Will Norwegian Cruise Line Be a $26 Stock?
At least one Wall Street pro thinks the sell-off in Norwegian Cruise Line (NYSE: NCLH) stock has gone too far. James Hardiman, an analyst at Wedbush Securities recently attached a $26 per share price target on the battered cruise ship stock, which equates to more than a 100% return from the current level. The nightmare scenario of insolvency, meanwhile, is unlikely now that Norwegian has raised enough capital to potentially operate through 2021 without resuming its cruise services.