Wells Fargo Rates Royal Caribbean Cruises (RCL) buy

Wells Fargo maintains its optimistic view on Royal Caribbean, setting a $361 price target, a 8.99% upside from the current price.

By EarningsIQ Research Desk · Published Jun 22, 2026, 10:01 AM EDT · Updated Jun 25, 2026, 11:01 AM EDT

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

Wells Fargo rated Royal Caribbean Cruises Ltd. ($RCL) "buy" with a $361 price target on June 22, 2026.

Since the rating, $RCL is up 3.9% after 1 week, down 7.6% after 1 month and down 9.7% to date (from the $307.53 close on Jun 22, 2026).

RCL Royal Caribbean Cruises Ltd.

$277.68 -0.35% year to date

Daily close · Oct 16, 2026

Key Points

Wells Fargo reiterated its buy rating on Royal Caribbean Cruises Ltd. (NYSE:RCL) with a price target of $361 on June 22, 2026.
Wells Fargo's $361 price target implies 8.99% upside from Royal Caribbean Cruises Ltd.'s ($RCL) current $331.22 share price.
Shares of RCL traded near $312.51 on Monday, with a market cap of approximately $83.8 billion and a P/E ratio of 19.08.
Other analysts like Citigroup and UBS also maintain buy ratings, with targets of $362 and $309 respectively.

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Wells Fargo has reiterated its buy rating on Royal Caribbean Cruises Ltd. (NYSE:RCL), setting a price target of $361. The announcement came on June 22, 2026, as analyst Trey Bowers expressed continued confidence in the cruise line's prospects.

Analyst rating track record

Wells Fargo vs. the S&P 500

YTD return -12.77% hypothetical

All-time return +9.83% S&P 500 +35.61%

vs. S&P 500 -25.78% behind the index

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

Royal Caribbean Cruises Ltd. Stock Up 20.7%

Shares of Royal Caribbean traded near $312.51 on Monday. The company, with a market cap of about $83.8 billion, has a P/E ratio of 19.08 and a forward P/E of 15.61. Its beta is 1.784, indicating higher volatility compared to the market. The stock's 52-week range is between $232.1 and $366.5, with a 50-day moving average of $274.73 and a 200-day moving average of $290.34. The company has a current ratio of 0.199, a quick ratio of 0.09, and a debt-to-equity ratio of 217.312.

12-month forecast

$RCL price target

Royal Caribbean Cruises Ltd. daily closes and this analyst's $361 target. Not advice.

Recent Earnings

In the recent quarter, Royal Caribbean reported revenue of $18.39 billion, reflecting a growth rate of 11.3%. The company's net margin stands at 24.36%, with a return on equity of 49.58%. Earnings per share (EPS) were $16.38. The next earnings report is expected on July 28, 2026.

Dividend

Royal Caribbean pays an annual dividend of $5.00 per share, yielding 1.6% with a payout ratio of 25.93%. The ex-dividend date was not specified.

Insider Buying and Selling at Royal Caribbean Cruises Ltd.

Several insider transactions occurred recently. On June 1, 2026, Laura Bethge, President of Celebrity Cruises, sold 267 shares at an average price of $284.23. On May 28, 2026, Vagn Sorensen and Richard Fain each purchased 831 shares, though the transaction price wasn't disclosed. On the same day, Maritza Gomez Montiel, Amy McPherson, and Rebecca Yeung sold shares at $276.62 each.

Analysts Set New Price Targets

On June 22, 2026, Wells Fargo maintained its buy rating on Royal Caribbean, setting a $361 price target. Previously, Citigroup also maintained a buy rating with a $362 target on June 16, 2026. Freedom Broker initiated coverage with a buy rating and a $320 target on June 3, 2026. Loop Capital began coverage with a hold rating and a $304 target on June 1, 2026. The consensus among 26 analysts is a buy, with an average target price of $336.85.

About Royal Caribbean Cruises Ltd.

Royal Caribbean Cruises Ltd. operates as a cruise company worldwide, offering trips under brands like Royal Caribbean International, Celebrity Cruises, and Silversea Cruises. As of the end of 2025, the company operated 69 ships. Founded in 1968, Royal Caribbean is headquartered in Miami, Florida, and led by CEO Mr. Jason T. Liberty. It employs around 107,950 people.

Bottom Line

Wells Fargo's continued buy rating on Royal Caribbean reflects optimism about the company's growth prospects. Investors keep a close eye on such analyst ratings as they can influence stock performance. It's important to remember that these ratings and targets are based on past data and market conditions and may not reflect the current position.