3 Reasons Carnival Stock Can Double Again in 2024
It's been a "love boat" for Carnival Corp. (NYSE: CCL) investors this year. The stock is up 130% in 2023, heading into the final two trading days of the year. The world's leading cruise line operator has made the most of the industry's travel recovery. Can it keep coasting in the right direction in 2024?
There will be challenges, of course. However, Carnival is in a great position to keep beating the market in the year ahead. Let's go over some of the reasons the bellwether for cruise line stocks could double again in 2024.
Carnival closed out fiscal 2023 on another encouraging note last week. Revenue surged 41% to hit a new fiscal fourth-quarter record of $5.4 billion, exceeding its earlier guidance. Top-line results also set a new high-water mark. In short, revenue has already more than recovered to pre-pandemic levels.
Source Fool.com
Carnival plc Stock
With 0 Sell predictions and 1 Buy predictions the community sentiment towards the Carnival plc stock is not clear.
As a result the target price of 13 € shows a slightly positive potential of 5.48% compared to the current price of 12.33 € for Carnival plc.
