Royal Caribbean upgraded after second-quarter growth and resort deal
Bank of America moved the cruise group to Buy as Royal Caribbean reported stronger 2026 results and announced an agreement involving Sandals and Beaches Resorts.
Bank of America upgraded Royal Caribbean Group from Neutral to Buy on September 28, 2026, and established a USD 330.00 price target, according to MarketBeat.
Royal Caribbean reported second-quarter 2026 revenue of USD 4.83 billion, representing a 6.50 percent increase from the corresponding quarter a year earlier. MarketBeat said adjusted earnings per share were USD 4.21, surpassing the USD 3.98 consensus estimate by USD 0.23.
The company’s standardized financial data showed second-quarter net income attributable to common shareholders of USD 1.128 billion and an operating margin of 27.00 percent. Cash generated from operating activities totaled USD 1.860 billion for the period.
Royal Caribbean also announced definitive agreements on September 23, 2026, to purchase a 50.00 percent interest in the business comprising Sandals and Beaches Resorts. The agreement carries a base cash purchase price of USD 3.0 billion.
According to Stock Titan, the transaction is expected to close in early 2027, subject to approvals and closing conditions. Stock Titan also reported that Royal Caribbean maintained its fiscal 2026 adjusted earnings guidance of USD 17.73 to USD 17.87 per share.
