Royal Caribbean Cruises (NYSE:RCL) stock has soared over the past 12 months, mirroring the growth we’ve seen from tech and artificial intelligence stocks. Currently, Royal Caribbean shares are up 116% over the past year. However, there have been plenty of tailwinds, with robust demand for travel experiences post-pandemic, allowing Royal Caribbean to benefit from record pricing and strong earnings. And that’s why I’m bullish. Despite the share price surging, I still believe Royal Caribbean could go higher.
Rebounding
Royal Caribbean Cruises stock has just surpassed its pre-pandemic high, reflecting impressive earnings, strong demand, and a performance initiative that appears to be working. The firm, which runs three global cruise brands — Royal Caribbean International, Celebrity Cruises, and Silversea Cruises — highlighted its stellar results for 2023 in February, noting improved margins and robust demand, as it…
