Turnaround Imminent For Norwegian Cruises? 2 Analysts Share Takeaways From Investor Event
Portfolio Pulse from Hayden Buckfire
Shares of Norwegian Cruise Line Holdings (NYSE:NCLH) surged over 7% following their 'Charting the Course' investor event, where management revised 2024 Adjusted EPS upwards. Analysts from Stifel and Goldman Sachs provided mixed reviews, with Stifel being more optimistic about long-term growth and Goldman Sachs maintaining a neutral stance due to short-term geopolitical concerns.
May 21, 2024 | 6:47 pm
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POSITIVE IMPACT
Norwegian Cruise Line Holdings (NCLH) saw a 7% increase in share price after revising its 2024 Adjusted EPS upwards. Stifel raised its price target to $26, citing strong bookings and pricing, while Goldman Sachs raised its target to $21 but remained cautious due to geopolitical concerns.
The upward revision of 2024 Adjusted EPS and positive analyst ratings from Stifel, along with a price target increase from Goldman Sachs, are likely to boost investor confidence in the short term. However, Goldman Sachs' caution due to geopolitical concerns tempers the overall optimism.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
Royal Caribbean Group (RCL) was mentioned as a comparison point by Stifel analyst Steven M. Wieczynski, who noted that Norwegian's long-term targets are similar to those previously laid out by Royal Caribbean.
RCL was mentioned in a comparative context by the Stifel analyst, indicating that Norwegian's long-term targets are similar to those of Royal Caribbean. This mention is less likely to have a direct short-term impact on RCL's stock price.
CONFIDENCE 70
IMPORTANCE 30
RELEVANCE 20