Royal Caribbean's stock dips but Truist raises price target to $327 by 2026 amid strong bookings and growth.

Royal Caribbean Group's stock has fallen 12.67% in the past month but remains up nearly 23% over the last year. Truist analyst C. Patrick Scholes raised the price target from $318 to $327, citing strong booking momentum with two-thirds of 2026 capacity already booked at record rates. The company plans capacity growth and destination expansion through 2029, supported by its Perfecta Program targeting 20% EPS growth through 2027. Achieving $327 per share depends on maintaining high net yield growth, continued booking strength, and managing $3.2 billion debt due this year, while geopolitical risks and consumer sentiment remain key challenges.