(NYSE: CCL)(NYSE: CUK) made a huge comeback last year, and its stock reflected that, closing out 2023 with a 130% gain.

That gain hasn't continued into 2024. Carnival stock dipped 20% this year. But this is all short-term. If you buy Carnival stock, you should be thinking about the long term. Where could Carnival stock be in 10 years?

So much of Carnival's fortunes over the past four years have been dictated by trends related to the pandemic. But revenue hit an all-time high in 2023, and Carnival finally reported a quarterly net profit. Its stock reacted in kind, and Carnival is officially back to normal growth.

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Source Fool.com