Feb 29, 2024
Hot Stocks 🔥

Royal Caribbean Cruises Ltd Are Listed As ‘One To Watch’ In The Travel Sector 

Name of opportunity: 👀

Royal Caribbean Cruises Limited

Sailing away: 🛥️

In the last week, the value of RCL has gone up by 8.06%. This is likely in response to financial coverage coming out in which analysts highlight this stock as a good option. The travel industry took a hit during the Covid-19 pandemic, but it’s showing signs of making a big comeback. Analysts are saying Royal Caribbean Cruises could be one of the most profitable travel industry stocks for investors - they have also suggested that the stock may have high growth potential.

How hot is this investment opportunity? 🔥🔥🔥🔥

RCL is currently recommended as a ‘Buy’ by analysts. The company’s earnings forecast is higher than expected, due to a surprise bump in bookings. Holiday makers are choosing Royal Caribbean Cruises for their summer vacation in high numbers - this could continue to push the stock price up. 

The value of RCL could increase from $122.75 to $144.47 in the next 12 months. That’s an increase of 16.51% - if you invested $1000, you might profit $165.15.

Making a splash since 1968: 🌊

The company’s first cruise ship set sail in 1970, and was quickly followed by 2 new boats in the fleet. Today, Royal Caribbean Cruises has 28 boats, which go way beyond transportation and have all kinds of attractions, entertainment and activities on board. On ships like Enchantment of the Seas® you might find a rock climbing wall, live cabaret, a casino, guest lectures, dance classes, and a spa. 

The company also owns a private island, CocoCay, exclusively for cruise ship guests - this unique offering for Royal Cruise customers has pools, beaches, a water park and plenty of food and drink spots. While many of the activities on the island are free, it’s an additional revenue stream for the company, with lots of opportunities for customers to make extra purchases. 

Which neme?: 🔍

Find Royal Caribbean Cruises Limited under ‘High Volatility Stocks’ and ‘Travel’

Han Tan

Han Tan is a seasoned financial journalist and news presenter renowned for his expertise in global markets. With a career highlighted by interviews with prominent figures and recognition from major media outlets like CNN and Reuters, he delivers insightful analysis on market news and macroeconomic trends to clients and international audiences. Han's sharp commentary on currencies, stocks, and commodities is familiar to viewers of Bloomberg TV Malaysia, BFM 89.9, and NTV7, cementing his sterling reputation in the industry.