02:50 AM EDT, 05/02/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We reiterate our target price of $20, based on a 9x 2025 EV/EBITDA multiple, within the shares' 8x-10x one-year trading range. We raise our 2025 EPS forecast to $2.04 from $1.61 and 2026 EPS forecast to $2.30 from $1.94, reflecting cost efficiencies. Our new estimates reflect lower net yield growth, accounting for slightly lower occupancy levels. We assume modest EBITDA expansion (+20 bps Y/Y) despite concerns over top line pressure, driven by greater cost cutting efforts. We are looking past the quarter's decline in passenger growth, which was more a result of calendar shifts and ship repositioning than hesitancy among consumers. NCLH's brands cater to higher income consumers, which we feel will insulate pricing growth, giving us more confidence in NCLH's bookings in 2026 and beyond. We feel shares are attractively valued at current levels, fully reflecting concerns of a slowdown in demand. Interest expense, fuel, and FX headwinds are also easing. We therefore reiterate our Buy rating.