Norwegian Cruise Line Holdings stock | Price, analyst rating, price target & growth

Norwegian Cruise Lin...

NYSE:NCLH

$ 18,49

$-1,36 (-6,85%)

18,49 $

$-1,36 (-6,85%)

End-of-day quote: 03/27/2026

Norwegian Cruise Line Holdings Stock Value

Analysts currently give NYSE:NCLH a rating of Outperform.

Outperform

Norwegian Cruise Line Holdings Company Info

EPS Growth 5Y

-18,59%

Market Cap

$8,42 B

Long-Term Debt

$13,73 B

Short Interest

1,77%

Quarterly earnings

04/30/2026 (E)

Dividend

$0,00

Dividend Yield

0,00%

Founded

1966

Industry

Consumer Discretionary

Country

United States

ISIN Number

BMG667211046

Website

http://www.nclhltd.com

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

$26,00

40.62%

Last Update: 03/28/2026

Analysts: 22

Highest Price Target $38,00

Average Price Target $26,00

Lowest Price Target $19,00

In the last five quarters, Norwegian Cruise Line Holdings’s Price Target has risen from $26,98 to $30,67 - a 13,68% increase. Twenty One analysts predict that Norwegian Cruise Line Holdings’s share price will increase in the coming year, reaching $26,00. This would represent an increase of 40,62%.

Top growth stocks in the consumer discretionary sector (5Y.)

What does Norwegian Cruise Line Holdings do?

Norwegian Cruise Line Holdings Ltd. (Norwegian) operates as a global cruise company. The company operates through the Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises brands. The company’s brands offer itineraries to worldwide destinations, including Europe, Asia, Australia, New Zealand, South America, Africa, Canada, Bermuda, the Caribbean, Alaska, and Hawaii. Norwegian’s U.S.-flagged ship, Pride of America, provides the industry’s only entirely inter-island itinerary in H...

Norwegian Cruise Line Holdings Ltd. (Norwegian) operates as a global cruise company.

The company operates through the Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises brands. The company’s brands offer itineraries to worldwide destinations, including Europe, Asia, Australia, New Zealand, South America, Africa, Canada, Bermuda, the Caribbean, Alaska, and Hawaii. Norwegian’s U.S.-flagged ship, Pride of America, provides the industry’s only entirely inter-island itinerary in Hawaii.

All of the company’s brands offer an assortment of features, amenities, and activities, including a variety of accommodations, multiple dining venues, bars and lounges, a spa, a casino, and retail shopping areas, as well as numerous entertainment choices. All brands also offer a selection of shore excursions at each port of call, as well as air transportation and hotel packages for stays before or after a voyage.

As of December 31, 2024, the company had 32 ships with approximately 66,500 berths. The company expects to add 13 additional ships to its fleet from 2025 through 2036. For the Norwegian brand, the company has four Prima Class Ships on order, with scheduled delivery dates from 2025 through 2028. For Oceania Cruises, the company has one Allura Class Ship on order for delivery in 2025. The company also has orders for three new classes of ships: four Oceania Cruises ships with deliveries scheduled from 2027 through 2031, two Prestige Class Ships with deliveries scheduled in 2026 and 2029, and four Norwegian Cruise Line ships with deliveries scheduled from 2030 through 2036.

The company’s portfolio of three award-winning brands operates a combined 32 ships, ranging in size from approximately 500 to over 4,000 berths.

Norwegian’s ships cater to a variety of travelers with up to 20 dining options, various attractions, including the world’s only racetracks at sea, a wide array of entertainment options, full-service spas at sea, and a diverse range of accommodations, including luxury suites in The Haven, studio staterooms designed and priced for the solo traveler, and everything in between. Oceania Cruises’ award-winning onboard dining, with multiple open seating dining venues, is a central highlight of its cruise experience. Regent’s all-inclusive fare includes unlimited shore excursions in every port, a one-night pre-cruise hotel package in Concierge Suites and higher, specialty dining, unlimited premium beverages, including fine wines and spirits, pre-paid gratuities, unlimited Starlink Wi-Fi, valet laundry service, and other amenities. Regent also offers an Ultimate All-Inclusive Air option, which includes the previously stated amenities, plus flights with the flexibility to choose the desired air class, transfers between the airport and ship, and a private executive chauffeur credit for private transfers.

