient to economic downturns.
- The stock's valuation, while at a premium, is considered warranted by Cramer due to superior growth and profitability.