Royal Caribbean shares rise on strong Q3 results and analyst price target hike
RCL Royal Caribbean Group
$339.85 +0.85%
View chart & analysis → - 1Royal Caribbean reported $5.6 billion in revenue and $1.8 billion in adjusted net income, a 12% increase, in its Q3 results announced October 27.
- 2Jefferies upgraded Royal Caribbean to buy and raised its price target to $330 per share.
- 3Royal Caribbean recorded a monthly return of nearly 16% last month.
So what's the key point?
Royal Caribbean earned a lot of money in the third quarter. Experts believe the stock will rise further and have raised the target price to $330.
Source The Motley Fool +1 · View original ↗
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