The company has a wide variety of itineraries to over 700 ports around the world. The company’s brands offer diverse itineraries to worldwide destinations, including Europe, Asia, Australia, New Zealand, South America, Africa, Canada, Bermuda, the Caribbean, Alaska, and Hawaii.

Strategy

The company’s strategies are to foster a culture based on innovation, collaboration, transparency, and passion; deliver vacations that the company’s guests value, providing digital and other tools to make it easier for them to curate their experience throughout the customer journey; and expand only into offerings that matter most to the company’s current and future guests, and that deliver meaningful experiences.

Passenger Ticket Revenue

The company offers its guests a wide variety of options when booking a cruise. The company’s cruise ticket prices generally include cruise fare and an array of onboard activities and amenities, meals, entertainment, and government taxes, fees, and port expenses. In some instances, cruise ticket prices include round-trip airfare to and from the port of embarkation, complimentary beverages, unlimited shore excursions, internet, valet laundry services, pre-cruise hotel packages, as well as pre- or post-cruise land packages at many destinations the company sails to around the world. Prices vary depending on the particular cruise itinerary, voyage length, stateroom category selected, added inclusions, and the time of year that the sailing takes place.

Onboard and Other Revenue

All three brands generate onboard and other revenue for additional products and services, which are not included in the cruise fare, including casino operations, certain food and beverage, shore excursions, gift shop purchases, spa services, communication services, and other similar items. Food and beverage, casino operations, and shore excursions are generally managed directly by the company, while retail shops, spa services, art auctions, and communication services may be managed through contracts with third-party concessionaires. These contracts generally entitle the company to a percentage of the gross sales derived from these concessions. Norwegian’s ticket prices typically include meals in certain dining facilities and many onboard activities, such as entertainment, pool-side activities, and various sports programs. To maximize onboard revenue, all three brands use various cross-marketing and promotional tools, which are supported by point-of-sale systems permitting ‘cashless’ transactions for the sale of these products and services. Oceania Cruises’ ticket prices include specialty dining, entertainment, Starlink Wi-Fi, laundry, gratuities, and certain other amenities. Regent’s ticket prices typically include onboard amenities, such as unlimited complimentary shore excursions, beverages, including fine wines and liquors, entertainment, specialty dining, Starlink Wi-Fi, valet laundry, and gratuities.

Seasonality

The company’s operations are seasonal, and results for interim periods are not necessarily indicative of the results for the entire fiscal year (year ended December 31, 2024). Historically, demand for cruises has been strongest during the Northern Hemisphere’s summer months, which has resulted in fluctuations by quarter in its revenue and results of operations. The seasonality of the company’s results is increased due to ships being taken out of service for regularly scheduled dry-docks, which the company typically schedules during non-peak demand periods.

Competition

The company’s primary competition includes operators, such as Carnival and Royal Caribbean, as well as other cruise lines, such as MSC Cruises, Viking Ocean Cruises, and Virgin Voyages.

Ship Maintenance and Logistics

Sophisticated and efficient maintenance and operations systems support the technical capabilities and modern look of the company’s fleet. In addition to routine repairs and maintenance performed on an ongoing basis and in accordance with applicable requirements, each of its ships is generally taken out of service approximately every 24 to 60 months for a period of one or more weeks for scheduled maintenance work, repairs, and improvements performed in dry-dock. The dry-dock interval is a statutory requirement controlled under IMO requirements reflected in chapters of the International Convention of the Safety of Life at Seas (‘SOLAS’), and to some extent the International Load Lines Convention. Under these regulations, it is required that a passenger ship dry-dock once in five years (depending on the age of the vessel) or twice in five years (depending on flag state and age of vessel), and the maximum interval between each dry-dock cannot exceed three years (depending on flag state and age of vessel). However, most of the company’s international ships qualify under a special exemption provided by The Bahamas and/or Marshall Islands (flag state), as applicable, after meeting certain criteria set forth by the ship’s flag state to dry-dock once every five years. To the extent practical, each ship’s crew, catering, and hotel staff remain with the ship during the dry-dock period and assist in performing repair and maintenance work. Accordingly, dry-dock work is typically performed during non-peak demand periods to minimize the adverse effect on revenue that results from ships being out of service. Dry-docks are typically scheduled in spring or autumn and depend on shipyard availability. The company typically takes this opportunity to upgrade the vessels in all areas of both guest-facing services and innovative compliance technology.

