Royal Caribbean reaches 52-week high on strong earnings, positive ratings, and surging institutional interest.
Royal Caribbean Cruises Ltd. (NYSE: RCL) reached a 52-week high of $206.50, driven by strong earnings and positive analyst ratings. The company reported $3.21 EPS, exceeding expectations, with quarterly revenue of $4.10 billion, up 16.4% year-over-year. Analysts project profit targets of $11.58 per share for the year. Institutional interest has surged, reflecting confidence in the cruise industry's recovery post-COVID-19. The company's third-quarter report is highly anticipated.
October 28, 2024
20 Articles