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Earnings Momentum Will Recover As New Vessel Deliveries Accelerate Through 2028

Published
08 Aug 24
Updated
29 Oct 25
AnalystConsensusTarget's Fair Value
US$344.09
16.6% undervalued intrinsic discount
29 Oct
US$286.83
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1Y
42.0%
7D
-9.4%

Author's Valuation

US$344.0916.6% undervalued intrinsic discount

AnalystConsensusTarget Fair Value

Shared on 29 Oct 25

Fair value Decreased 3.31%

Royal Caribbean Cruises' analyst price target has shifted downward by $11.78 to $344.09, as analysts cite conservative earnings guidance, softer-than-expected revenue yield trends, and mixed forward booking indicators. Analyst Commentary Recent analyst coverage of Royal Caribbean Cruises highlights both confidence in the company’s execution and caution around its future earnings trajectory.

Shared on 19 Sep 25

Fair value Increased 1.20%

New Cruise Ships And Private Destinations Will Expand Markets

Analysts have raised Royal Caribbean Cruises' price target to $355.87, citing strong forward demand, robust pricing power, industry-leading margins, and accretive land-based initiatives, while recent share gains leave some caution on tactical positioning. Analyst Commentary Bullish analysts cite strong forward demand and robust pricing power driving significant upward EPS revisions for Royal Caribbean through 2027/2028.

Shared on 04 Sep 25

New Cruise Ships And Private Destinations Will Expand Markets

Despite a less attractive near-term tactical setup following a sector rally, analysts cite strong demand, robust pricing, and superior margins as drivers for Royal Caribbean's long-term EPS and market share growth, resulting in the consensus price target remaining unchanged at $351.65. Analyst Commentary Bullish analysts highlight strong forward demand, robust pricing, and optionality from land-based projects as drivers for increased price targets.

Shared on 29 Jul 25

Fair value Increased 15%

New Cruise Ships And Private Destinations Will Expand Markets

The notable increase in Royal Caribbean Cruises' consensus price target appears primarily driven by an upward revision in its future P/E multiple rather than stronger revenue growth expectations, resulting in a new fair value estimate of $328.42 per share. What's in the News Royal Caribbean welcomed Star of the Seas, its latest Icon Class ship powered by LNG, further advancing environmental initiatives and setting the stage for its goal of a net-zero cruise ship by 2035; Legend of the Seas, another LNG-powered Icon Class ship, is set to debut in 2026.

Shared on 21 Jul 25

Fair value Increased 15%

New Cruise Ships And Private Destinations Will Expand Markets

Driven by sustained demand strength, improved pricing power, and positive yield momentum—offset by some near-term caution after a broad sector rally—Royal Caribbean Cruises’ consensus analyst price target has been raised materially from $265.37 to $306.43. Analyst Commentary Bullish analysts highlight strong forward demand and improved pricing power, driving upward EPS estimates for the long term.

Shared on 07 May 25

Fair value Increased 0.52%

New Cruise Ships And Private Destinations Will Expand Markets

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 30 Apr 25

Fair value Decreased 1.96%

New Cruise Ships And Private Destinations Will Expand Markets

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 23 Apr 25

Fair value Decreased 2.17%

New Cruise Ships And Private Destinations Will Expand Markets

Shared on 16 Apr 25

Fair value Decreased 0.75%

New Cruise Ships And Private Destinations Will Expand Markets

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 09 Apr 25

Fair value Decreased 0.56%

New Cruise Ships And Private Destinations Will Expand Markets

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 02 Apr 25

Fair value Decreased 0.35%

New Cruise Ships And Private Destinations Will Expand Markets

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 26 Mar 25

Fair value Decreased 0.27%

New Cruise Ships And Private Destinations Will Expand Markets

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 19 Mar 25

Fair value Decreased 1.98%

New Cruise Ships And Private Destinations Will Expand Markets

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 10 Mar 25

Fair value Increased 26%

New Cruise Ships And Private Destinations Will Expand Markets

AnalystConsensusTarget has increased future PE multiple from 16.5x to 20.9x.