Trademarks and Trade Names

Under the Norwegian brand, the company owns a number of registered trademarks relating to, among other things, the names ‘NORWEGIAN CRUISE LINE’ and ‘FEEL FREE,’ the names of the company’s ships (except where trademark applications for these have been filed and are pending), incentive programs, and specialty services rendered on its ships, as well as specialty accommodations such as ‘THE HAVEN BY NORWEGIAN.’

Under the Oceania Cruises brand, the company owns rights in a number of trademarks relating to, among other things, the names ‘OCEANIA CRUISES’ and its logo, ‘FINEST CUISINE AT SEA,’ and ‘YOUR WORLD. YOUR WAY,’ as well as in the names of the company’s ships.

Under the Regent brand, the company owns registered trademarks relating to, among other things, the names ‘SEVEN SEAS CRUISES,’ ‘AN UNRIVALED EXPERIENCE,’ and ‘THE MOST INCLUSIVE LUXURY EXPERIENCE,’ as well as the names of its ships (except where trademark applications have been filed and are pending).

The Regent ships have been operating under the Regent brand since 2006. The company entered into a trademark license agreement with Regent Hospitality Worldwide, Inc., which it amended in February 2011, granting the company the right to use the ‘Regent’ brand family of marks. The amended trademark license agreement allows Regent to use the Regent trade name in conjunction with cruises in perpetuity, subject to the terms and conditions in the agreement.

Regulatory Matters

The company’s ships registered in The Bahamas and the Marshall Islands are inspected at least annually pursuant to Bahamian and Marshall Islands requirements, and are subject to international laws and regulations, as well as to various U.S. federal regulatory agencies, including, but not limited to, the U.S. Public Health Service and the U.S. Coast Guard. The company’s U.S.-registered ship is subject to laws and regulations of the U.S. federal government, including, but not limited to, the Food and Drug Administration (‘FDA’), the U.S. Coast Guard, and the U.S. Department of Labor.

For the company’s affected ships, all of the U.S. National Pollutant Discharge Elimination System (‘NPDES’) requirements are set forth in the Environmental Protection Agency’s (‘EPA’) Vessel General Permit (‘VGP’).

The Oil Pollution Act of 1990 (‘OPA 90’) provides for strict liability for water pollution caused by the discharge of oil in the 200-nautical mile EEZ of the U.S., subject to defined monetary limits. OPA 90 requires that in order for the company to operate in U.S. waters, it must have Certificates of Financial Responsibility from the U.S. Coast Guard for each ship. The company’s continued OPA 90 certification signifies its ability to meet the requirements for related OPA 90 liability in the event of an oil spill or release of a hazardous substance.

In connection with certain Alaska cruise operations, the company relies on concession permits from the U.S. National Park Service to operate the company’s ships in Glacier Bay National Park and Preserve. The company holds a concession permit allowing for 41 calls annually through September 30, 2029.

In the U.S., the company must meet the U.S. Public Health Service’s requirements, which include vessel ratings by inspectors from the Vessel Sanitation Program of the U.S. Centers for Disease Control and Prevention (CDC) and the FDA.

The company continues to work directly with the CDC Maritime Unit, as well as other health regulatory authorities, such as E.U. Healthy Gateways, to adjust its infectious disease (e.g., COVID-19, influenza, and norovirus) response protocols.

The IMO (International Maritime Organization, a United Nations agency that sets international standards for shipping) has adopted safety standards as part of the SOLAS convention, which apply to all of the company’s ships. SOLAS establishes requirements for vessel design, structural features, construction methods and materials, refurbishment standards, life-saving equipment, fire protection and detection, safe management and operation, and security in order to help ensure the safety and security of its guests and crew. All of the company’s crew undergo regular security and safety training exercises pursuant to international and national maritime regulations.

SOLAS requires that all cruise ships are certified as having safety procedures that comply with the requirements of the International Management Code for the Safe Operation of Ships and for Pollution Prevention (‘ISM Code’). All of the company’s ships are certified as to compliance with the ISM Code.

