Royal Caribbean Cruises (RCL) Stock: $50 Target And Hold Rating

By Amit Chowdhry ● Jul 1, 2022
  • The shares of Royal Caribbean Cruises Ltd (NYSE: RCL) have recently received a $50 price target from Deutsche Bank. These are the details.

The shares of Royal Caribbean Cruises Ltd (NYSE: RCL) have recently received a $50 price target from Deutsche Bank. And Deutsche Bank analyst Chris Woronka is maintaining a “Hold” rating on the shares. 

Woronka adjusted the rating while noting that it is optically very difficult for most everyone besides the cruise “perma-bulls” to have a conviction that an actionable bottom is in. And the recent conversations with investors indicate that there is not likely to be much sustainable buying pressure in the near term for the cruise names, especially given relative stock performance against other key sub-sectors and a host of known risks over the next 6 to 12 months. 

Going forward, Woronka believes it is still too early to go bottom fishing on cruise stocks.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.