Lindblad Expeditions Stock Drops 8.5%

Analysts Adjust Price Targets as Cruise Company Faces Headwinds

Published on Mar. 9, 2026

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Shares of Lindblad Expeditions (NASDAQ:LIND), a global leader in expedition cruising, fell 8.5% in trading on Monday. The stock traded as low as $16.28 before closing at $16.33, with trading volume declining 78% from the average. Several analysts have recently adjusted their price targets for the company, with a mix of buy, hold, and sell ratings.

Why it matters

Lindblad Expeditions is a prominent player in the expedition cruise industry, offering immersive small-ship voyages to remote and wildlife-rich regions. The company's stock performance and analyst sentiment provide insights into the challenges and opportunities facing the broader cruise industry, which has been impacted by the COVID-19 pandemic and changing consumer preferences.

The details

The drop in Lindblad Expeditions' stock price on Monday came despite several analysts adjusting their price targets for the company. Stifel Nicolaus lifted its target from $20 to $23, maintaining a buy rating, while Citigroup initiated coverage with a buy rating. However, Zacks Research downgraded the stock from strong buy to hold, and Weiss Ratings maintained a sell (d-) rating.

  • Lindblad Expeditions' stock closed at $17.84 on the previous trading day.
  • The stock traded as low as $16.28 on Monday, March 9, 2026.

The players

Lindblad Expeditions

A global leader in expedition cruising, specializing in immersive small-ship voyages to remote and wildlife-rich regions.

Stifel Nicolaus

An investment banking and financial services firm that recently lifted its price target for Lindblad Expeditions from $20 to $23 while maintaining a buy rating.

Citigroup

A multinational investment bank that recently initiated coverage of Lindblad Expeditions with a buy rating.

Zacks Research

A research firm that recently downgraded Lindblad Expeditions from a strong-buy rating to a hold rating.

Weiss Ratings

A financial research firm that maintained a sell (d-) rating on Lindblad Expeditions.

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What they’re saying

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What’s next

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The takeaway

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