Norwegian Cruise Line price target lowered to $27 from $31 at Goldman Sachs

Goldman Sachs lowered the firm’s price target on Norwegian Cruise Line (NCLH) to $27 from $31 and keeps a Buy rating on the shares. Norwegian’s lack of Q3 net yield beat and a 45 basis point cut to Q4 yields meant it was the second cruise operator to bring the era of expected beat and raises to an end, the analyst tells investors in a research note. While bookings commentary was broadly positive from Norwegian, the stock may be stuck in the penalty box until there are real proof points from Wave Season and with 2026 guidance that things have turned a corner, Goldman says.