Wall Street Analyst's View on Carnival Stock: Is It a Buy?
Carnival's Price Target Cut with Buy Rating Intact
A recent accident will impact Carnival's financials; however, overall performance remains strong. CFRA Research analyst maintains buy recommendation despite reducing price target to $19 per share from $23, indicating potential 17% upside. Other analysts followed suit post the company's Q1 earnings release, highlighting robust revenue growth despite challenges.
Carnival's Resilience Amidst Challenges
The collapse of the Francis Scott Key Bridge affected Carnival's earnings projections for 2024, with estimates of $10 million impact on non-GAAP earnings. Despite this setback, the company's strong revenue performance and strategic positioning in the travel industry present a compelling investment case.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.