Carnival, Royal Caribbean Shares Are Moving Higher: What's Going On?
Portfolio Pulse from Adam Eckert
Carnival Corp (NYSE:CCL) and Royal Caribbean Cruises Ltd (NYSE:RCL) shares are moving higher following Norwegian Cruise Line Holdings Ltd (NYSE:NCLH) raising its 2024 guidance and setting new 2026 financial targets. Norwegian's new strategy includes increased financial and sustainability targets, leading to a nearly 7% rise in its shares. Analysts have also raised price targets for Carnival and Royal Caribbean.
May 20, 2024 | 1:54 pm
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POSITIVE IMPACT
Carnival Corp shares are up 4.33% following Norwegian Cruise Line's raised 2024 guidance and new 2026 targets. Analysts have also raised the price target for Carnival from $22 to $23.
Carnival's stock is positively impacted by the overall positive sentiment in the cruise line sector due to Norwegian's raised guidance and new targets. Additionally, analysts raising the price target for Carnival further boosts investor confidence.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Norwegian Cruise Line shares are up nearly 7% after the company raised its 2024 guidance and set new 2026 financial targets. The new strategy includes increased financial and sustainability targets.
Norwegian's stock is directly impacted by the company's announcement of raised guidance and new financial targets, which has led to a significant increase in share price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Royal Caribbean shares are up 2.59% following Norwegian Cruise Line's raised 2024 guidance and new 2026 targets. Analysts have also raised the price target for Royal Caribbean from $159 to $165.
Royal Caribbean's stock is positively impacted by the overall positive sentiment in the cruise line sector due to Norwegian's raised guidance and new targets. Additionally, analysts raising the price target for Royal Caribbean further boosts investor confidence.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80