Wells Fargo Initiates Coverage on Norwegian Cruise Line (NCLH) with Overweight Rating, $30 PT

Core Viewpoint - Norwegian Cruise Line Holdings Ltd. is considered a cheap stock with potential for sustained double-digit earnings growth, as indicated by Wells Fargo's Overweight rating and a price target of $30 [1][3]. Financial Performance - The company reported a record quarterly revenue of $2.94 billion in Q3 2025, reflecting a year-over-year growth of 4.69% [3]. - Adjusted EPS for the quarter was $1.20, exceeding guidance by $0.06 [3]. - Full-year adjusted EPS guidance was raised to $2.10, representing a 19% year-over-year increase [4]. Market Positioning - Norwegian Cruise Line is focusing on attracting more families, which has led to higher load factors but some dilution in blended pricing due to increased children in cabins [4]. - The company operates multiple brands, including Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises, across various regions including North America, Europe, and Asia-Pacific [5]. Analyst Sentiment - Following the Q3 earnings report, the company's share price declined, which Wells Fargo views as a favorable buying opportunity for investors [2].