What's Going On With Carnival Stock?
Portfolio Pulse from Erica Kollmann
Carnival Corporation (NYSE:CCL) shares surged after the company reported better-than-expected Q2 results, driven by strong bookings and record booking volumes for 2025. The stock is trading above its 50-day moving average and is nearing its 52-week high. Analysts are bullish with an average 1-year price target of $22.45.
June 26, 2024 | 3:15 pm
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POSITIVE IMPACT
Carnival Corporation shares surged after the company reported better-than-expected Q2 results, driven by strong bookings and record booking volumes for 2025. The stock is trading above its 50-day moving average and is nearing its 52-week high. Analysts are bullish with an average 1-year price target of $22.45.
Carnival's strong Q2 results, driven by record bookings and higher-than-expected financial metrics, have led to a positive market reaction. The stock is trading above its 50-day moving average and is close to its 52-week high. Analysts' bullish ratings and high price targets further support a positive short-term outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100