All of the company’s ships are in compliance with the requirements of SOLAS, as amended and/or as applicable to the keel-laying date.

History

Norwegian Cruise Line Holdings Ltd. was founded in 1966. The company was incorporated in 2011.

Norwegian Cruise Line Holdings Questions and Answers

Which sectors generate sales and which are the top 3 markets?

**Industry Revenue Breakdown:** - Cruises: 85% - Onboard Services and Sales: 10% - Other: 5% **TOP 3 Markets:** - USA: 45% - Europe: 30% - Asia: 15% Norwegian Cruise Line Holdings Ltd. generates the majority of its revenue from the cruise business, which accounts for the main share of income. Onbo...

At which locations are the company’s products manufactured?

**Production of Products:** No physical production Norwegian Cruise Line Holdings Ltd. is a cruise company and does not produce physical products in the traditional sense. Instead, the company offers services in the form of cruise travel. In this case, "production" consists of providing a...

What strategy does Norwegian Cruise Line Holdings pursue for future growth?

**Capacity Expansion:** 20% by 2026 **Investments in Sustainability:** $500 million by 2027 Norwegian Cruise Line Holdings Ltd. is pursuing a strategy focused on capacity expansion and sustainability. The company plans to expand its fleet by approximately 20% by 2026 to meet the increasing dema...

Which raw materials are imported and from which countries?

**Main Imported Raw Materials:** - Steel - Aluminum - Fuel (Marine Gas Oil, Heavy Fuel Oil) - Food and Beverages **Countries of Origin:** - **Steel and Aluminum:** China, South Korea, Germany - **Fuel:** USA, Saudi Arabia, Russia - **Food and Beverages:** USA, Brazil, European countries Norwegian...

How strong is the company’s competitive advantage?

**Market share:** 8.7% (estimated for 2025) **EBITDA margin:** 25% (estimated for 2025) **Customer satisfaction:** 4.3 out of 5 (industry comparison, 2024) Norwegian Cruise Line Holdings Ltd. has a significant competitive advantage due to its strong brand presence and high customer satisfaction...

What is the share of institutional investors and insider buying/selling?

**Institutional Investor Share:** approx. 85% (estimated, 2025) **Insider Buys/Sells:** No significant transactions in the last quarter (2025) The institutional investor share in Norwegian Cruise Line Holdings Ltd. is traditionally high, as large investment funds and institutional investors are t...

What percentage market share does Norwegian Cruise Line Holdings have?

**Market share of Norwegian Cruise Line Holdings Ltd.:** 9% (2025, estimated) **Main competitors and their market shares:** 1. **Carnival Corporation & plc:** 40% 2. **Royal Caribbean Group:** 25% 3. **Norwegian Cruise Line Holdings Ltd.:** 9% 4. **MSC Cruises:** 8% 5. **Disney Cruise Line:** 5...

Is Norwegian Cruise Line Holdings stock currently a good investment?

**Revenue Growth:** 18% (2024) **Passenger Capacity:** 2.5 million (2024) **Net Income:** Positive (first time since 2019, 2024) Norwegian Cruise Line Holdings Ltd. recorded a revenue growth of 18% in 2024, attributed to a strong recovery of the cruise industry after the pandemic. The passenger cap...

Does Norwegian Cruise Line Holdings pay a dividend – and how reliable is the payout?

**Dividend:** No payout (as of 2025) Norwegian Cruise Line Holdings Ltd. has not paid any dividends in recent years. The company has focused on strengthening its financial stability following the challenges of the COVID-19 pandemic. The cruise industry was heavily impacted by the pandemic, leading...

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Norwegian Cruise Line Holdings Stock Value

Norwegian Cruise Line Holdings Company Info

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the consumer discretionary sector (5Y.)

What does Norwegian Cruise Line Holdings do?

Norwegian Cruise Line Holdings Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

New support ticket

Explore

Norwegian Cruise Line Holdings Stock Value

Norwegian Cruise Line Holdings Company Info

Analyst Price Target The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the consumer discretionary sector (5Y.)

What does Norwegian Cruise Line Holdings do?

Norwegian Cruise Line Holdings Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.