3 Unexpected Reasons for Investors to Buy Carnival Stock
Carnival Corp (NYSE: CCL), with 43% of all world cruise passenger traffic, is the market leader, well ahead of cruise line companies like Royal Caribbean and Norwegian Cruise Line Holdings.
Given the company's shutdown during the pandemic and its struggles to return to full capacity and profitability since then, investors may wonder whether industry leadership is enough to make the stock a buy. Nonetheless, three unexpected factors could position Carnival Cruise stock to drive investor returns.
One bright spot for the company is the record number of passenger bookings. Although Carnival's recovery isn't a surprise, some of the results may not have been expected.
Source Fool.com
Carnival plc Stock
€12.33
0.610%
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.
