tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Royal Caribbean price target raised to $420 from $400 at Stifel

Stifel raised the firm’s price target on Royal Caribbean (RCL) to $420 from $400 and keeps a Buy rating on the shares. The firm believes there were “a lot of investors out there looking for any reason to sell this name right now given its massive share outperformance and the hesitancy around its current valuation.” However, it views the post-earnings selloff as an opportunity to “buy into the best management team across the cruise industry and a name that should witness incredible EPS growth through 2028,” the analyst stated.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

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

Disclaimer & DisclosureReport an Issue

1