Carnival Cruise Lines Stock: Buy, Sell, or Hold?
The cruise industry faced unprecedented challenges during the height of the pandemic, prompted by widespread travel restrictions and safety concerns. As a result, revenue dried up, and stock prices sank across the industry.
Despite the significant drops from pre-pandemic highs, some investors see cruise stocks as potential bounceback candidates. One cruise stock, Carnival Corporation (NYSE: CCL) (NYSE: CUK), is up roughly 80% in 2023. Let's look at whether it is a temporary uptick, or if the performance signals a legitimate recovery for the cruise line operator.
Revenue is the top line of the income statement because it is the first financial metric displayed, representing the money a company generates from its primary business before any deductions or expenses. Most companies expect their revenue to increase by at least the rate of inflation each year, or it might signal a fundamental problem with the business, potentially leading to reduced profitability.
Source Fool.com
Carnival plc Stock
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 13.24 € for Carnival plc, so the potential is actually -1.78%.
