On Oct 31, major Wall Street analysts update their ratings for $Royal Caribbean (RCL.US)$, with price targets ranging from $245 to $257.
Goldman Sachs analyst Lizzie Dove maintains with a buy rating, and adjusts the target price from $220 to $245.
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.
Macquarie analyst Paul Golding maintains with a buy rating.
Mizuho Securities analyst Benjamin Chaiken 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 reported a Q3 EPS of $5.20, which narrowly surpassed the anticipated figure of $5.10 and the consensus of $5.05. However, their Q4 EPS guidance ranging from $1.40 to $1.45 fell short of the anticipated $1.60 and the consensus of $1.58, influenced partly by a 14 cent negative impact from Hurricane Milton. Significantly, the company projected an EPS of over $14 for the year 2025, which exceeds the consensus forecast of $13.70. This projection is considered to be a positive early indicator for the company's performance in 2025.
Royal Caribbean delivered a typical outperformance for Q3. Initial reactions might have been tempered by the unchanged full-year guidance, influenced by increases in stock-based compensation and the effects of hurricanes. However, these factors are generally not controllable by the company. More crucially, management indicated a potential for a $14 earnings per share by 2025, suggesting a significantly stronger earnings capability.
The firm believes Royal Caribbean's momentum is poised to continue, with growth expected to surpass projections by 2025. The analyst anticipates enduring demand momentum, potential for out-year consensus to be exceeded, and appealing near-term catalysts.
Royal Caribbean's third-quarter results surpassed expectations and the company has projected a core fourth-quarter earnings guidance that is above average analyst predictions. Observations indicate that consumer spending onboard, along with pre-cruise purchases, have continued to surpass levels seen in 2019, which is attributed to more customers participating and doing so at increased rates.
Royal Caribbean's latest quarterly results surpassed guidance and market expectations. This performance underpins the positive momentum observed in the company's operations.
Here are the latest investment ratings and price targets for $Royal Caribbean (RCL.US)$ from 7 analysts:
Note:
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