12 Most Undervalued Travel Stocks To Buy According To Hedge Funds

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4. Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Number of Hedge Fund Holders: 58

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) is one of the most undervalued travel stocks to buy according to hedge funds. On February 2, Oceania Cruises, a wholly owned subsidiary of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH), announced that it attained record-breaking booking levels on January 28, 2026, which marked the opening day of reservations for its newest ship, Oceania Sonata. The bookings exceeded the launch-day bookings of Oceania Cruises’ previous new ship, Oceania Allura™, by a notable 45%.

Management reported that the demand for Oceania Sonata’s inaugural season was “brisk”, with significant demand across the suite categories, highlighting its decision to upsize the allotment of high-yielding accommodations from the previous class of new ships.

In another development, Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) received a rating update from JPMorgan on January 20, which cut the price target on the stock to $28 from $40 while maintaining an Overweight rating on the shares. The firm also removed the stock from its Analyst Focus List and cut its Q1 net yield estimate below consensus.

However, Citi reiterated a Buy rating on Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) on January 14, lifting the price target to $29 from $26. The firm told investors that it expects “conservative” outlooks from the cruise names during the Q4 earnings season, with indicators suggesting that either the demand environment has decelerated or the supply environment in the Caribbean market has “gotten crowded,” or even some combination of both.

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) is a global cruise company that operates Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. The company’s brands offer a range of amenities, activities, and features, including bars and lounges, multiple dining venues, retail shopping areas, spas, casinos, and numerous entertainment choices.

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