Shares of Norwegian Cruise Line Holdings (NYSE:NCLH) are buoyant today after the company removed all requirements related to testing, masking and vaccination associated with COVID-19.
The President and CEO of the company Harry Sommer commented, “Many travelers have been patiently waiting to take their long-awaited vacation at sea and we cannot wait to celebrate their return.”
And indeed, the move could provide a further fillip to travel demand while also boosting sails of Cruise stocks including Carnival (NYSE:CCL) and Royal Caribbean (NYSE:RCL) after Friday’s carnage.
What Is the Target Price for NCLH?
Overall, the Street has a Moderate Buy consensus rating for NCLH stock based on four Buys and three Holds.
The average analyst price target of $18.57 implies a substantial 60.64% potential upside for Norwegian Cruise stock.
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