Carnival Stock Forecast 2024: Carnival Corporation & plc operates as a leisure travel company. Its ships visit approximately 700 ports under the Carnival Cruise Line, Princess Cruises, Holland America Line, P&O Cruises (Australia), Seabourn, Costa Cruises, AIDA Cruises, P&O Cruises (UK), and Cunard brand names.
Carnival Corporation
The company also provides port destinations and other services, as well as owns and owns and operates hotels, lodges, glass-domed railcars, and motor coaches. It sells its cruises primarily through travel agents, tour operators, vacation planners, and websites. The company operates in the United States, Canada, Continental Europe, the United Kingdom, Australia, New Zealand, Asia, and internationally. It operates 87 ships with 223,000 lower berths. Carnival Corporation & plc was founded in 1972 and is headquartered in Miami, Florida.
Support, Risk & Stop-loss for Carnival stock
On the downside, the stock finds support just below today’s level from accumulated volume at $13.72 and $12.74. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Carnival finds support just below today’s level at $13.72. If this is broken, then the next support from accumulated volume will be at $12.74 and $12.26.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be “high risk”. During the last day, the stock moved $0.450 between high and low, or 3.09%. For the last week, the stock has had daily average volatility of 3.59%.
The Carnival stock is overbought on RSI14 and the RSI has been falling for the last couple of days. This together with the fact that the stock is in the upper part of the trend poses a possible good selling opportunity for the short-term trader. However, one should note that some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
CCL Financial Forecast
CCL Earnings Forecast
CCL Financial Forecast: Next quarter’s earnings estimate for CCL is -$0.14 with a range of -$0.16 to -$0.10. The previous quarter’s EPS was $0.86. CCL beat its EPS estimate 100.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 62.85% of the time in the same period. In the last calendar year CCL has Outperformed its overall industry.
CCL Sales Forecast
CCL Financial Forecast: Next quarter’s sales forecast for CCL is $5.27B with a range of $5.19B to $5.43B. The previous quarter’s sales results were $6.85B. CCL beat its sales estimates 75.00% of the time in past 12 months, while its overall industry beat sales estimates 59.40% of the time in the same period. In the last calendar year CCL has Outperformed its overall industry.
CCL Analyst Recommendation Trends
CCL Financial Forecast: In the current month, CCL has received 0 Buy ratings 0 Hold ratings, and 0 Sell ratings. The CCL average analyst price target in the past 3 months is $18.27
Carnival Corporation Stock (CCL) Forecast
The Carnival Corporation (CCL) stock price forecast for the next 12 months is generally negative, with an average analyst price target of $8.2570, representing a -43.33% increase from the current price of $14.57. The highest analyst price target is $16.46, and the lowest is $0.0550. Based on our technical indicators, the current sentiment is Bullish and CCL could hit $14.84 in 2024. This might be a good time to open fresh positions on CCL, as trading bullish markets is always a lot easier.
Note: Our forecast model does not currently account for dividend and stock split events. This means that our forecast may not be accurate for stocks that have recently experienced either of these events.
Long-term CCL price forecast for 2025, 2030, 2035, 2040, 2045 and 2050
Our analysts are offering long term price forecasts for Carnival Corp. In 2050, the median target price for CCL is $81.92, with a high estimate of $100.36 and a low estimate of $83.75. The median estimate represents a +462.23% increase from the last price of $14.57. Below is our long term CCL Price forecast table with detailed price target for each year.
| Year | Average | Low | High | Change from price |
| 2023 | $2.156 | $1.876 | $19.55 | -85.20% |
| 2024 | $5.5229 | $0.055 | $14.84 | -62.09% |
| 2025 | $18.03 | $3.3209 | $24.06 | +23.74% |
| 2026 | $2.8813 | $0.7217 | $18.27 | -80.22% |
| 2027 | $11.82 | $0.6372 | $11.98 | -18.85% |
| 2028 | $3.4155 | $3.7105 | $11.62 | -76.56% |
| 2029 | $33.39 | $0.1224 | $41.81 | +129.14% |
| 2030 | $47.65 | $26.15 | $41.17 | +227.04% |
| 2035 | $77.85 | $7.8392 | $87.40 | +434.34% |
| 2040 | $131.34 | $19.03 | $132.98 | +801.43% |
| 2045 | $44.54 | $45.55 | $72.53 | +205.70% |
| 2050 | $81.92 | $83.75 | $100.36 | +462.23% |
Carnival Corporation Stock Year-by-Year Forecast
Carnival Corporation Stock Price Forecast for 2024 I CCL price forecast 2024
For Carnival Corporation Stock (CCL) price forecast for 2024, the average price target for Carnival Corporation Stock is $7.45 with a high forecast of $14.84 and a low forecast of $0.055. The average CCL price prediction of 2024 represents a -62.09% decrease from the last price of $14.57.
