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Barchart

Wajeeh Khan

This Analyst Says It's Time to Buy Royal Caribbean Stock. Here's Why.

Royal Caribbean Deutsche Bank RCL Barchart

Deutsche Bank analyst Chris Woronka believes Royal Caribbean (RCL) shares have bottomed, and the path of least resistance is now to the upside. In a research note dated Sept. 29, he upgraded RCL to “Buy” and maintained his price target at $299, indicating potential for a 15% rally from current levels.

Royal Caribbean stock has been a major disappointment for investors since early August, currently down over 20% versus its recent high.

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