Where Will Carnival Stock Be in 5 Years?
(NYSE: CCL)(NYSE: CUK) stock has made a huge recovery since almost sinking, and every year since its rebound is getting better. In 2023 it achieved record revenue, and in fiscal 2024 (ended Nov. 30), revenue went even higher, and Carnival returned to profitability.
Management and Wall Street alike are looking forward to even better news in 2025. Let's see where Carnival could be in five years from now.
Carnival has become a real turnaround stock. Unlike other such stocks, it had a lot going for it beforehand but was facing unprecedented challenges for its business. It wasn't a young and untested company but an industry-leading giant, which made the turnaround potential more likely. That has proven to be the case now, as people go back to booking its global cruises and it navigates back to the top successfully.
Source Fool.com
