Jefferies upgrades Royal Caribbean stock to Buy and raises target

Published on 10/12/2026 at 11:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue rose 6.50 percent to USD 4.83 billion in 2026. Royal Caribbean stock stood at EUR 251.40 on October 12, 2026.

Key points in brief

Jefferies upgraded Royal Caribbean to Buy and raised its price target from USD 305.00 to USD 330.00 on October 8, 2026.
The company agreed on September 23, 2026, to invest USD 3.0 billion for a 50 percent stake in Sandals and Beaches Resorts.
Second-quarter 2026 revenue reached USD 4.83 billion, while adjusted earnings per share came to USD 4.21.
Royal Caribbean stock was at EUR 251.40 at Lang & Schwarz on October 12, 2026, at 11:53 a.m. CEST.
Third-quarter results are scheduled for October 27, 2026.

Trading-Floor mit großen Bildschirmen, Aktiencharts und Silhouette eines Kreuzfahrtschiffs — Börsen-Editorial zeigt Trading-Floor mit Charts der Royal Caribbean Group, ISIN LR0008862868, Händler im Gespräch, Illustration mit AI erstellt.

Jefferies upgraded Royal Caribbean stock from Hold to Buy and raised its price target from USD 305.00 to USD 330.00 on October 8, 2026, according to Investing.com. The decision followed higher estimates for occupancy and revenue per passenger, while the new target remained below the USD 356.39 52-week high cited for the primary listing.

Three events changed the setup

On July 28, 2026, Royal Caribbean reported second-quarter revenue of USD 4.83 billion and adjusted earnings per share of USD 4.21, according to MarketBeat. On September 23, 2026, the group announced a USD 3.0 billion investment for a 50 percent equity interest in Sandals and Beaches Resorts, according to PR Newswire. On October 8, 2026, Jefferies raised its target to USD 330.00 from USD 305.00 and changed its rating to Buy.

What does the partnership add?

The Sandals transaction expands Royal Caribbean beyond cruises into all-inclusive resorts while preserving its existing cruise operations. PR Newswire said the deal represents a forward EBITDA multiple of 10.00 times and is expected to close in early 2027, subject to approvals.

Results dates set the next test

Royal Caribbean expects third-quarter results on October 27, 2026, with a conference call scheduled for October 25, 2026, according to Eulerpool. Jefferies lifted its third-quarter 2026 revenue estimate to USD 5.58 billion from USD 5.56 billion, but lowered its adjusted earnings-per-share estimates for fiscal 2026 and 2027 to USD 17.95 and USD 20.80.

Royal Caribbean stock at EUR 251.40

Royal Caribbean stock was trading at EUR 251.40 at Lang & Schwarz on October 12, 2026, at 11:53 a.m. CEST. The primary listing is on the New York Stock Exchange, where the quote currency is USD; the finance snapshot showed market capitalization of USD 75.7 billion and a 52-week range of USD 222.22 to USD 356.39.

The further course of trading is shown by the continuously updated real-time quote of Royal Caribbean stock.