Where Will Carnival Stock Be in 1 Year?
's (NYSE: CCL) stock plunged nearly 50% over the past 12 months as the cruise line operator's long-awaited post-pandemic recovery was challenged by inflation, its exit from Russia, and other macroeconomic headwinds.
However, that sell-off has also reduced its enterprise value to just 2 times this year's sales and 10 times its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA). Could Carnival be a good turnaround play for patient investors?
Let's review its past struggles and see where its stock might be headed over the next 12 months.
Source Fool.com
Carnival plc Stock
€13.38
-0.260%
With 0 Sell predictions and 1 Buy predictions the community sentiment towards the Carnival plc stock is not clear.
However, we have a potential of -2.8% for Carnival plc as the target price of 13 € is below the current price of 13.38 €.
