Goldman Sachs upgraded Norwegian Cruise Line (NCLH) to Buy from Neutral with a price target of $35, up from $29. The firm expects a solid 2025 for the leisure group with “another stellar year” for cruise. The analyst likes the setup for Norwegian in 2025, saying HundredX data pointing to accelerating net purchase intent and significant cost savings still to be realized. This should provide upside to estimates and the stock should begin to narrow the valuation gap to Royal Caribbean (RCL), the analyst tells investors in a research note.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NCLH:
- Early notable gainers among liquid option names on December 2nd
- Norwegian Cruise Line price target raised to $35 from $25 at Truist
- Unusually active option classes on open November 19th
- Norwegian Cruise Lines put volume heavy and directionally bearish
- Norwegian Cruise Line price target raised to $29 from $26 at BofA