Is Carnival Stock a Buy Now?
(NYSE: CCL)(NYSE: CUK) has lifted itself up from rock bottom to surpass previous sales records and keep growing. It's been a long and dramatic journey, and there are parts of it that will remain for the foreseeable future. Let's see where this leading cruise line is going, why the pandemic impact still lingers, and whether it's worth investing in.
Carnival has made a stunning comeback after cancelled cruises sunk revenue to zero. It got meme stock status as retail investors bet on its chances, but it's now demonstrated that it's more than a meme as it steers itself back to growth.
This recovery has been in progress for a while, but it was sustained in the 2023 second quarter as the company posted record revenue of $4.9 billion. Demand continued to accelerate, and Carnival had record quarterly bookings, up from last quarter's record. Customer deposits reached a record $7.2 billion, 26% more than last quarter, and cash from operations was $1.1 billion, positive for the second consecutive quarter.
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 13.3 € for Carnival plc, so the potential is actually -2.26%.
