CUKPF - Carnival Corporation: Underappreciated In The Rebounding Travel Industry
2024-07-18 08:07:36 ET
Summary
- Like most tourism-oriented companies, Carnival stock has performed well since 2023; however, it is still undervalued in the market, with a target price of $25.18.
- Carnival is in an unrivaled position within the cruise industry, and recent announcements show that management only expects this to continue.
- The main risks to Carnival surround its bottom line, but these have clear mitigants, and the company should be able to operate with this strength for the foreseeable future.
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Carnival Corporation: Underappreciated In The Rebounding Travel Industry