Wells Fargo Maintains Royal Caribbean Buy Rating After Target Cut
Analyst Trey Bowers set a price target of USD 358.00, while the consensus target stood at USD 354.29.
Wells Fargo analyst Trey Bowers maintained a Buy rating on Royal Caribbean and set a price target of USD 358.00. The target was reduced by USD 30.00 from the previous USD 388.00, a cut of 7.73% calculated from those values.
Royal Caribbean held an analyst consensus of Strong Buy, with a consensus price target of USD 354.29. Jefferies also upgraded Royal Caribbean to Buy on October 8, 2026, raising its target to USD 330.00 from USD 305.00.
For the quarter ending June 30, identified as the second quarter of 2026, Royal Caribbean reported revenue of USD 4.83 billion and net income of USD 1.13 billion.
Corporate insider sentiment on the stock was described as negative based on recent activity involving 56 insiders. Royal Caribbean was scheduled to discuss its third-quarter 2026 results on October 27, 2026, at 10:00 a.m. Eastern Time.
