Royal Caribbean Stock Forecast

Early Bird Prime for July 28, 2024

With the travel industry making a comeback in the post-pandemic world, Royal Caribbean Cruises (NYSE: RCL) is having a great year. The stock is up 27.82% in 2024 and recently hit an all-time high. 

But before you buy this stock, let’s dive deeper into the choppy waters of Royal Caribbean’s financials.

This past week, Royal Caribbean reported good financial results. Earnings per share reached $3.21, and revenue hit $4.1 billion, both better than expected. 

During those financial results, the company also raised its financial outlook and brought back its dividend. Investors should be popping champagne, right? Well, not so fast.

Despite all this good news, the stock fell after earnings. It is down 8.27% during the last 5 days. Investors are scratching their heads, wondering if they should abandon the ship or stay the course.

The main concern? Investors are worried about future revenue growth slowing, particularly in the face of new fears that consumer spending will decrease.

So, what should investors do? Is this a time to sell the stock after reaching a recent high? Should you buy the stock now that it’s dipped in recent days? Well, here’s the answer…

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