Royal Caribbean Cruises Ltd. (NYSE:RCL) is one of the Iran Peace Deal Sends Oil Lower: Top 8 Travel Stocks to Buy Now.
On June 16, Citi analyst James Hardiman raised the firm’s price target on Royal Caribbean Cruises Ltd. (NYSE:RCL) from $348 to $362 and reaffirmed a Buy rating on the stock
The upward price target revision reflects a further 13% upside from current levels. Despite challenges ranging from geopolitical conflicts to volatile energy markets and severe weather, the cruise industry remained one of the travel sector’s most consistent outperformers. Earlier on May 28, UBS analysts led by Robin Farley highlighted that the cruise industry remains an attractive investment due to its strong value proposition.
As a result, the industry appeals to both Baby Boomers and Millennials. They added that slower growth in cruise capacity and a widening price advantage over hotels and resorts make the sector an attractive area of investment. UBS analyst team had this to say about the industry’s prospects: “In an industry that is almost entirely a fixed-cost business, where ships are therefore yielded to full occupancy, it can be difficult to protect the bottom line from fuel price increases.