Is Carnival Cruise Lines a good investment right now?

Out of 15 analysts, 9 (60%) are recommending CCL as a Strong Buy, 2 (13.33%) are recommending CCL as a Buy, 3 (20%) are recommending CCL as a Hold, 0 (0%) are recommending CCL as a Sell, and 1 (6.67%) are recommending CCL as a Strong Sell. If you're new to stock investing, here's how to buy Carnival stock.



People Also Ask

Stock Price Forecast The 18 analysts offering 12-month price forecasts for Carnival Corp have a median target of 19.00, with a high estimate of 25.00 and a low estimate of 10.18. The median estimate represents a +49.14% increase from the last price of 12.74.

MORE DETAILS

Key Takeaways. Carnival Corporation posted record revenue and its first quarterly profit since 2020, thanks to a surge in bookings as the post-pandemic travel boom continued unabated. Net income came in at $1.07 billion, or 79 cents per share, which exceeded estimates of 73 cents.

MORE DETAILS

A full recovery in the stock isn't likely to happen But given its debt burden and the significant increase in outstanding shares needed to keep it going during the pandemic, I don't see a path for that to happen. The share dilution will remain a headwind for a full recovery in the stock price.

MORE DETAILS

Cruise giant Carnival was hit hard during the worst of the pandemic. Now, a top Wall Street analyst has issued a dire potential outlook for the company in the case of recession. Morgan Stanley's Jamie Rollo outlined a worse-case scenario: Carnival stock could fall to $0 in the event of a global economic downturn.

MORE DETAILS

After gloomy performances during the pandemic, cruise stocks look poised to deliver gains for investors. Battered comps from slow travel make it easier for cruise stocks to achieve triple-digit year-over-year revenue growth. And some cruise companies have already reported that type of growth.

MORE DETAILS

Market pros have also been inching their price targets higher for Royal Caribbean and Norwegian. It's not a surprise. The revenge travel surge that helped lift most travel and tourism stocks in 2021 and 2022 is finally coming around to raise the water for cruise line stocks in 2023.

MORE DETAILS