Jefferies upgrades Royal Caribbean and lifts price target
The brokerage also raised its fiscal 2027 net yield growth forecast ahead of the cruise company’s next results call.
Jefferies upgraded Royal Caribbean shares from Hold to Buy on October 8, 2026, while increasing its 12-month price target to USD 330 from USD 305. The brokerage also raised its forecast for the company’s fiscal 2027 net yield growth from 2.90 percent to 3.30 percent.
Royal Caribbean reported second-quarter 2026 revenue of USD 4.83 billion and diluted earnings per share of USD 4.20 on July 28. The company has scheduled its third-quarter results conference call for October 27, 2026, at 10:00 a.m. Eastern Time.
The cruise operator also agreed on September 23 to invest USD 3 billion for a 50 percent interest in Sandals and Beaches Resorts. The partnership is expected to close in early 2027.
Royal Caribbean shares traded at EUR 251.45 on Lang & Schwarz at 3:42 p.m. CEST on October 9. That was 0.14 percent above the previous closing price of EUR 251.10 on October 8.
