Royal Caribbean Miami Cruise Terminal.

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Royal Caribbean gets hit with two price cuts as market uncertainty threatens to rock demand

Cruise stocks could have a tough time staying afloat in the near term.

4/10/25 11:03AM

Royal Caribbean shares tumbled nearly 6% Wednesday morning, sinking far more than the broader market, after analysts chopped their price target for the cruise line. Morgan Stanley slashed its forecast from $270 to $220 — a steep 18% drop — blaming mounting tariff uncertainty and a dimmer growth outlook.

This follows a similar cut from Stifel, which dropped its target for the cruise giant from $310 to $265 but kept its “buy” rating. Analysts pointed to the rough economic waters and uncertainty over short-term consumer spending. Despite the turbulence, the firm still calls Royal Caribbean “best in class.”

Travel stocks have been caught in the crossfire as tariffs and a slowdown in consumer spending keep the industry on edge. Despite the recent sell-off, Royal Caribbean is sitting on cushy gains of nearly 50% over the past year and is set to report Q1 earnings later this month.

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