On September 30, Royal Caribbean Cruises rose 3.02% in regular trading, trading at approximately $268.46/share, with turnover of $170 million, extending gains from the prior session.

The rally was driven by continued momentum from dual analyst upgrades. Bank of America analyst Andrew Didora upgraded Royal Caribbean from Neutral to Buy with a $330 price target, while Deutsche Bank simultaneously raised its rating to Buy with a $299 target. BofA highlighted that the stock had fallen approximately 26% since August 5, arguing the selloff represented an excessive pullback and a compelling entry point.

Adding to the positive sentiment, BofA noted that Royal Caribbean's recently announced $3 billion investment for a 50% stake in Sandals Resorts, valued at $6 billion, is expected to add 3% to 4% to EBITDA initially. Analysts estimated the venture could grow EBITDA in the low- to mid-teens through 2030 if the company successfully applies its pricing, supply chain, and loyalty program expertise. The broader cruise sector also showed strength, with Norwegian Cruise Line up 1.89% and Carnival up 1.21%.

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