Citi raised its price target on Norwegian Cruise Line Holdings to $25 from $21 and reiterated a Buy rating on June 16, citing lower fuel prices after the Iran peace deal that can help cruise operators reduce costs and improve profits. For the full year 2026, Norwegian Cruise Line lowered its forecasts, expecting net yields to fall by 3% to 5% and adjusted EPS in the range of $1.45 to $1.79, while second-quarter net yield is estimated to decline by 3.6% due to escalating Middle East conflict driving higher fuel prices and pressuring travel demand. The company is investing in its Great Stirrup Cay destination with a new water park expected to open in late summer 2026 to drive future demand.
Norwegian Cruise Line Holdings LtdCiti raised price target and reiterated Buy rating, citing lower fuel costs from Iran peace deal.