Why I'm Still Bullish on Carnival Stock
Inching closer to profitability each quarter, Carnival Corporation's (NYSE: CCL)(NYSE: CUK) impressive recovery is due to a "phenomenal" booking season that started in November of last year. During the company's earnings call in late June, CEO Josh Weinstein marveled at how this year's wave season was still "going strong midway through the year."
While the company celebrates recent successes, its stock trades more than 75% below its January 2019 all-time high. Here are three reasons why I'm still bullish on this cruise line stock.
Weinstein explained how "strengthened demand delivered outperformance in the second quarter for revenue, adjusted EBITDA, and the bottom line." Carnival's revenue landed at a new all-time second-quarter record of $4.9 billion.
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 13.28 € for Carnival plc, so the potential is actually -2.11%.
