Wells Fargo Initiates Coverage on Norwegian Cruise Line (NCLH) with Overweight Rating, $30 PT

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) is one of the cheap US stocks to buy according to analysts. On November 18, Wells Fargo analyst Trey Bowers initiated coverage of Norwegian Cruise Line with an Overweight rating with a price target of $30. This sentiment was announced as Bowers believes that the company is positioned to achieve sustained double-digit earnings growth over the next several years.

After the release of the company’s Q3 2025 earnings report, the company’s share price declined. Wells Fargo considers this decline a favorable buying opportunity for investors.

In the Q3 earnings report, the company set a record for the highest quarterly revenue, which was driven by robust consumer demand. This revenue totaled $2.94 billion, growing by 4.69% year-over-year. The company’s bottom-line results exceeded guidance, and adjusted EPS came in at $1.20, which was $0.06 higher than the guidance.

Norwegian Cruise Line focused on attracting more families, which contributed to the higher load factors, but this shift led to some dilution in blended pricing due to more children in cabins. Building on this momentum, 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. (NYSE:NCLH) 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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Disclosure: None. This article is originally published at Insider Monkey.