Should Investors Still Buy Carnival Cruise Stock Right Now, Even After Shares Doubled?
Famous cruise line Carnival Corporation (NYSE: CCL) has been a hot stock over the past year. Shares have nearly doubled. Investors buying the stock as a play on recovering consumer spending following the pandemic were proven right by the market.
But now it could be time to lock in profits and say goodbye to Carnival stock.
The company has done an admirable job of bouncing back to pre-pandemic top-line performance, but the pandemic's impact on the business has deteriorated Carnival's earning power.
Source Fool.com
Carnival plc Stock
€14.72
1.980%
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 14.72 € for Carnival plc, so the potential is actually -4.86%.
