Vik stock price surged in morning trade after positive

VIK stock price surged in morning trade after positive analyst coverage upgraded its rating, pushing targets to $21.50 amid optimistic revenue forecasts. The RSI value is not the only factor that indicates a potential turnaround for the stock in the near term. On the fundamental side, there has been strong agreement among the sell-side analysts covering the stock in raising earnings estimates for the current year. Over the last 30 days, the consensus EPS estimate for VIK has increased 2.5%. And an upward trend in earnings estimate revisions usually translates into price appreciation in the near term. Smart Portfolio is supported by our partner TipRanks. By connecting my portfolio to TipRanks Smart Portfolio I agree to their Terms of Use .