On July 24, Royal Caribbean Cruises rose 3.03% in regular trading, trading at $291.48/share, with turnover of $48.536 million.
On the news front, the company is set to report quarterly earnings on July 28, with consensus estimates projecting revenue of $4.817 billion, representing 6% year-over-year growth, while institutional sentiment leans bullish. Goldman Sachs recently advised investors to shift focus beyond AI stocks toward experience consumption names, benefiting the cruise sector broadly — Carnival rose 2.77% and Norwegian Cruise Line gained 1.82%, reflecting clear sector linkage.
Additionally, Citi maintains a Buy rating with a $327 target price, while BMO Capital initiated coverage with a $370 target, both significantly above the current stock price, providing valuation support. Within the Hotels, Resorts & Cruise Lines sector, Booking Holdings rose 1.46%, Hilton gained 0.56%, and Marriott added 1.13%.
(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.)