Royal Caribbean shares upgraded amid earnings and investment developments
Jefferies changed its rating on Royal Caribbean from Hold to Buy as the cruise group reported quarterly results and pursued an equity interest in Sandals and Beaches Resorts.
Jefferies upgraded Royal Caribbean stock from Hold to Buy on October 8, 2026. The firm also increased its price target from USD 305.00 to USD 330.00.
Royal Caribbean reported second-quarter revenue of USD 4.83 billion on July 28, 2026. Its adjusted earnings per share for the quarter were USD 4.21.
The group announced on September 23, 2026, that it planned to invest USD 3.0 billion for a 50 percent equity interest in Sandals and Beaches Resorts. The announced transaction represents a forward EBITDA multiple of 10.00 times.
The deal is expected to close in early 2027, subject to approvals. Separately, Royal Caribbean stock was trading at EUR 251.40 at Lang & Schwarz on October 12, 2026, at 11:53 a.m. CEST.
