Citi analyst James Hardiman has maintained their bullish stance on RCL stock, giving a Buy rating today.
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James Hardiman has given his Buy rating due to a combination of factors that highlight Royal Caribbean’s strong financial performance and strategic initiatives. The company reported better-than-expected earnings per share (EPS) for the third quarter, surpassing both the guidance and market expectations. Additionally, Royal Caribbean’s adjusted EBITDA also exceeded consensus estimates, demonstrating effective cost management despite challenges.
Moreover, the company has raised its EPS guidance for 2025, indicating confidence in its future performance, even though it faces some short-term headwinds from adverse weather conditions. Royal Caribbean’s announcement of a new Royal Beach Club in Santorini suggests strategic expansion efforts. The expected share price return of 24.6% further supports the Buy rating, reflecting a positive outlook on the stock’s potential growth.
In another report released today, Mizuho Securities also maintained a Buy rating on the stock with a $362.00 price target.
Based on the recent corporate insider activity of 59 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RCL in relation to earlier this year.