Norwegian Cruise Line (NCLH) – Analysts’ Weekly Ratings Updates

Several analysts have recently updated their ratings and price targets for Norwegian Cruise Line (NYSE: NCLH):

• 12/17/2025 – Norwegian Cruise Line had its price target lowered by analysts at Barclays PLC from $28.00 to $23.00. They now have an “overweight” rating on the stock.
• 12/15/2025 – Norwegian Cruise Line was downgraded by analysts at Jefferies Financial Group Inc. from a “buy” rating to a “hold” rating. They now have a $20.00 price target on the stock, down previously from $26.00.
• 12/12/2025 – Norwegian Cruise Line had its price target raised by analysts at Mizuho from $29.00 to $32.00. They now have an “outperform” rating on the stock.
• 12/9/2025 – Norwegian Cruise Line was downgraded by analysts at The Goldman Sachs Group, Inc. from a “buy” rating to a “neutral” rating. They now have a $21.00 price target on the stock, down previously from $23.00.
• 12/2/2025 – Norwegian Cruise Line had its price target lowered by analysts at Truist Financial Corporation from $31.00 to $26.00. They now have a “buy” rating on the stock.
• 12/1/2025 – Norwegian Cruise Line had its price target lowered by analysts at Wells Fargo & Company from $30.00 to $29.00. They now have an “overweight” rating on the stock.
• 11/18/2025 – Norwegian Cruise Line is now covered by analysts at Wells Fargo & Company. They set an “overweight” rating and a $30.00 price target on the stock.
• 11/17/2025 – Norwegian Cruise Line was upgraded by analysts at Wells Fargo & Company to a “strong-buy” rating.
• 11/12/2025 – Norwegian Cruise Line had its price target lowered by analysts at Susquehanna from $25.00 to $21.00. They now have a “neutral” rating on the stock.
• 11/11/2025 – Norwegian Cruise Line had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $27.00 to $23.00. They now have a “buy” rating on the stock.
• 11/10/2025 – Norwegian Cruise Line was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating.
• 11/10/2025 – Norwegian Cruise Line had its price target lowered by analysts at Morgan Stanley from $27.00 to $25.00. They now have an “equal weight” rating on the stock.
• 11/5/2025 – Norwegian Cruise Line had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $31.00 to $27.00. They now have a “buy” rating on the stock.
• 11/5/2025 – Norwegian Cruise Line had its price target lowered by analysts at Barclays PLC from $31.00 to $28.00. They now have an “overweight” rating on the stock.
• 11/5/2025 – Norwegian Cruise Line had its price target lowered by analysts at JPMorgan Chase & Co. from $43.00 to $40.00. They now have an “overweight” rating on the stock.

Insider Activity at Norwegian Cruise Line

In related news, Director Zillah Byng-Thorne purchased 29,008 shares of Norwegian Cruise Line stock in a transaction dated Thursday, November 6th. The shares were acquired at an average price of $18.11 per share, for a total transaction of $525,334.88. Following the acquisition, the director directly owned 66,017 shares in the company, valued at approximately $1,195,567.87. The trade was a 78.38% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Harry C. Curtis purchased 5,000 shares of the company’s stock in a transaction dated Friday, November 7th. The stock was purchased at an average cost of $19.25 per share, with a total value of $96,250.00. Following the purchase, the director owned 50,325 shares in the company, valued at approximately $968,756.25. This trade represents a 11.03% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have acquired a total of 90,029 shares of company stock worth $1,663,575 over the last 90 days. Corporate insiders own 0.41% of the company’s stock.

Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) is a global cruise operator offering a portfolio of premium brands that includes Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises. The company provides sea voyages and related onboard services such as dining, entertainment, shore excursions and destination experiences. Its fleet of modern vessels sails to more than 400 destinations across all seven continents, serving leisure travelers with itineraries ranging from short Caribbean getaways to extended world voyages.

Founded in 1966 by Knut Kloster and Ted Arison, the company pioneered the concept of “Freestyle Cruising,” which allows passengers greater flexibility in dining schedules, entertainment choices and onboard activities.