Royal Caribbean Stock Is in for Smooth Sailing. Cruise Demand Runs Deep.

Few industries have undergone as significant a sea change as the cruising industry: Long gone are the dark days of the pandemic, replaced by record numbers of people vacationing on the waves. “Royal Caribbean is our top pick across the leisure and travel sector as the company has the best assets, the best management team, and the best balance sheet to capitalize on the moment that the cruise industry is having,” writes Citi’s James Hardiman in a note Thursday. Hardiman has a Buy rating and $165 price target on Royal Caribbean stock.