Royal Caribbean shares surge 20.05% after-hours on Q4 2025 earnings beat, strong 2026 guidance, and analyst upgrades.

Royal Caribbean Cruises Ltd. (RCL) surged 20.05% in after-hours trading, driven by a combination of strong earnings performance, upgraded analyst projections, and strategic developments. The stock’s rally followed the company’s Q4 2025 earnings beat and robust 2026 guidance, which highlighted record bookings and cost discipline. Analysts at Goldman Sachs and Mizuho further fueled optimism by upgrading RCL’s price targets, citing improved fuel costs, new ship launches, and a joint venture with MSC Cruises to develop a terminal in Japan. These factors collectively reinforced investor confidence in RCL’s growth trajectory, despite mixed EPS forecasts for 2026. The after-hours jump reflects market enthusiasm for the cruise operator’s operational momentum and strategic partnerships.