3 Reasons to Buy Carnival After a Breakthrough Quarter
Wall Street wasn't impressed by the fiscal third-quarter results that Carnival Corp. (NYSE: CCL) posted on Friday morning. Shares of the world's largest cruise-line operator have retreated in each of the two trading days since serving up its fresh financials.
The reaction doesn't seem fair, because there's a lot to like in Carnival's historically significant performance for its summertime quarter covering the three months that ended in August. Carnival is coasting along, even if its stock has been drifting after an initially hot start in 2023.
The following chart shows how Carnival's results broke down in the quarter. Let's start there before digging into the reasons that now might be the right time to book a sailing on the stock itself.
Source Fool.com
Carnival plc Stock
The community is currently still undecided about Carnival plc with 1 Buy predictions and 0 Sell predictions.
On the other hand, the target price of 14 € is below the current price of 14.54 € for Carnival plc, so the potential is actually -3.71%.
