Is CCL a strong buy?

This is based on 12 Wall Streets Analysts 12-month price targets, issued in the past 3 months. The highest analyst price target is $23.00 ,the lowest forecast is $14.00. The average price target represents 40.91% Increase from the current price of $13.03. Carnival's analyst rating consensus is a Strong Buy.



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

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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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Royal Caribbean has a conensus rating of Moderate Buy which is based on 9 buy ratings, 4 hold ratings and 0 sell ratings. The average price target for Royal Caribbean is $124.54. This is based on 13 Wall Streets Analysts 12-month price targets, issued in the past 3 months.

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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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Key Growth Drivers Shares of Carnival have gained 112.9% in the past six months compared with the industry's 26.7% growth. The company has been benefiting from solid demand for cruising, strong pricing environment and capacity-generation initiatives.

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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.

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