Wells Fargo Cuts RCL Price Target to $358

Wells Fargo has maintained its Overweight rating on Royal Caribbean Cruises, setting a price target of $358, a 29.32% upside from the current price.

By EarningsIQ Research Desk · Published Oct 16, 2026, 2:04 PM EDT

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Wells Fargo cut its price target on Royal Caribbean Cruises Ltd. ($RCL) to $358 from $388 on October 12, 2026, and rates the stock "Overweight".

Since the rating, $RCL is down 1.1% to date (from the $280.67 close on Oct 12, 2026).

RCL Royal Caribbean Cruises Ltd.

$277.68 -0.35% year to date

Daily close · Oct 16, 2026

Key Points

On October 12, 2026, Wells Fargo reiterated its Overweight rating on Royal Caribbean Cruises Ltd. (RCL) with a price target of $358, down from $388.
Wells Fargo's $358 price target implies 29.32% upside from Royal Caribbean Cruises Ltd.'s ($RCL) current $276.84 share price.
As of October 16, 2026, RCL shares were recently trading around $276.84, which is about 22.7% below the analyst's target price.
The company is expected to report earnings on October 27, 2026, with analysts projecting a revenue growth of 6.5% year-over-year.

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Not investment advice. EarningsIQ is not a registered investment adviser, and this automated Royal Caribbean Cruises Ltd. alert may contain errors. Disclosures

Wells Fargo has reiterated its Overweight rating on Royal Caribbean Cruises Ltd. (NYSE: RCL) on October 12, 2026, and set a new price target of $358. This is a decrease from the previous target of $388.

Other Institutional Activity in Royal Caribbean Cruises

Capital Research Global Investors grew its stake by 6,001,347 shares, bringing its total to 34,256,274 shares worth about $9.51 billion. Meanwhile, Capital International Investors trimmed its holdings by 558,670 shares, ending with 24,493,815 shares valued at approximately $6.80 billion. Blackrock Inc. reduced its position by 1,426,828 shares, now holding 20,626,151 shares worth about $5.73 billion. Capital World Investors cut its stake by 1,392,394 shares, resulting in 18,670,920 shares valued at around $5.18 billion. Vanguard Capital Management LLC slightly decreased its holdings by 56,292 shares, with a total of 16,027,157 shares worth about $4.45 billion.

Royal Caribbean Cruises Ltd. Stock Up 0.9%

As of October 16, 2026, Royal Caribbean shares were trading around $276.84, which is above its 52-week low of $222.22, but about 22.3% below its 52-week high of $356.39. The stock is currently trading above its 50-day moving average by 0.5% but below its 200-day moving average by 3.4%. This positioning highlights the gap between the stock price and the analysts' price targets.

12-month forecast

$RCL price target

Royal Caribbean Cruises Ltd. daily closes and this analyst's $358 target. Not advice.

Recent Earnings

Royal Caribbean reported trailing twelve-month revenue of approximately $18.68 billion and earnings per share (EPS) of $16.20. The company has a net margin of 23.5% and a return on equity (ROE) of 44.7%. The next earnings report is scheduled for October 27, 2026.

Insider Buying and Selling at Royal Caribbean Cruises Ltd.

Since February 2026, Director Arne Alexander Wilhelmsen has sold a total of 1,451,668 shares, with the last transaction being on February 27, 2026. Officer Michael W Bayley sold 12,811 shares at an average price of $315.99 on July 29, 2026. These transactions took place before the recent analyst rating changes.

Analysts Set New Price Targets

On October 12, 2026, Wells Fargo maintained its Overweight rating on Royal Caribbean with a target of $358. Earlier, on September 28, 2026, Tigress Financial maintained a Buy rating with a target of $425, and Deutsche Bank upgraded its rating to Buy with a target of $299. Barclays also maintained an Overweight rating with a target of $337.

About Royal Caribbean Cruises

Royal Caribbean Cruises Ltd. operates as a global cruise company. It runs several brands, including Royal Caribbean International, Celebrity Cruises, and Silversea Cruises, offering a variety of cruise itineraries. The company operates 69 ships and is headquartered in Miami, Florida.

Bottom Line

Investors should keep an eye on the upcoming earnings report on October 27, 2026, as well as any further rating updates from analysts. With the stock trading below the mean price target of $350.63, there may be opportunities for future adjustments in analyst sentiment.