Wells Fargo Initiates Coverage of Norwegian Cruise Line (NCLH) with ‘Overweight’ Rating, $30 PT, Calls Selloff a Buying Opportunity

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) is one of the most undervalued NYSE stocks to buy right now. On November 18, Wells Fargo analyst Trey Bowers initiated coverage of Norwegian Cruise Lin with an Overweight rating and $30 price target. This sentiment was posted after the company experienced a selloff after releasing its Q3 2025 earnings report. Wells Fargo believes that this selloff in the shares is a buying opportunity.

In Q3, Norwegian Cruise Line Holdings disclosed achieving the highest quarterly revenue in its history, driven by strong customer demand and a high Load Factor of 106.4%, which was boosted by strong family demand. This revenue totaled $2.94 billion and was 4.69% higher than the revenue made in Q3 2024. The company’s Adjusted Net Income was $596 million, and Adjusted EPS came in at $1.20, which exceeded estimates by $0.06.

Wells Fargo Initiates Coverage of Norwegian Cruise Line (NCLH) with 'Overweight' Rating, $30 PT, Calls Selloff a Buying Opportunity

Booking activity during this quarter was the strongest third-quarter bookings in company history, up over 20% from the previous year. This growth was broad-based across all three brands (NCL, Oceania, and Regent) and continued into October. The company also raised its full-year adjusted EPS guidance to $2.10, which is a 19% year-over-year increase.

Norwegian Cruise Line Holdings Ltd. operates as a cruise company in North America, Europe, the Asia-Pacific, and internationally. It operates the Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises brands.

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This article is originally published at Insider Monkey.