TD Cowen raises target for Royal Caribbean stock to USD 340

Published on 10/21/2026 at 11:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

TD Cowen keeps its Buy rating ahead of results. Royal Caribbean stock costs EUR 256.25 on October 21, 2026 before October 27 results.

Three dated markers for Royal Caribbean

TD Cowen lifted its target to USD 340 from USD 337 on October 20, 2026.
Second-quarter 2026 revenue reached USD 4.83 billion, up 6.5 percent year over year.
Royal Caribbean stock trades at EUR 256.25 at 11:19 a.m. CEST at Lang & Schwarz on October 21, 2026.

Isometrische Illustration der Kreuzfahrt-Wertschöpfungskette von Werft bis Inselhafen — Isometrische 3D-Grafik zeigt Wertschöpfungskette der Royal Caribbean Group, ISIN LR0008862868, Werft bis Hafenankunft, Illustration mit AI erstellt.

Royal Caribbean Cruises (LR0008862868) stock is the subject of a TD Cowen target increase to USD 340 from USD 337 on October 20, 2026, while the firm kept a Buy rating, as MarketScreener reported. The stock was trading at EUR 256.25 at Lang & Schwarz on October 21, 2026 at 11:19 a.m. CEST.

Target rises before results

The increase came ahead of Royal Caribbean's third-quarter report. The same MarketScreener page lists the earnings release for October 27, 2026. Its analyst consensus shows 29 analysts and an average target of USD 350.11.

Three dates show the setup

On July 28, 2026, Royal Caribbean reported second-quarter revenue of USD 4.83 billion and earnings per share of USD 4.21, compared with consensus earnings per share of USD 3.98, according to MarketBeat. Revenue was up 6.5 percent from the prior-year quarter.

On October 8, 2026, Jefferies upgraded the stock from Hold to Buy and raised its target from USD 305.00 to USD 330.00, according to MarketBeat. On October 20, 2026, TD Cowen raised its target from USD 337.00 to USD 340.00, the current event in this sequence.

What comes next for earnings?

The October 27 report will test whether Royal Caribbean can sustain the earnings profile behind the recent targets. MarketBeat lists third-quarter guidance of USD 6.26 to USD 6.36 for earnings per share, while the average full-year 2026 estimate is USD 17.79.

The company operates Royal Caribbean International, Celebrity Cruises and Silversea. Its website describes a portfolio spanning contemporary, family, premium and luxury travel, while the Sandals partnership adds an all-inclusive resort business to the group.

Price marks the current reference

Royal Caribbean stock was trading at EUR 256.25 at Lang & Schwarz on October 21, 2026 at 11:19 a.m. CEST. The company's market capitalization was USD 77.0 billion, and its primary-market 52-week range was USD 222.22 to USD 356.39 as of October 21, 2026.

The further course of trading is shown by the continuously updated real-time quote of Royal Caribbean stock.