Royal Caribbean price target raised to $257 from $253 at Citi
The Fly

Royal Caribbean price target raised to $257 from $253 at Citi

Citi raised the firm’s price target on Royal Caribbean (RCL) to $257 from $253 and keeps a Buy rating on the shares. Royal reported a “characteristic” Q3 beat, and while investors may have initially been disappointed with the lack of flow-through to the full-year guide, this was driven by stock-based comp increases and the hurricane impact, neither of which can really be held against the company, the analyst tells investors in a research note. Citi says that more importantly, management drew a $14 earnings per share line in the sand with respect to 2025 earnings, which likely supports earnings power that is “comfortably higher.”

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App