Is CCL a buy or sell?

18 Wall Street research analysts have issued buy, hold, and sell ratings for Carnival Co. & in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 15 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should moderate buy CCL shares.



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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.

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Compared to the current market price of 12.5 USD, Carnival Corp is Undervalued by 63%.

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The company's debt levels are increasing at alarming rates, which is creating too high interest expenses that will need to be met at the end of each period. Furthermore, cash from operations remains in negative territory and shares are diluting very fast.

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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.

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Carnival Corp. (CCL 8.53%) and its smaller peers are profitable again, and back at pre-pandemic performance levels in some key metrics. However, cruise line stocks have pulled back sharply from their recent summertime highs.

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Carnival Corporation stock (symbol: CCL) underwent a total of 2 stock splits.

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According to the latest long-term forecast, Carnival price will hit $20 by the end of 2024 and then $25 by the middle of 2027. Carnival will rise to $30 within the year of 2028, $35 in 2029, $40 in 2032 and $45 in 2035.

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CLIA forecasts passenger numbers will not only meet but exceed pre-pandemic levels by the end of 2023. And according to Cruise Industry News' cruise ship orderbook for ocean-going vessels, nearly 40 new ships are lined up to debut this year alone, with more than 75 vessels on order through 2027.

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