Royal Caribbean Cruises Ltd. (NYSE:RCL) is highlighted as one of the most profitable consumer stocks to buy now. Wolfe Research raised its price target on the stock to $394 from $272, indicating a potential upside of nearly 13% from the current trading level of around $350.

Industry data supports strong cruise demand and pricing trends, with improved onboard spending and healthy booking curves. Royal Caribbean’s bullish performance is attributed to a surge in international travel and consumer spending on experiences. Analysts believe the stock has more room to grow as capacity returns to pre-pandemic levels.

Analysts are optimistic about Royal Caribbean’s future despite macro uncertainty and rising costs. The focus is now on sustaining momentum through 2025. While Royal Caribbean shows promise as an investment, some AI stocks may offer greater upside potential and less downside risk. Consider exploring undervalued AI stocks for potential investment opportunities.

Disclosure: None.

Read more at Yahoo Finance: Wolfe Raises Royal Caribbean (RCL) Price Target, Maintains Outperform Rating