Royal Caribbean (RCL) is poised for continued long-term growth and enhanced shareholder value creation amid strong travel demand and increasing travel market penetration, Tigress Financial Partners said in a note Thursday.

The firm also took note of the company's investment in new ships, expansion into river cruising and digital initiatives for improved guest experience and operating efficiencies.

Tigress said the company is increasingly using artificial intelligence to maximize pricing and yield, capture demand quality, optimize marketing efforts and enhance onboard and pre-board passenger experiences.

"RCL is well-positioned to continue to gain market share in the $2 trillion travel industry," the firm said.

Tigress raised its target price on the company to $415 from $330 and maintained its buy rating.

Price: 324.04, Change: -5.08, Percent Change: -1.54