On October 2, Royal Caribbean Cruises rose 3.13% in regular trading, trading at $277.68/share, with turnover of $145 million, extending a multi-day rebound.

On the news front, BofA Securities recently upgraded Royal Caribbean from Neutral to Buy with a $330 price target, while Deutsche Bank simultaneously raised its rating to Buy with a $299 target. BofA analyst Andrew Didora noted that the stock had fallen approximately 26% since August 5, arguing that current levels reflect an excessive pullback and present an attractive entry point. BofA also highlighted the company's $3 billion investment for a 50% stake in Sandals Resorts, which is expected to add 3%-4% to EBITDA initially and could grow EBITDA in the low- to mid-teens through 2030.

In addition, peer Carnival posted better-than-expected Q3 revenue, driving broad-based strength across the cruise sector. Within the Hotels, Resorts & Cruise Lines sector, Carnival rose 2.37%, Norwegian Cruise Line gained 1.30%, and Airbnb added 2.29%, reflecting continued sector-wide momentum.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)