Goldman Sachs has downgraded Norwegian Cruise Line Holdings Ltd (NCLH) to Neutral from Buy. The action, effective December 8, 2025, comes as the stock trades at $19.02.
This downgrade suggests increased caution regarding the company's outlook. Analysts may be reflecting concerns about competitive pressures, market conditions, or execution risks that could impact performance.
Norwegian Cruise Line Holdings, headquartered in Miami, Florida, operates a fleet of 32 ships across its brands, including Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. The company employs approximately 36,500 full-time staff and has a market cap of $8.6 billion. As of December 1, 2025, the consensus rating for NCLH among analysts remains a Buy, with 9 Strong Buy, 14 Buy, and 8 Hold ratings.
Upcoming earnings are set for July 29, 2026, with an estimated EPS of $0.68 and revenue of $2.8 billion. Recent performance has shown mixed results, with Q3 2025 EPS reported at $1.20, exceeding estimates by 1.6%.
Analyst ratings and price targets are based on research and financial models, reflecting professional opinions that may change as new information becomes available. Investors are encouraged to consider various factors, including company fundamentals and market conditions, when making decisions.