Better Cruise Line Stock: Carnival vs. Royal Caribbean Cruises
The cruise industry has become one of the great post-pandemic comeback stories. The COVID-19 contagion forced this industry to shut down for over a year, leaving it without a significant revenue source during that time and causing an extended period of lower revenue as it relaunched.
Today, bookings are at an all-time high for the top two cruise line companies, Carnival (NYSE: CCL) and Royal Caribbean Cruises (NYSE: RCL). However, that factor may leave investors wondering which cruise line stock has the potential for higher returns.
Carnival is the largest cruise line. According to Cruise Market Watch, it claims around 43% of all passenger bookings in the industry. Along with the Carnival brand, it also owns lines such as Princess, Holland America, and Cunard.
Source Fool.com
Carnival plc Stock
With 0 Sell predictions and 1 Buy predictions the community sentiment towards the Carnival plc stock is not clear.
As a result the target price of 13 € shows a slightly positive potential of 3.3% compared to the current price of 12.59 € for Carnival plc.
