Royal Caribbean stock surged 15% due to strong earnings, increased price targets, and entry into river cruises

From Nasdaq: 2025-01-31 18:22:46

Investors in Royal Caribbean Group (NYSE: RCL) stock saw a 15% increase in value last week due to strong earnings and increased analyst price targets. The company reported $3.76 billion in revenue for the fourth quarter of 2024, with net income nearly doubling to $553 million. Royal Caribbean also announced its entry into the river cruise industry with Celebrity River Cruises, set to launch in 2027. Analysts like Barclays raised their price targets on the stock to $308 per share following the positive news. However, it was not included in the Motley Fool’s list of top 10 stocks to buy now.



Read more at Nasdaq: Why Royal Caribbean Stock Cruised to a Nearly 15% Gain This Week