Norwegian Cruise Line shares surged 7.7% in afternoon trading after Morgan Stanley raised its price target on the stock to $22 from $20, citing growing confidence in the company's earnings power and valuation as the cruise industry recovery continues. The bank maintained an Equal Weight rating. Positive sentiment was also supported by competitor Carnival Corporation announcing a quarterly dividend, often a sign of financial health. Norwegian Cruise Line shares remain down 13.4% year-to-date and are trading 26.8% below their 52-week high of $26.94 from September 2025.
Norwegian Cruise Line Holdings LtdMorgan Stanley raised price target from $20 to $22, citing confidence in earnings power and valuation.
Carnival Corporation
Morgan Stanley