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Investors should take advantage of cruise stock dips.
Over the last few days, Royal Caribbean (RCL), Carnival (CCL) and Norwegian Cruise (NCLH) pulled back to strong support. And we expect for all three to bounce back strong on demand that shows no clear signs of slowing.
In fact, according to AAA, about 19 million Americans will cruise this year – a 4.5% jump year over year. “The cruise industry, which was impacted more severely than other travel segments by the 2020 pandemic, has experienced a remarkable rebound. In 2022, cruise volume rebounded to 84% of 2019’s level, then surged to a new high in 2023, nearly 20% above the pre-pandemic baseline. That number has continued to climb since, with 2025 projected to surpass 2019 by 34%,” they added.
That being said, take full advantage of recent dips.
Royal Caribbean (SYM: RCL)
Now trading at $263.09, Royal Caribbean (RCL) just raised its dividend by 36.4% to 75 cents, which is payable on April 4 to shareholders of record as of March 7.
The company also said, “”2025 is shaping up to be another great year, with expected adjusted earnings growth of 23%, as our commercial and vacation experiences flywheel continues to accelerate the growing preference for our leading brands, the most innovative ships, and world-class private destinations,” CEO Jason Liberty said.
For the first quarter, the company expects to earn between $2.43 and $2.53 per share on an adjusted basis ($2.48 midpoint), which is ahead of the estimate of $2.36.
Carnival (SYM: CCL)
Now at $26.23, Carnival (CCL) expects to see record bookings in the months ahead, too. Helping, Morgan Stanley just raised its price target on CCL to $25, noting that capacity will double over the next few years.
Norwegian Cruise (SYM: NCLH)
Now at $26.38, Norwegian Cruise (NCLH) is also a bargain. Helping, Goldman Sachs recently upgraded NCLH to a buy rating with a $35 price target. The firm noted that, “multi-year pricing tailwinds generated by a number of factors, including: cruise demand outpacing the relatively benign supply setup in the industry; the “halo effect” from new ship launches; less discounting need to fill ships; and future land investments.”
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