CNBC host Jim Cramer urged investors to buy Viking Holdings after the cruise operator’s shares fell about 20% from their Aug. 5 peak of $108. He said investors were overreacting to temporary disruptions and argued that Viking’s robust forward bookings, high-end customer base, growth, profitability and balance sheet justified its premium valuation. Low water levels on the Danube and Rhine have forced itinerary changes and passenger compensation, with related voucher costs expected to continue through 2027 and 2028. Viking’s second-quarter 2026 results exceeded Wall Street expectations. By early August, the company had sold 96% of its 2026 capacity and 53% of its 2027 capacity. Bookings rose 13% to $6.39 billion for 2026 and 21% to $4.71 billion for 2027, while booking value per passenger cruise day increased 6% and 10%, respectively. Operating capacity is scheduled to grow 7% in 2026 and 15% in 2027. The sell-off has reduced the stock’s valuation to about 22 times projected next-12-month EPS, still above major cruise peers. Viking primarily serves affluent, older travelers and focuses heavily on river cruises, which Cramer said could support resilience amid inflation and higher energy costs. Shares fell 19.09% over the past month and closed Monday 2.67% lower at $86.14. An earlier account cited an intraday high of $110, creating a discrepancy with the $108 peak identified in the latest report.