On Oct 30, major Wall Street analysts update their ratings for $Royal Caribbean (RCL.US)$, with price targets ranging from $232 to $257.
J.P. Morgan analyst Matthew Boss maintains with a buy rating, and adjusts the target price from $213 to $243.
Citi analyst James Hardiman maintains with a buy rating, and adjusts the target price from $253 to $257.
Barclays analyst Brandt Montour maintains with a buy rating, and adjusts the target price from $244 to $245.
Wells Fargo analyst Daniel Politzer maintains with a buy rating, and adjusts the target price from $165 to $232.
Truist Financial analyst Patrick Scholes maintains with a buy rating.
Furthermore, according to the comprehensive report, the opinions of $Royal Caribbean (RCL.US)$'s main analysts recently are as follows:
Royal Caribbean's third-quarter earnings per share of $5.20 slightly exceeded expectations, marginally outpacing an estimate of $5.10 and the consensus of $5.05. However, the forecast for fourth-quarter earnings per share of $1.40-1.45 fell short of the expected $1.60 and the consensus of $1.58, partially due to the negative impact from Hurricane Milton. Looking further ahead, the company's projection of over $14 EPS for 2025 surpasses the consensus of $13.70, suggesting a positive early perspective for that year.
Royal Caribbean's third-quarter earnings surpassed expectations, a typical outcome for the company. Despite initial investor concerns regarding the full-year guidance not improving, these apprehensions were due to increases in stock-based compensation and hurricane-related impacts, factors that are not controllable by the company. Significantly, the management has indicated a potential earnings per share benchmark for 2025, suggesting a strong future earnings capability.
The firm notes that Royal Caribbean's momentum is poised for above-algorithm growth continuing into 2025. There is an observation of continued demand momentum, potential for out-year consensus to be exceeded, and compelling near-term catalysts.
Royal Caribbean's latest quarterly results surpassed expectations with an upward revision in core earnings guidance for Q4, which is projected to be 6% higher than the market consensus. The company's management has noted that consumer spending onboard, as well as pre-cruise purchases, are substantially surpassing 2023 levels, with increased engagement and higher spending rates being significant contributors.
Royal Caribbean's Q3 performance was slightly above expectations with a mixed forecast for Q4. Looking ahead, the prospects for 2025 are promising with an anticipated EPS of over $14, which is expected to gradually increase. Additionally, the Q1 2025 Investor Day is seen as a potential catalyst.
Here are the latest investment ratings and price targets for $Royal Caribbean (RCL.US)$ from 5 analysts:
Note:
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