Carnival Corporation (CCL) Stock Surges as Q3 Earnings Beat Expectations: Analysts Raise Price Targets
TLDR:
- Citigroup upgraded Norwegian Cruise Line and put Royal Caribbean on a “90 day positive catalyst” watch.
- Carnival reported record Q3 2024 earnings with revenues reaching nearly $8 billion.
- Analysts have raised price targets for Carnival stock, with Citi increasing to $28 from $25.
- Carnival’s 2025 bookings are outpacing the previous year’s record with higher prices.
- Lower interest rates could potentially benefit Carnival by allowing debt refinancing and boosting consumer spending.
Carnival Corporation, the world’s largest cruise operator, is making waves in the financial world with its recent record-breaking performance and a series of positive analyst reports.
The company’s third-quarter results for fiscal year 2024 have…
