Amid record bookings, larger cruise ships, and more guests aboard, Carnival Corporation (NYSE: CCL)(NYSE: CUK) stock is down 78% from its January 2018 all-time high north of $72 a share.

Sure, the stock has rallied from the lows of last October, but this is just the beginning. With robust and persistent demand for Carnival's cruises and the company's progress toward profitability, I think Carnival stock still offers plenty of upside potential for long-term investors.

Here are three reasons why I'm bullish on this cruise line stock.

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Source Fool.com