TD Cowen Raises RCL Price Target to $340
Key Points
- TD Cowen maintained its Buy rating on Royal Caribbean Cruises Ltd. on October 20, 2026, and raised its price target from $337.00 to $340.00.
- TD Cowen's $340 price target implies 18.02% upside from Royal Caribbean Cruises Ltd.'s ($RCL) current $288.09 share price.
- Royal Caribbean shares recently traded around $295.81, sitting below the analyst consensus mean target of about $350.63 ahead of its October 27 earnings report.
- The cruise operator posted trailing-twelve-month revenue of $18.68 billion with a net profit margin of 23.5% and a dividend yield of 2.16%.
Get Royal Caribbean Cruises Ltd. text alerts
We text you when insiders, Congress, analysts or big funds move on $RCL.
By entering your mobile number and tapping the sign-up button, you provide express written consent to receive recurring automated text messages from TradeTexts at that number, including stock alerts about SEC filings, insider and congress trades, analyst ratings, hedge fund moves, and earnings results. Consent is not a condition of any purchase. Message frequency varies. Messages are not investment advice. Message and data rates may apply. Reply HELP for help and STOP to opt out at any time. See our Terms and Privacy Policy.
Not investment advice. TradeTexts is not a registered investment adviser, and this automated Royal Caribbean Cruises Ltd. alert may contain errors. Disclosures
TD Cowen reiterated its Buy rating on Royal Caribbean Cruises Ltd. [NYSE: RCL] and raised its price target from $337.00 to $340.00 on October 20, 2026. The research note provides an updated look at the cruise operator's valuation as shares trade below consensus analyst expectations.
RCL
Royal Caribbean Cruises Ltd.
TD Cowen vs. the S&P 500
Hypothetical returns from TD Cowen's disclosed trades, not real profit or advice. How we model this.
TD Cowen's Call on Royal Caribbean Cruises Ltd.
In its research note published on October 20, 2026, TD Cowen maintained its Buy rating on Royal Caribbean Cruises Ltd. while nudging its target up to $340.00 from the prior target of $337.00.
Other Institutional Activity in Royal Caribbean Cruises Ltd.
Large funds continue to adjust their positions in the cruise operator. Capital International Investors reduced its holdings by 558,670 shares in the quarter ended June 30, 2026, ending with 24,493,815 shares worth about $7,166,645,241.0. Meanwhile, Osiris Holdings Inc. grew its holdings by 5,854,350 shares, a 100.0% increase, ending with 11,708,700 shares worth about $3,425,848,490.0.
Royal Caribbean Cruises Ltd. Stock Up 3.7%
Royal Caribbean shares recently traded around $295.81 as of October 20, 2026, up about 1.1% from the day's close of $292.59. The stock is trading above its 50-day moving average of $273.75 and its 200-day moving average of $286.52. It sits below its 52-week high of $356.39 and above its 52-week low of $222.22.
$RCL price target
Royal Caribbean Cruises Ltd. daily closes and this analyst's $340 target. Not advice.
Recent Earnings
The company reported trailing-twelve-month revenue of $18,681,993,600.0 and earnings of $16.45 per share. It generated a net profit margin of 23.5% and a return on equity of 44.7%. The company's next earnings report is scheduled for October 27, 2026.
Dividend
Royal Caribbean pays an annual dividend rate of $6.00 per share, giving it a dividend yield of 2.16% based on a dividend payout ratio of 30.9%.
Insider Buying and Selling at Royal Caribbean Cruises Ltd.
Company insiders executed several transactions prior to the rating update. Director Arne Alexander Wilhelmsen sold 206,442 shares worth $65,426,312.0 on February 19, 2026, followed by the sale of 473,548 shares worth $149,441,189.0 on February 24, 2026, and 771,607 shares worth $243,570,580.0 on February 27, 2026. Later, officer Michael W. Bayley sold 12,811 shares at an average price of $315.99 for a total value of $4,048,148.0 on July 29, 2026.
Analysts Set New Price Targets
Wall Street firms have actively adjusted their views on the stock. Barclays maintained an Overweight rating with a target of $337.00 down from $340.00 on October 7, 2026. Jefferies upgraded the stock to a Buy and raised its target from $305.00 to $330.00 on October 8, 2026. Wells Fargo maintained an Overweight rating while lowering its target from $388.00 to $358.00 on October 12, 2026. On October 20, 2026, alongside TD Cowen's move, Susquehanna maintained a Positive rating and trimmed its target from $372.00 to $355.00. Overall, the stock carries a consensus buy recommendation from 27 analysts with a mean price target of $350.63.
About Royal Caribbean Cruises Ltd.
Headquartered in Miami, Florida, Royal Caribbean Cruises Ltd. operates cruise lines worldwide under brands such as Royal Caribbean International, Celebrity Cruises, and Silversea Cruises. The company operates a fleet of ships serving international itineraries.
Bottom Line
TD Cowen's higher target highlights continued optimism for the cruise operator as shares trade below analyst consensus levels. Investors will look toward the upcoming earnings release on October 27, 2026, for further insight into bookings and financial performance.
Related Filing Alerts
Source: TD Cowen's rating change on $RCL (Oct 20, 2026). Written by software, not financial advice. How we make alerts