Put Contract Overview: The $23.00 strike price put contract has a bid of $1.02, allowing investors to buy shares at $23.00 while effectively lowering their cost basis to $21.98 after premium collection.
Potential Outcomes for Put Contract: With a 57% chance of expiring worthless, the put contract could yield a 4.43% return on cash commitment, equating to an annualized return of 37.64%.
Call Contract Strategy: The $26.00 strike price call contract has a bid of 7 cents; if shares are purchased at $23.16 and sold via a covered call, it could result in a total return of 12.56% if exercised by expiration.
Volatility Insights: Implied volatility for the put and call contracts is 56% and 58%, respectively, while actual trailing volatility is calculated at 51%, indicating market expectations for stock price fluctuations.
NCLH
$21.375+Infinity%1D
Analyst Views on NCLH
Wall Street analysts forecast NCLH stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NCLH is 28.58 USD with a low forecast of 21.00 USD and a high forecast of 40.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
14 Analyst Rating
Wall Street analysts forecast NCLH stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NCLH is 28.58 USD with a low forecast of 21.00 USD and a high forecast of 40.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Buy
4 Hold
0 Sell
Moderate Buy
Current: 20.860
Low
21.00
Averages
28.58
High
40.00
Current: 20.860
Low
21.00
Averages
28.58
High
40.00
Jefferies
Buy -> Hold
downgrade
$26 -> $20
2025-12-15
New
Reason
Jefferies
Price Target
$26 -> $20
2025-12-15
New
downgrade
Buy -> Hold
Reason
Jefferies downgraded Norwegian Cruise Line to Hold from Buy with a price target of $20, down from $26. The firm cites the company's strategic shifts and sustained leverage for the downgrade. Slippage on expectations for Norwegian's deleveraging along with a "rushed capacity and strategy shift" could cause significant near-term issues, the analyst tells investors in a research note. Jefferies says the company's moving of 10% of fiscal 2026 capacity from Europe to the Caribbean on short notice is likely to interrupt normal bookings and result in yield headwinds.
Mizuho
Outperform
maintain
$29 -> $32
2025-12-12
New
Reason
Mizuho
Price Target
$29 -> $32
2025-12-12
New
maintain
Outperform
Reason
Mizuho raised the firm's price target on Norwegian Cruise Line to $32 from $29 and keeps an Outperform rating on the shares. The firm sees a "compelling risk/reward" at current share levels. It recommends buying the stock on the recent pullback with Norwegian at a "trough valuation."
Goldman Sachs
Buy
to
Neutral
downgrade
$23 -> $21
2025-12-09
Reason
Goldman Sachs
Price Target
$23 -> $21
2025-12-09
downgrade
Buy
to
Neutral
Reason
Goldman Sachs downgraded Norwegian Cruise Line to Neutral from Buy with a price target of $21, down from $23. The firm sees a less favorable risk/reward for 2026 given the e supply/demand setup in the Caribbean and Norwegian's "outsized exposure" to that market. Norwegian's "significant" amount of capacity into the Caribbean at a rate that far outpaces industry growth creates downside risk to consensus estimates, the analyst tells investors in a research note.
Truist
Buy
to
Buy
downgrade
$31 -> $26
2025-12-02
Reason
Truist
Price Target
$31 -> $26
2025-12-02
downgrade
Buy
to
Buy
Reason
Truist lowered the firm's price target on Norwegian Cruise Line to $26 from $31 and keeps a Buy rating on the shares as part of a broader research note on Cruise Lines. The firm's lengthy conversations over the past month with senior executives in the travel industry and examining "big data" on future cruise bookings and pricing indicate that supply for the contemporary-mass market segment is slightly higher than that of demand, the analyst tells investors in a research note. Underlying demand for this segment is fairly lethargic and in light of mid-single digit supply growth this year through 2027 and following last year's low-teens growth rate, companies are increasingly relying on promotional activity/value-adds in order to fill cabin, the firm added.
About NCLH
Norwegian Cruise Line Holdings Ltd. is a global cruise company. The Company operates Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises. With a combined fleet of 32 ships and over 66,500 berths, it offers itineraries to over 700 destinations worldwide. Its brands offer itineraries to worldwide destinations, including Europe, Asia, Australia, New Zealand, South America, Africa, Canada, Bermuda, Caribbean, Alaska and Hawaii. All its brands offer an assortment of features, amenities and activities, including a variety of accommodations, multiple dining venues, bars and lounges, spa, casino and retail shopping areas and 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. Norwegian’s ships cater to a variety of travelers with up to 20 dining options. Oceania Cruises offers onboard dining, with multiple open-seating dining venues.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
