BofA raises Royal Caribbean price target to $365 on strong bookings and 2027 earnings outlook

BofA Securities raised its price target for Royal Caribbean Group to $365, citing strong booking volumes and the company’s goal of adjusted earnings per share around $20 by 2027. The cruise operator expects 4.5% capacity growth next year and has reported record bookings for 2026 and 2027 sailings. Despite potential challenges from fuel costs and yield headwinds in early 2027, Royal Caribbean’s recent strong third-quarter results and positive analyst upgrades support optimism for future earnings growth.

Royal Caribbean Group holds a market cap of $89.65 billion and offers a dividend yield of 1.79% as of Nov 12, 2026, 20:51 WIB. Despite the article's optimism on earnings growth and raised price targets, the stock price on Pluang is $331.07 with a 1-day decline of 1.23%. Trading volume reached 2,198,943 shares, with all recent Pluang order activity leaning towards selling.