Reported 1 day ago
Wolfe Research has boosted its price target for Royal Caribbean (RCL) from $272 to $394, maintaining its Outperform rating, reflecting strong cruise demand and robust industry trends. This forecast indicates a potential upside of nearly 13% from the current price of around $350. Analysts noted factors such as improved onboard spending and healthy bookings as driving forces behind their positive outlook, amidst expectations of a return to pre-pandemic capacity and earnings growth from new ship deliveries.
Source: YAHOO