Royal Caribbean Cruises gets price target lift from Barclays

Barclays raises the price target on Royal Caribbean Cruises (RCL) from $165 to $185 per share while analysts maintained their Overweight rating on the stock. The Market Domination team dissects the analyst note which points to consumer enthusiasm for. cruises and travel bookings.

For more expert insight and the latest market action, click here to watch this full episode of Market Domination.

This post was written by Luke Carberry Mogan.

Video Transcript

Let's get to our next mover as well.

Based on a call, it's Barclays raising its price target on Royal Caribbean from 165 to 185.

That note citing plenty of potential upside for the cruise line and for the industry more broadly, they also raised earnings estimates for, um, Norwegian cruise lines.

But, um, I think what stood out to me was, um, the, the sort of last part of the note here on cruises or where Brandt Montour, the, uh, the analyst said, how is cruise demand continuing to outperform broader consumer, including restaurants and other experiences?

The simple answer is price and that's what we've heard from the cruise lines themselves, right?

They've said we offer value to people.

That's what we try to land based travel particularly.

They'll, they'll always hammer, right?

And so that so I guess that's what, you know, people are buying.

Yeah, like likes this name.

Um, by the way, he also told clients, he expects the company to announce a capital return program before the year is out.

Potentially even earlier, cliffhanger there rates them an overweight target 185 not as enthusiastic.

It doesn't look like um Julie, by the way, on, on rival Norwegian the there he's equal weight but on RCL estimates that on RCL, he li he likes the look of it.