Norwegian Cruise Line (NCLH) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Does Norwegian Cruise Line (NCLH) have what it takes to be a top stock pick for momentum investors? Let's find out.
Shares of Norwegian Cruise Line (NCLH, Financial) soared 10.58% today after Citi analyst James Hardiman upgraded the stock from Neutral to Buy. The positive momentum was fueled by a new price target increase from $20 to $30, indicating a potential upside of over 30% from current levels.
Citi has expressed optimism about Norwegian Cruise Line (NCLH, Financial) and Royal Caribbean (RCL), resulting in pre-market gains for both companies. Norwegian Cruise Line surged nearly 4% and Royal Caribbean rose over 2% in pre-market trading.
On Wednesday, cruise and airline stocks continued to climb. Notably, Norwegian Cruise Line (NCLH, Financial) surged over 8%, Royal Caribbean (RCL) rose more than 3.7%, and Carnival Cruise Line (CCL) increased by over 5%.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
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Norwegian Cruise Line (NCLH) reachead $20.09 at the closing of the latest trading day, reflecting a -1.47% change compared to its last close.
Norwegian Cruise Line (NCLH) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
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Norwegian Cruise Line (NCLH) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, NCLH crossed above the 20-day moving average, suggesting a short-term bullish trend.
If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Norwegian Cruise Line (NCLH) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.