Buy Rating on Lindblad Expeditions: Strategic Partnerships and Growth Potential Underscore Investment Opportunity

Eric Wold, an analyst from B.Riley Financial, reiterated the Buy rating on Lindblad Expeditions Holdings (LIND – Research Report). The associated price target remains the same with $14.00.

Eric Wold has given his Buy rating due to a combination of factors including strong forward bookings, a solidified partnership with Disney, and potential for significant growth in earnings before interest, taxes, depreciation, and amortization (AEBITDA). Despite a minor projected decrease in occupancy rates, the net yield per available guest night is expected to rise. Furthermore, the current reduction in share prices, influenced by macroeconomic concerns, is seen as an overreaction considering Lindblad’s affluent target demographic and robust bookings visibility. This presents what Wold sees as an attractive entry point for investors.
The analyst also emphasizes the growth opportunities stemming from the strengthened relationship with National Geographic and Disney, which could lead to increased visibility and higher demand for Lindblad Expeditions. The integration with Disney’s various platforms is anticipated to be a growth driver beyond 2024. Moreover, the potential for fleet expansion, with the possibility of a quicker addition through the purchase and reconfiguration of a used vessel, could significantly enhance the company’s capacity. The combination of these strategic advantages and the current undervaluation relative to peers makes LIND an appealing investment, in Wold’s view.

According to TipRanks, Wold is an analyst with an average return of -9.0% and a 36.27% success rate. Wold covers the Consumer Cyclical sector, focusing on stocks such as United Parks & Resorts, Lindblad Expeditions Holdings, and Brunswick.

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Lindblad Expeditions Holdings (LIND) Company Description:

Lindblad Expeditions Holdings, Inc. engages in the provision of expedition cruising and travel services. It operates through the Lindblad and Natural Habitat segments. The Lindblad segment primarily includes sea-based expeditions. The Natural Habitat segment offers land-based, eco-conscious expeditions. The company was founded by Sven-Olof Lindblad on August 9, 2010 and is headquartered in New York, NY.