Analysts Bullish on Royal Caribbean and Amazon, See Significant Upside Potential
Wall Street analysts are expressing optimism about two top consumer cyclical stocks: Royal Caribbean (RCL) and Amazon (AMZN). According to a recent analysis, investors have reason to be bullish on these companies.
Royal Caribbean analyst Richard Clarke from Bernstein maintained his Buy rating on the stock with a price target of $355.00. The company's shares closed last Monday at $254.16, close to its 52-week high of $277.08. This suggests that investors may see significant upside potential in the stock.
Average analyst consensus for Royal Caribbean is a Moderate Buy rating with an average price target of $356.08, implying a 39.1% upside from current levels. Citi also maintained a Buy rating on the stock with a $362.00 price target, further supporting the bullish sentiment.
Amazon (AMZN) analyst Justin Post from Bank of America Securities also expressed his confidence in the company's prospects. He maintained a Buy rating on Amazon with a price target consensus of $334.28, implying a 32.0% upside from current levels. Goldman Sachs also maintains a Buy rating on the stock with a $375.00 price target.
Both Royal Caribbean and Amazon have strong analyst backing, which may indicate a positive outlook for their future performance.