TD Cowen Rates Norwegian Cruise Line (NCLH) buy, $24 Price Target

TD Cowen maintains its buy rating on Norwegian Cruise Line with a $24 price target, a 14.39% upside from the current price.

By EarningsIQ Research Desk · Published Jun 23, 2026, 12:01 PM EDT · Updated Jun 26, 2026, 10:02 AM EDT

Reviewed by automated data checks against the source data. How we make and check alerts

TD Cowen rated Norwegian Cruise Line Holdings Ltd. ($NCLH) "buy" with a $24 price target on June 23, 2026.

Since the rating, $NCLH is up 3.5% after 1 week, down 8.2% after 1 month and down 26.2% to date (from the $20.39 close on Jun 23, 2026).

NCLH Norwegian Cruise Line Holdings Ltd.

$15.05 -33.93% year to date

Daily close · Oct 16, 2026

Key Points

TD Cowen reiterated its buy rating on Norwegian Cruise Line Holdings Ltd. (NCLH) with a target price of $24 as of June 23, 2026.
TD Cowen's $24 price target implies 14.39% upside from Norwegian Cruise Line Holdings Ltd.'s ($NCLH) current $20.98 share price.
Shares of NCLH traded at $20.04 on Tuesday, with a market cap of about $9.2 billion and a P/E ratio of 16.16.
Recent insider buying includes CEO John Chidsey acquiring 153,000 shares at $16.37 on May 22, 2026.

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Not investment advice. EarningsIQ is not a registered investment adviser, and this automated Norwegian Cruise Line Holdings Ltd. alert may contain errors. Disclosures

TD Cowen reiterated its buy rating on Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) with a price target of $24. This update came on June 23, 2026, as analyst Kevin Kopelman maintained confidence in the cruise operator's prospects. Shares traded at $20.04 on Tuesday.

Analyst rating track record

TD Cowen vs. the S&P 500

YTD return -35.67% hypothetical

All-time return +2.64% S&P 500 +41.41%

vs. S&P 500 -38.77% behind the index

Hypothetical returns from TD Cowen's disclosed trades, not real profit or advice. How we model this.

Norwegian Cruise Line Holdings Ltd. Stock Up 48.6%

Shares of NYSE:NCLH traded near $20.04 on Tuesday. Norwegian Cruise Line Holdings Ltd. has a market capitalization of approximately $9.2 billion and a P/E ratio of 16.16. The stock has experienced a 52-week low of $14.53 and a high of $27.18. The company's 50-day moving average is $18.27, while the 200-day moving average is $21.01. With a beta of 1.908, the stock shows higher volatility compared to the market. The current ratio stands at 0.21, and the debt-to-equity ratio is notably high at 661.44.

12-month forecast

$NCLH price target

Norwegian Cruise Line Holdings Ltd. daily closes and this analyst's $24 target. Not advice.

Recent Earnings

Norwegian Cruise Line Holdings reported revenue of $10.03 billion, showing a growth of 9.6%. The company achieved an earnings per share (EPS) of $1.24. It posted a net margin of 5.66% and a return on equity (ROE) of 29.53%. The next earnings report is scheduled for July 30, 2026.

Insider Buying and Selling at Norwegian Cruise Line Holdings Ltd.

Recent insider activity at Norwegian Cruise Line Holdings has been marked by several purchases. On June 2, 2026, Stephen Pagliuca bought 685,000 shares at $18.06 each. Earlier, on June 1, he acquired 695,000 shares at $18.16. CEO John Chidsey also increased his stake by purchasing 153,000 shares at $16.37 on May 22, 2026. Jonathan Cohen and Jose Cil made smaller buys in May, acquiring shares at prices ranging from $14.91 to $15.83.

Analysts Set New Price Targets

On June 23, 2026, TD Cowen maintained its buy rating on Norwegian Cruise Line with a $24 price target. Previously, on June 16, Citigroup also maintained a buy rating with a $25 target. Other firms like Freedom Broker and Loop Capital initiated coverage with buy ratings, setting targets at $24 and $22, respectively. The consensus among analysts is a buy, with an average target price of $21.25, based on 24 opinions.

About Norwegian Cruise Line Holdings Ltd.

Norwegian Cruise Line Holdings Ltd., headquartered in Miami, Florida, operates as a cruise company offering travel services worldwide. It provides a variety of itineraries to destinations around the globe, including Europe, Asia, and the Caribbean. The company operates under three brands: Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. Under the leadership of CEO John W. Chidsey III, Norwegian Cruise Line Holdings employs approximately 44,500 people.

Bottom Line

TD Cowen's reiteration of a buy rating with a $24 target reflects ongoing confidence in Norwegian Cruise Line's market position. Investors often track such analyst updates for insights into potential stock movements. As always, remember that these reports are based on past data and projections that may not reflect current market conditions.