Here’s What Mizuho Thinks About Royal Caribbean Cruises (RCL)

Talha Qureshi

Mon, May 18, 2026 at 4:02 PM EDT 2 min read

​Royal Caribbean Cruises Ltd. (NYSE:RCL) ranks among our Best Value Stocks to Buy for Long Term Investment. On May 1, Mizuho raised the firm’s price target on Royal Caribbean Cruises Ltd. (NYSE:RCL) from $377 to $380, and maintained an Outperform rating on the stock.

​The rating follows Royal Caribbean’s Q1 2026 earnings release announced on April 30. During the quarter, the company posted $4.5 billion in revenue, up 11% year-over-year, and a GAAP EPS of $3.48, which topped management’s guidance. Management noted that the strong results were driven by favorable revenue, lower costs, and strong performance from joint ventures. The quarter also represented a record WAVE season and continued strong demand across brands. Moreover, gross margin yields increased 6.9% as-reported.

​Looking ahead, the company expects revenue to grow roughly 10% year-over-year, while net yields are expected to increase by 2.3% to 3.3% in constant currency. The slower expected growth rate of net yields is due to recent geopolitical developments affecting Mediterranean and West Coast of Mexico itineraries.

​Royal Caribbean Cruises Ltd. (NYSE:RCL) is a global cruise company that operates under the Royal Caribbean International, Celebrity Cruises, and Silversea Cruises brands, among others, and offers a wide range of itineraries.

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