{"id":77847,"date":"2024-03-13T04:29:44","date_gmt":"2024-03-13T09:29:44","guid":{"rendered":"https:\/\/equitynewsreport.com\/goldman-sachs-initiates-royal-caribbean-stock-with-buy-162-target\/"},"modified":"2024-03-13T04:29:44","modified_gmt":"2024-03-13T09:29:44","slug":"goldman-sachs-initiates-royal-caribbean-stock-with-buy-162-target","status":"publish","type":"post","link":"https:\/\/equitynewsreport.com\/h\/goldman-sachs-initiates-royal-caribbean-stock-with-buy-162-target\/","title":{"rendered":"Goldman Sachs initiates Royal Caribbean stock with Buy, $162 target"},"content":{"rendered":"<div readability=\"65\">\n<div id=\"imgCarousel\" class=\"imgCarousel\">\n<img decoding=\"async\" alt=\"Goldman Sachs initiates Royal Caribbean stock with Buy, $162 target\" id=\"carouselImage\" src=\"https:\/\/i-invdn-com.investing.com\/news\/LYNXNPEC9N0U2_L.jpg\"><br \/>\n<span class=\"text\">\u00a9 Reuters. <\/span><br \/>\n<i class=\"imgGrad\"><\/i>\n<\/div>\n<p>On Wednesday, Goldman Sachs began coverage on shares of <span itemscope=\"\" itemtype=\"http:\/\/schema.org\/Corporation\"><span itemprop=\"name\"> Royal Caribbean <\/span><\/span> Cruises (NYSE:), assigning a Buy rating and setting a price target of $162. The firm highlighted the cruise operator&#8217;s superior execution and potential for pricing advantages.<\/p>\n<p>Royal Caribbean is currently focused on enhancing its fleet, with plans to introduce several new &#8220;megaships.&#8221; These ships are expected to contribute approximately double the earnings before interest, taxes, depreciation, and amortization (EBITDA) compared to older vessels, thus improving the company&#8217;s return on capital.<\/p>\n<p>The introduction of the Icon (NASDAQ:) of the Seas is anticipated to increase net yields by roughly 2% in 2024, according to Goldman Sachs&#8217; estimates. Additionally, the expansion of CocoCay, the cruise line&#8217;s private island destination, is projected to further boost net yields by 1%.<\/p>\n<p>Goldman Sachs suggests that these strategic moves will position Royal Caribbean to reach investment-grade (IG) financial metrics by the end of 2024. This progress, in turn, is expected to enhance the company&#8217;s narrative around capital returns, potentially serving as a catalyst for the stock in 2025.<\/p>\n<p><em>This article was generated with the support of AI and reviewed by an editor. For more information see our T&#038;C.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u00a9 Reuters. On Wednesday, Goldman Sachs began coverage on shares of Royal Caribbean Cruises (NYSE:), assigning a Buy rating and setting a price target of $162. The firm highlighted the cruise operator&#8217;s superior execution and potential for pricing advantages. Royal Caribbean is currently focused on enhancing its fleet, with plans to introduce several new &#8220;megaships.&#8221; These ships are expected to contribute approximately double the earnings before interest, taxes, depreciation, and amortization (EBITDA) compared to older vessels, thus improving the company&#8217;s return on capital. The introduction of the Icon (NASDAQ:) of the Seas is anticipated to increase net yields by roughly [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":77848,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49,50,48,3],"tags":[],"_links":{"self":[{"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/posts\/77847"}],"collection":[{"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/comments?post=77847"}],"version-history":[{"count":0,"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/posts\/77847\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/media\/77848"}],"wp:attachment":[{"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/media?parent=77847"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/categories?post=77847"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/tags?post=77847"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}