On September 29, Royal Caribbean Cruises rose 6.02% in regular trading, trading at approximately $257.10/share, with turnover of $46.28 million. The rally was driven by a dual analyst upgrade and a broader cruise sector surge fueled by Carnival's better-than-expected Q3 revenue.

BofA analyst Andrew Didora upgraded Royal Caribbean from Neutral to Buy with a $330 price target, while Deutsche Bank simultaneously upgraded the stock to Buy with a $299 target. BofA noted that since August 5, Royal Caribbean shares had fallen approximately 26%, presenting an oversold entry opportunity. The upgrades also highlighted the company's recently announced $3 billion acquisition of a 50% stake in Sandals Resorts, valued at $6 billion, which BofA estimates could initially add 3% to 4% to EBITDA and potentially drive low- to mid-teens EBITDA growth through 2030.

The broader cruise sector rallied sharply, with Carnival surging 8.67% on strong Q3 results, while Norwegian Cruise Line gained 6.25%, reinforcing positive sentiment across the industry.

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