3 Reasons to Remain Bullish on Carnival Cruise Stock
(NYSE: CCL) stock has been a hot buy in 2023 with travel demand soaring. Year to date, it has risen 140%. But after the cruise line operator reported its latest quarterly results last month, its shares fell despite what looked to be a strong performance as investors may have been expecting more.
However, Carnival's stock could remain a great buy for the following three reasons.
One concern investors may have about Carnival is that it's carrying roughly $32 billion in long-term debt on its books -- a heavy load.
Source Fool.com
Carnival plc Stock
€13.42
0.900%
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 13.42 € for Carnival plc, so the potential is actually -3.09%.
