Movement Alert|Royal Caribbean Cruises Rises 3.5% in Regular Trading, Multiple Institutions Raise Target Prices Post-Earnings

Market Focus08-03 21:48

On August 3, Royal Caribbean Cruises rose 3.5% in regular trading, trading at approximately $323.19/share, with turnover of $89.55 million.

On the news front, following the release of Q2 earnings on July 28, multiple institutions issued target price upgrades in quick succession. Citi raised its target from $327 to $362 while maintaining a Buy rating, Susquehanna lifted its target to $372 with a Positive rating, and Wells Fargo raised to $388 maintaining an Overweight rating. The Q2 report showed results exceeding market expectations, prompting management to raise full-year guidance. Additionally, booking prices reached all-time highs, with 2027 booking trends running well above historical levels.

The broader cruise sector showed strength on the same day. Within the Hotels, Resorts & Cruise Lines sector, Norwegian Cruise Line gained 4.72%, Carnival rose 2.8%, and Booking Holdings added 1.08%, while Marriott fell 5.51% and Hilton declined 1.49%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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