Carnival Corp. (CCL) has been the subject of extensive discussions across financial markets. Factors such as its
record booking volumes and Q1 revenues, alongside
ratings upgrades, implicate a strong recovery. However, a considerable
debt pile is still an overhanging concern for the company. There have been suggestions that buying Carnival stock now could be a
once-in-a-generation investment opportunity, while others question if it's too late to join the rally.
Wall Street analysts believe there's both an upside potential (~54% per one analyst), and a risk for the stock to dip to $19.
Janney Montgomery Scott LLC and
Dimensional Fund Advisors LP performed significant transactions with CCL shares. Key financial events include a smaller-than-expected Q1 loss, a
new cruise ship order for 2027, and a profit report for the first time since the pandemic. There were also fluctuations such as an 11% decrease in January and a 31% increase in November. Analysts also debate whether CCL or
Royal Caribbean (RCL) would make a better summer buy. There are expectations for strong profitability in 2024, further bolstered by an optimistic 2024 outlook. While the efficacy of Carnival's debt management is questioned, many believe that there are sound reasons to buy the stock, even with its recent success.
Carnival Stocks CCL News Analytics from Fri, 29 Sep 2023 07:00:00 GMT to Sun, 26 May 2024 10:54:31 GMT -
Rating 8
- Innovation 4
- Information 7
- Rumor -3
