27.11.2024 17:50:00
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Can Royal Caribbean Stock Double Again in 2025?
It's been another great year for the world's most valuable cruise line operator by market cap and enterprise value, despite being just the second-largest cruise line by revenue and passenger volume. After soaring 89% so far in 2024, shares of Royal Caribbean Cruises (NYSE: RCL) hit another all-time high on Tuesday. The stock could wind up doubling this year if the market proves buoyant over the holiday season.That wouldn't be a fluke. Royal Caribbean stock more than doubled last year with a 162% surge. Could it pull off a hat trick by repeating the feat in 2025? A stock more than doubling in back-to-back years is impressive. Doing it for three years in a row is naturally an even rarer occurrence. But momentum and fundamentals are on the side of the cruise line operator.It's not a surprise that the cruise line industry was the hardest hit of the major travel market segments after the pandemic struck. Unlike the airlines, hoteliers, train operators, and rental car agencies that were able to continue operating -- albeit with new safeguards -- cruise ships were stuck empty in port, unable to take on revenue-generating passengers for more than a year.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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