Carnival Stock Has 29% Upside, According to 1 Wall Street Analyst
Conflict and piracy in and around the Red Sea have thrown a monkey wrench into the travel plans of cruise ship companies that operate there. Carnival Corp. (NYSE: CCL), in particular, suffered a minor setback on Monday, when analysts at Susquehanna International Group said they would tweak their price target lower, to $22 per share. As the analyst explained in a note covered on TheFly.com, "certain itineraries" around the Red Sea have been rerouted, and others canceled outright.
Despite this setback, Susquehanna's $22 price target still implies that Carnival stock will gain about 29% over the next year -- not bad for a stock that already nearly doubled over the last year.
Susquehanna's note focuses on the short-term implications of Red Sea events for Carnival's Q1 earnings results, tempering optimism about the company's performance during the upcoming "2024 Wave Season" -- i.e. "Summer," or "Q3" to investors. But the story surrounding this cruise line stock's comeback is a whole lot bigger than just one quarter.
Source Fool.com
Carnival plc Aktie
Noch kein Trend absehbar bei Carnival plc mit nur einigen Einschätzungen.
Für Carnival plc ergibt sich ein Potenzial von -3.01%, obwohl das Kursziel von 14 € den aktuellen Kurs von 14.44 € unterschreitet.
