CCL Stock Recent News
CCL LATEST HEADLINES
Goldman Sachs analyst Lizzie Dove reiterated a price forecast of $35 and a Buy rating on the shares of Carnival Corp CCL and provided the following comments about its recently concluded investor event.
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 has gained +40% since my first article, where I highlighted that 60% upside was possible due to FCF growth and debt repayment. The basis of the analysis is the relationship between Enterprise Value and Market Cap, with debt repayment expected to transfer value from bondholders back to shareholders. Carnival generated more FCF than I expected in FY '24, which is a positive tailwind for future years. My updated forecast sees no issue in terms of debt repayment.
Recent data from the United Nations suggests the world will have 1.6 billion people over the age of 65 in 2050. In comparison, the number stands at 800 million only at writing.
Queen Anne is the company's first new ship in 14 years VALENCIA, Calif. , Jan. 18, 2025 /PRNewswire/ -- Today, Cunard's highly anticipated new ship, Queen Anne marked her North American debut as she arrived in New York on her maiden call from Southampton, England.
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.