Royal Caribbean Cruises (RCL) PT Raised to $168 at Mizuho

Mizuho analyst Ben Chaiken raised the price target on Royal Caribbean Cruises (NYSE: RCL) to $168.00 (from $164.00) while maintaining a rating.

The analyst commented: 'Results were better than expected across the board (1Q reported, 2Q guidance, and FY guidance). Pricing accelerating, onboard robust, costs slightly higher on 1x items, and Street estimates should move higher. Demand is holding up well (arguably accelerating), and RCL has a very compelling cost story into ’25 lapping elevated dry docks and higher stock comp, as well as a compelling lineup of private destinations (Paradise Island and Cozumel)."

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