Interested in Buying Carnival Stock? Here's What to Look For.
Shares of (NYSE: CCL)(NYSE: CUK) are losing steam this year. The cruise company has made a real comeback, and investors no longer see it as a big story. It's now just a regular, slow-growth company trying to generate higher demand, but carrying a huge new load of debt.
But is that all there is left to Carnival's story? The stock is up 37% this year, still outpacing the S 500, but it's down 38% over the past three months. Does that spell opportunity? Here's what to look for if you're considering buying Carnival stock.
Part of what made Carnival an exciting stock to invest in as it made its recovery is the incredible opportunity to return to revenue growth. After it completely stalled when there were no operations, the assumption was that it would be able to return to making money at pre-pandemic levels.
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 13.32 € for Carnival plc, so the potential is actually -2.4%.
