Norwegian Cruise Line Stock Is Beaten Down Now, but It Could 10X
Cruise line stocks stormed back into investor fancy earlier this year, but they have corrected sharply since their summertime highs. Norwegian Cruise Line (NYSE: NCLH) stock is now down 36% since hitting a high-water mark in late July.
Its larger publicly traded peers have held up better. Carnival Corp. and Royal Caribbean Cruises are down just 24% and 7% respectively from their summer peaks. Norwegian has come through with a 22% stock increase in 2023, but Royal Caribbean shareholders have seen their shares more than double this year.
There are some legit reasons for Norwegian being a laggard among its fellow seafarers, but there's also a case to be made for it leading the way from here. The country's third-largest cruise ship operator can pop tenfold in the coming years if it catches the right waves along the way. Let's hop aboard to take a closer look.
Source Fool.com
