William Blair analyst Sharon Zackfia has maintained their bullish stance on RCL stock, giving a Buy rating yesterday.
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Sharon Zackfia has given her Buy rating due to a combination of factors, including Royal Caribbean’s impressive second-quarter performance, which exceeded expectations in both revenue and profit. The company benefited from robust demand closer to sailing dates, efficient management of cruise costs excluding fuel, and favorable financial contributions from its partnership with TUI, as well as reduced interest expenses.
Moreover, the company’s net yields in constant currency terms increased by 5.2%, aligning with the previous quarter and surpassing both guidance and market predictions. This yield growth was balanced between new and existing ships, driven by higher ticket prices and increased onboard spending, which further supports the positive outlook for Royal Caribbean’s profitability moving forward.
According to TipRanks, Zackfia is a 5-star analyst with an average return of 12.7% and a 52.21% success rate. Zackfia covers the Consumer Cyclical sector, focusing on stocks such as Kura Sushi USA, Birkenstock Holding plc, and CarMax.
In another report released yesterday, Mizuho Securities also maintained a Buy rating on the stock with a $368.00 price target.