Jefferies raises target for Royal Caribbean stock to USD 330.00

Published on 10/08/2026 at 16:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Royal Caribbean stock is EUR 250.90 versus EUR 252.80 on October 8, 2026. Second-quarter revenue rose 6.50 percent to USD 4.83 billion.

Key points in brief

Das Wichtigste in Kürze

Jefferies upgraded Royal Caribbean Cruises Ltd. to Buy from Hold and lifted its target from USD 305.00 to USD 330.00 on October 8, 2026.
Second-quarter 2026 revenue reached USD 4.83 billion, while diluted earnings per share came to USD 4.20.
Royal Caribbean stock was trading at EUR 250.90 at Lang & Schwarz on October 8, 2026, down 0.75 percent versus the EUR 252.80 prior close.

Dokumentarische Schwarzweißaufnahme von Passagieren beim Einstieg ins Kreuzfahrtschiff — Schwarzweiß-Reportage vom Hafenanleger der Royal Caribbean Group, ISIN LR0008862868, Passagiere gehen an Bord, Illustration mit AI erstellt.

Royal Caribbean (LR0008862868) was trading at EUR 250.90 at Lang & Schwarz on October 8, 2026, while Jefferies upgraded the stock to Buy and raised its target from USD 305.00 to USD 330.00. The move gives the Sandals expansion a fresh valuation test, but higher financing costs remain part of the equation.

Three events reshape the vacation platform

On July 28, 2026, Royal Caribbean reported second-quarter revenue of USD 4.83 billion, up 6.50 percent from the prior-year period, according to Financial Report Insights. Diluted earnings per share fell to USD 4.20 from USD 4.41, while adjusted earnings per share reached USD 4.21.

On September 23, 2026, Royal Caribbean agreed to acquire a 50 percent equity interest in Sandals and Beaches Resorts for USD 3.00 billion, according to PR Newswire. The transaction is expected to close in early 2027 and is funded by committed debt financing from Morgan Stanley.

On October 8, 2026, Jefferies moved Royal Caribbean from Hold to Buy and lifted its target from USD 305.00 to USD 330.00, as TradingPedia reported. The broker raised its 2027 net-yield growth estimate to 3.30 percent from 2.90 percent.

What does the Sandals deal change?

Jefferies expects the joint venture to contribute USD 159.00 million of equity investment income in 2027, equivalent to USD 0.59 of adjusted earnings per share, according to Investing.com. That contribution gives the resort investment a measurable earnings bridge rather than leaving the strategy dependent only on future cross-selling.

The same analysis lowered Jefferies' 2027 adjusted earnings-per-share forecast to USD 20.80 from USD 21.04 because higher depreciation and interest expense offset part of the Sandals benefit. It also raised its 2027 adjusted EBITDA estimate to USD 8.70 billion from USD 8.66 billion, leaving debt service as the key counter-factor.

Dates and the trading reference

The Sandals transaction is expected to close in early 2027, subject to customary approvals and closing conditions, while the quarterly dividend payment was scheduled for October 8, 2026, according to MarketBeat.

Royal Caribbean's primary listing is on the NYSE, and the finance quote showed a market capitalization of USD 75.8 billion and a 52-week range of USD 222.22 to USD 356.39 as of October 8, 2026. At Lang & Schwarz, the stock was trading at EUR 250.90 on October 8, 2026 at 4:07 p.m. CEST, down 0.75 percent versus the prior close of EUR 252.80 on October 7, 2026. The further course of trading is shown by the continuously updated real-time quote of Royal Caribbean stock.