1 Reason Not to Buy Carnival Stock Right Now
(NYSE: CCL)(NYSE: CUK) has turned a corner, and it's so far past it, you almost can't see the twists it has left behind. It's now back to its regularly scheduled growth -- or is it? Let's examine where Carnival is headed and why now might not be the best time to buy shares.
It hasn't been easy for Carnival the past few years, and that's an understatement, considering it ceased operations for a few months. But it's been a market-beating stock for decades due to a great product, its No. 1 spot in its industry, and predictable growth.
That was enough reason to be confident it could bounce back, and although its stock has been all over the place, it's now up 100% this year as it has made close to a total recovery.
Source Fool.com
Carnival plc Stock
€13.32
0.150%
The community is currently still undecided about Carnival plc with 1 Buy predictions and 0 Sell predictions.
On the other hand, the target price of 13 € is below the current price of 13.32 € for Carnival plc, so the potential is actually -2.37%.
