Stifel raised the firm’s price target on Royal Caribbean to $200 from $180 and keeps a Buy rating on the shares. After having recently spent time with Royal’s management team aboard the company’s newest ship, the firm says its channel checks and conversations with the agent community make it “very clear demand for cruising has not slowed down at all” and that there seems to be growing demand for cruise vacations throughout 2025 and into 2026. The firm, which expects Royal to report Q2 earnings sometime in the next two weeks, feels “more than comfortable enough” to raise its 2024-2026 EBITDA estimates based on continued strength in booking/pricing patterns, the analyst tells investors.
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