BofA/Merrill analyst Andrew Didora initiated Royal Caribbean with a Neutral and a $123 price target saying multiple expansion will be difficult given accelerating industry capacity growth.

Wells Fargo raised the firm's price target on Royal Caribbean to $159 from $153 and keeps an Overweight rating on the shares. Royal Caribbean reported a solid Q1 EBITDA beat and provided upbeat bookings commentary, with no signs of slowing demand or geopolitical impact, the analyst tells investors in a research note.

Susquehanna raised the firm's price target on Royal Caribbean to $160 from $150 and keeps a Positive rating on the shares. The firm raised its 2024 adjusted EPS guidance yet again, the liner continues to execute on its Trifecta Plan, with a strong 2024 Wave Season, new technology, and private destinations all continuing to support the the shares.

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Sees Q2 fuel consumption 416,000 metric tons.

Reports Q1 revenue $3.7B, consensus $3.69B. Load factors in the first quarter were 107%. "Wow, what a great start to the year! Demand for our leading brands and the incredible experiences they deliver continues to be very robust, resulting in outperformance in the first quarter, a further increase of full year earnings guidance, and 60% expected earnings growth year over year," said Jason Liberty, president and CEO, Royal Caribbean Group. "Building on this momentum, we expect to achieve all our Trifecta financial goals in 2024, which allows us to focus on a new era of growth to drive long-term shareholder returns and take a greater share of the rapidly growing $1.9 trillion global vacation market."