Carnival Cruise Line Has 1 Key Focus in 2024. Is It Time to Buy the Stock?
Carnival Corporation (NYSE: CCL), parent company of Carnival Cruise Line, is one of the world's largest cruise ship operators. After seeing its business screech to a standstill amidst the pandemic, Carnival has been on the rise again -- in fact, reaching record revenue in fiscal 2023. But there's one lingering problem that has investors worried about the company. Here's what you need to know and what Carnival is planning to do about it.
Carnival stock has only risen half as much as peer Royal Caribbean Group (NYSE: RCL) over the past year as the cruise industry rebounds from effectively being shut down during the pandemic. But the problem here is worse than it seems because Carnival shares are down 70% over the past five years even as Royal Caribbean is up 10%. Effectively, Royal Caribbean has recovered all of the ground lost during the pandemic, but Carnival stock is still in purgatory.
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.
