Carnival Corp CCL is charting a multi-year growth path and JPMorgan analyst Matthew R. Boss sees the cruise giant setting sail for stronger returns in 2025 and beyond.
Carnival Corporation benefits from a strong resurgence in cruise travel demand, particularly in the US and Europe, driving record bookings and yield growth. CCL's FY24 performance showcased robust revenue growth and high booking visibility, with exclusive destinations enhancing competitive advantage and premium pricing. Effective deleveraging has reduced CCL's net debt significantly, improving financial flexibility and lowering interest expenses, supporting further growth and investment.
Carnival Corporation, The Walt Disney, Dolby Laboratories, Royal Caribbean Cruises and Ralph Lauren are included in this Analyst Blog.
Discretionary stocks like CCL, DIS, DLB, RCL and RL are likely to benefit from slowing inflation.
CCL stock benefits from robust booking trends and the growing demand market. Here are the other factors affecting the stock's uptrend moving into 2025.
Carnival (CCL) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
Carnival Co. & plc NYSE: CCL is the world's largest cruise ship operator with a portfolio of nine cruise line brands. The consumer discretionary sector leader owns some of the most recognized brands, such as Carnival Cruise Lines, Princess Cruises, Holland America, Seabourn, Costa Cruises, AIDA Cruises, P&O Cruises, and Cunard Line.
Carnival (CCL 0.37%) (CUK 0.23%) stock has moved on from its one-time meme status and has beat the market squarely for two years in a row -- up 130% in 2023 and following that up with a 34% gain in 2024.
Cruise ship operator Carnival (CCL 1.43%) is coming off a strong year in 2024 where its share price rose by 34%. The company delivered impressive numbers as demand was through the roof, enabling the business to post record numbers and return to profitability, giving investors plenty of reasons to be bullish on the stock.
Investors have been primarily focused on technology stocks in areas such as artificial intelligence (AI), high-performance computing (HPC), and renewable and nuclear energy. However, other sectors offer compelling opportunities for those seeking a more diversified portfolio.
Investors interested in Leisure and Recreation Services stocks are likely familiar with Carnival (CCL) and Viad (PRSU). But which of these two stocks is more attractive to value investors?
Carnival (CCL) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean a trend reversal for the stock in the near term.