Susquehanna Cuts RCL Price Target to $355

On October 20, 2026, Susquehanna maintained its Positive rating on Royal Caribbean Cruises Ltd. [NYSE: RCL] while shifting its price target to $355 from $372. According to the firm's research note, the updated target reflects the firm's forward-looking assessment of the cruise line operator, which recently closed at $281.97 on October 19, 2026.

RCL Royal Caribbean Cruises Ltd.

$281.97 ▲ +1.19% year to date

1M 3M YTD

Daily close · Oct 19, 2026

Susquehanna's Call on Royal Caribbean Cruises

Susquehanna kept its Positive view intact on October 20, 2026, while lowering its price target from $372 to $355. The firm's outlook joins a broader wave of evaluation from Wall Street analysts tracking the Miami-based cruise operator as it approaches its next financial update.

Other Institutional Activity in Royal Caribbean Cruises

Large investment firms have recently fine-tuned their stakes in the cruise line. Capital International Investors grew its holdings by 558,670 shares, ending with 24,493,815 shares worth about $6,906,521,045. Osiris Holdings Inc. doubled its position, adding 5,854,350 shares for a total of 11,708,700 shares valued at approximately $3,301,502,153.

Royal Caribbean Cruises Ltd. Stock Up 1.5%

Royal Caribbean shares recently traded around $281.94 as of October 20, 2026, sitting roughly 1.6% below its 200-day moving average of $286.52. The stock has traded between a 52-week low of $222.22 and a 52-week high of $356.39.

Recent Earnings

Royal Caribbean posted trailing twelve month revenue of $18.68 billion alongside earnings of $16.45 per share. The company is scheduled to report its next earnings results on October 27, 2026.

Dividend

Investors receive an annual dividend rate of $6.00 per share, giving the stock a dividend yield of 2.16% based on recent trading levels.

Insider Buying and Selling at Royal Caribbean Cruises Ltd.

Company insiders executed several stock sales earlier in the year. Director Arne Alexander Wilhelmsen sold multiple blocks of shares in February 2026, including a 206,442-share transaction valued at $65,426,312 on February 19, a 473,548-share transaction worth $149,441,189 on February 24, and a 771,607-share sale totaling $243,570,580 on February 27. Later, on July 29, 2026, officer Michael W Bayley sold 12,811 shares at an average price of $315.99 for a total value of $4,048,148.

Analysts Set New Price Targets

Wall Street firms have active views on the stock heading into earnings. Tigress Financial maintains a Buy rating with a $425 target set on September 28, 2026. Barclays maintains an Overweight rating, adjusting its target to $337 from $340 on October 7, 2026. Jefferies upgraded the stock to Buy on October 8, 2026, moving its target to $330 from $305. Wells Fargo maintains an Overweight rating, lowering its target from $388 to $358 on October 12, 2026. Overall, the stock carries a consensus buy recommendation from 27 analysts, with a mean price target of $350.63.

About Royal Caribbean Cruises

Headquartered in Miami, Florida, Royal Caribbean operates vacation cruise ships worldwide. The business runs voyages under the Royal Caribbean International, Celebrity Cruises, and Silversea Cruises brands, operating a combined fleet of 69 ships as of late 2025.

Bottom Line

Susquehanna's updated target comes just days before Royal Caribbean's upcoming earnings release on October 27, 2026. Investors will look to the upcoming financial report for fresh guidance on consumer demand and ticket pricing.