William Blair analyst Sharon Zackfia has reiterated their bullish stance on RCL stock, giving a Buy rating today.
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Sharon Zackfia has given her Buy rating due to a combination of factors that suggest a positive outlook for Royal Caribbean. One of the key reasons is the anticipated strong performance in the third quarter, driven by widespread momentum across the company’s operations. Zackfia expects the company to achieve at least the upper end of its guidance for constant-currency net yields, supported by robust ticket pricing and onboard spending.
Additionally, despite some challenges related to the timing of ship deliveries, which are expected to create a headwind, the overall financial outlook remains positive. The expected rise in net cruise costs, excluding fuel, is projected to be within the guidance range, indicating effective cost management. These factors collectively underpin Zackfia’s confidence in the stock, leading to the Buy rating.
In another report released today, Mizuho Securities also maintained a Buy rating on the stock with a $362.00 price target.