3 Unexpected Reasons for Investors to Buy Carnival Stock
Carnival Corp (NYSE: CCL), with 43% of all world cruise passenger traffic, is the market leader, well ahead of cruise line companies like Royal Caribbean and Norwegian Cruise Line Holdings.
Given the company's shutdown during the pandemic and its struggles to return to full capacity and profitability since then, investors may wonder whether industry leadership is enough to make the stock a buy. Nonetheless, three unexpected factors could position Carnival Cruise stock to drive investor returns.
One bright spot for the company is the record number of passenger bookings. Although Carnival's recovery isn't a surprise, some of the results may not have been expected.
Source Fool.com
Carnival plc Stock
€16.20
4.620%
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 16.2 € for Carnival plc, so the potential is actually -13.58%.
