Compared to the current market price of 12.5 USD, Carnival Corp is Undervalued by 63%.
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Stock Price ForecastThe 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.
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.
Key Growth DriversShares 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.
Carnival (NYSE: CCL) is owned by 50.02% institutional shareholders, 35.60% Carnival insiders, and 14.38% retail investors. Micky Meir Arison is the largest individual Carnival shareholder, owning 182.46M shares representing 13.97% of the company. Micky Meir Arison's Carnival shares are currently valued at $2.29B.
Buying at least 100 shares has a notable shareholder benefit. Shareholders with this many shares can receive an onboard credit of $50 to $250 per stateroom on sailings through July 31, 2024, for reservations made by Feb. 28, 2024.