Royal Caribbean Cruises Posts Q3 Earnings Beat, But Analysts Say All Is Not Well
Portfolio Pulse from Priya Nigam
Royal Caribbean Cruises Ltd (NYSE:RCL) reported strong Q3 earnings, but analysts express concerns over future guidance. Goldman Sachs raised its price target, while Truist Securities maintained a Hold rating. Despite a Q3 earnings beat, RCL's Q4 guidance disappointed, leading to a slight stock decline.
October 30, 2024 | 7:07 pm
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Royal Caribbean Cruises reported a Q3 earnings beat, but Q4 guidance fell short of expectations. Goldman Sachs raised its price target to $245, while Truist Securities maintained a Hold rating. The stock saw a slight decline.
Despite a Q3 earnings beat, RCL's Q4 guidance was below expectations, leading to a slight stock decline. Analysts have mixed views, with Goldman Sachs raising its price target and Truist maintaining a Hold rating. The market reacted negatively to the Q4 guidance, impacting short-term stock performance.
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