Citigroup Reiterates Buy Rating on Royal Caribbean Cruises
Citigroup maintains its buy rating on Royal Caribbean Cruises with a $362 price target, a 15.54% upside from the current price.
Key Points
- Citigroup reiterated its buy rating for Royal Caribbean Cruises, setting a price target of $362, as of June 16, 2026.
- Citigroup's $362 price target implies 15.54% upside from Royal Caribbean Cruises Ltd.'s ($RCL) current $313.32 share price.
- Royal Caribbean's stock traded near $316, with a market cap of $84.1 billion and a P/E ratio of 19.1.
- Insiders sold shares in late May and early June, while analysts like Freedom Broker and Loop Capital initiated ratings.
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On June 16, 2026, Citigroup reiterated its buy rating on Royal Caribbean Cruises Ltd. (NYSE: RCL), setting a price target of $362. This comes as the cruise operator's stock is trading around $315.96, giving it a market cap of approximately $84.1 billion.
Other Institutional Activity in Royal Caribbean Cruises
Several major funds have adjusted their positions in Royal Caribbean Cruises. Capital Research Global Investors increased its holdings by 8,079,157 shares, bringing its total to 28,255,701 shares valued at about $7.77 billion. In contrast, Capital International Investors reduced its stake by 11,113,961 shares, ending with 25,051,397 shares worth $6.89 billion. BlackRock, Inc. trimmed its position slightly by 497,093 shares, leaving it with 22,052,389 shares valued at $6.07 billion. Meanwhile, Capital World Investors added 3,500,684 shares, resulting in a total of 20,062,271 shares worth roughly $5.52 billion.
Royal Caribbean Cruises Ltd. Stock Up 12.1%
Shares of Royal Caribbean Cruises (NYSE: RCL) are trading near $315.96. The company boasts a market cap of $84.1 billion, with a P/E ratio of 19.1 and a forward P/E of 15.7. The stock has a beta of 1.78, indicating higher volatility compared to the market. Its 52-week range spans from $232.10 to $366.50, with a 50-day moving average of $272.65 and a 200-day moving average of $291.12.
$RCL price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Royal Caribbean reported revenue of $18.39 billion, reflecting a growth rate of 11.3%. The company's net margin stands at 24.4%, with a return on equity of 49.6%. Earnings per share (EPS) are $16.40. The next earnings report is expected on July 28, 2026.
Dividend
The company offers an annual dividend rate of $5.00, yielding 1.59%. The dividend payout ratio is 25.9%, indicating a balanced approach to returning capital to shareholders.
Insider Buying and Selling at Royal Caribbean Cruises Ltd.
Several insiders have been active in trading Royal Caribbean's stock. On June 1, 2026, Laura Bethge, President of Celebrity Cruises, sold 267 shares at an average price of $284.23. On May 28, 2026, Vagn Sorensen and Richard Fain each purchased 831 shares, while Maritza Gomez Montiel, Amy McPherson, and Rebecca Yeung sold smaller amounts of shares.
Analysts Set New Price Targets
On June 16, 2026, Citigroup maintained its buy rating for Royal Caribbean with a $362 price target. Earlier, on June 3, Freedom Broker initiated coverage with a buy rating and a $320 target. Loop Capital started with a hold rating and a $304 target on June 1. Morgan Stanley maintained a hold rating with a $280 target on May 26.
About Royal Caribbean Cruises
Royal Caribbean Cruises Ltd. operates as a global cruise company, offering itineraries under its Royal Caribbean International, Celebrity Cruises, and Silversea Cruises brands. Headquartered in Miami, Florida, and led by CEO Jason T. Liberty, the company runs 69 ships worldwide as of December 31, 2025. Founded in 1968, it employs approximately 107,950 people.
Bottom Line
Citigroup's reiterated buy rating underscores continued confidence in Royal Caribbean Cruises' potential growth. The stock's market performance reflects its strong fundamentals, including solid revenue growth and a healthy net margin. Investors and analysts alike are keeping a close watch on the company as it navigates the competitive travel services industry.
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