Lindblad Expeditions Supported by Strong Bookings, Antarctica Expansion, Oppenheimer Says

12:02 PM EDT, 09/16/2026 (MT Newswires) -- Lindblad Expeditions Holdings (LIND) is positioned for stronger growth through 2026 and beyond as bookings remain firm, pricing improves, its Antarctica acquisition adds capacity, and cost savings support margins, Oppenheimer said Wednesday in a report. Bookings in 2027 are running ahead of 2026 in both cruise and land travel, while early 2028 revenue is twice the level generated during the same period last year, the report said. Lindblad's acquisitions of controlling stakes in White Desert, an Antarctic travel operator, and aviation brand Echo Charlie should expand its expedition offering, with White Desert adding 33% more capacity through a new camp under development, the report said. The company also has room to grow in Polynesia and through additional land-based acquisitions, Oppenheimer said. Fewer nonrevenue ship days, more efficient vessels, lower fuel use and contract renegotiations are expected to help reduce costs over the next few years, the report said. Oppenheimer maintained its outperform rating on Lindblad stock and its $37 price target. Price: 27.38, Change: +1.29, Percent Change: +4.94