Carnival Just Hit 52-Week Highs. Can the Stock Continue Higher in 2024?
Cruise line stocks are in an interesting place at the end of 2023. On the one hand, demand is stronger than ever, as consumers are definitely back in "revenge travel" mode following the pandemic.
Yet, on the other hand, inflation and higher interest rates are a big counterweight to the bull case, as all major cruise companies are now loaded with debt -- a result of the emergency borrowing during the pandemic -- while also battling higher labor costs.
In 2023, investors in the largest cruise company in the world, Carnival Corp. (NYSE: CCL), apparently saw the good outweighing the bad, with the stock up a whopping 137% on the year in the wake of its recent fourth-quarter earnings report.
Source Fool.com
Carnival plc Aktie
13,61 €
0,37 %
Die Community ist noch unentschlossen über Carnival plc mit wenigen Einschätzungen.
Dadurch ergibt sich bei einem Kursziel von 14 € ein leicht positives Potenzial von 2.9% im Vergleich zum aktuellen Kurs von 13.61 € bei Carnival plc.
