1 Wall Street Analyst Thinks Norwegian Cruise Line Stock Is Going to $30. Is It a Buy Around $20?
One Wall Street analyst thinks investors can book some nice profits by investing in Norwegian Cruise Line (NYSE: NCLH) stock right now. That's because demand for booking cruise vacations looks to be strong for at least the next year.This comes as travel stocks have been getting crushed during the market sell-off. Uncertainty surrounding tariffs and interest rates has investors concerned about consumer spending. But J.P. Morgan analyst Matthew Boss just spent some time with Norwegian's chief financial officer and believes the cruise business is holding its own.While airlines have been warning investors in recent weeks that they are seeing a slowdown in both consumer and business travel, Boss thinks the concerns may not apply to cruise names like Norwegian. That's thanks to his recent meeting with Norwegian's CFO, Mark Kempa.Continue reading
One Wall Street analyst thinks investors can book some nice profits by investing in Norwegian Cruise Line (NYSE: NCLH) stock right now. That's because demand for booking cruise vacations looks to be strong for at least the next year.
This comes as travel stocks have been getting crushed during the market sell-off. Uncertainty surrounding tariffs and interest rates has investors concerned about consumer spending. But J.P. Morgan analyst Matthew Boss just spent some time with Norwegian's chief financial officer and believes the cruise business is holding its own.
While airlines have been warning investors in recent weeks that they are seeing a slowdown in both consumer and business travel, Boss thinks the concerns may not apply to cruise names like Norwegian. That's thanks to his recent meeting with Norwegian's CFO, Mark Kempa.