Carnival Corporation Stock Price Forecast for 2025 I CCL price forecast 2025
Carnival Corporation Stock (CCL) is expected to reach an average price of $13.69 in 2025, with a high prediction of $24.06 and a low estimate of $3.3209. This indicates a +23.74% rise from the last recorded price of $14.57. The Carnival stock prediction for 2025 is currently $ 12.58, assuming that Carnival shares will continue growing at the average yearly rate as they did in the last 10 years. This would represent a -13.65% increase in the CCL stock price.
Carnival Corporation Stock Price Forecast for 2026 I CCL price forecast 2026
The 2026 price forecast for Carnival Corporation Stock (CCL) stands at an average of $9.4935. Projections range from a high of $18.27 to a low of $0.7217, signifying an -80.22% decrease from the previous price of $14.57.
Carnival Corp. Stock Price Forecast for 2027 I CCL price forecast 2027
For 2027, the average price target for Carnival Corporation Stock (CCL) is $6.3098, with a high forecast of $11.98 and a low forecast of $0.6372. This indicates an -18.85% decrease from the last price of $14.57.
Carnival Corporation Stock Price Forecast for 2028 I CCL price forecast 2028
Carnival Corporation Stock (CCL) is estimated to achieve an average price of $7.6645 in 2028, with a high projection of $11.62 and a low estimate of $3.7105. This suggests an -76.56% fall from the preceding price of $14.57.
Carnival Corp. Stock Price Forecast for 2029 I CCL price forecast 2029
The 2029 price forecast for Carnival Corporation Stock (CCL) is $20.97 on average, with a high prediction of $41.81 and a low estimate of $0.1224. This represents a +129.14% increase from the previous price of $14.57.
Carnival Corp. Stock Price Forecast for 2030 I CCL price forecast 2030
Carnival Corporation Stock (CCL) is expected to reach an average price of $33.66 in 2030, with a high forecast of $41.17 and a low forecast of $26.15. This signifies a +227.04% surge from the last price of $14.57. In 2030, the Carnival stock will reach $ 8.72 if it maintains its current 10-year average growth rate. If this Carnival stock prediction for 2030 materializes, CCL stock will grow -40.18% from its current price.
Carnival Stock vs Baby Dogecoin Stock: DOGE and its son BABYDOGE have garnered wide popularity and adoption in the race of hundreds of dog-themed coins. Especially Dogefather Elon Musk support and tweets like “BabyDoge doo doo..” have been major drivers for the price of both cryptos.
3 Reasons to Sell Carnival Stock in 2024
2023 is finally over, closing the chapter on a financially brutal year that sent Carnival (CCL -1.49%) stock down over 60%. But 2024 looks like it will be just as challenging for the embattled cruise ship operator. Let’s discuss some reasons why investors may want to stay far away from this sinking company.
The Recovery Is Incomplete
The COVID-19 pandemic battered the cruise industry through movement restrictions and a no-sail order that grounded operations for much of 2020 and 2021. Now that the worst of the crisis is over, Carnival benefits from easy comparisons against these prior periods. Financial results for the company’s fiscal fourth quarter highlight the recovery.
Revenue jumped almost 200% year over year to $3.84 billion. But while that number sounds great on the surface, it is still down substantially from the $4.8 billion reported before the pandemic in 2019. Unlike other hard-hit industries (hotels, for example), which have surpassed previous highs, the cruise industry remains muted. This is despite steps by Carnival and its peers to remove most of their remaining testing and vaccine requirements for most voyages.
According to research cited by CNBC, the global cruise industry won’t return to pre-pandemic levels until 2027 because of lingering pandemic aftershocks, especially in China and Europe. This is bad news for Carnival as it struggles to generate cash flow to service its mountain of debt.
Debt Is Out Of Control
In fiscal 2022, Carnival generated an operating loss of roughly $4.4 billion. To be fair, that’s a significant decline from the $7 billion lost in 2021. But operations were grounded for much of the previous year. Now, the problem is weak margins. Carnival faces higher fuel costs, wages, and other headwinds because of inflation. The losses will make it harder for the company to manage its massive debt load.
As of the end of the fiscal year, Carnival reports a staggering $31.9 billion in long-term debt, most of it gained as it struggled to stay afloat during the pandemic. These liabilities will have to be paid back, and, in the meantime they generate significant interest expense – a sum that totaled $1.6 billion in 2022.
Investors should expect debt servicing costs to go up as rising rates increase the coupons on Carnival’s variable-rate debt while making it more expensive for the company to raise additional financing.
Not As Cheap As It Looks
After its substantial drop in 2022, investors can be forgiven for thinking Carnival Corporation is now a cheap stock. Its market capitalization of $10.5 billion gives it a price-to-sales multiple of just 0.9, which is lower than the S&P 500 average of 2.3. But when you buy a company, you get its debt along with its equity — a calculation called the enterprise value.
With an enterprise value of over $40 billion, massive interest expense, and no operational cash flow, Carnival looks very expensive for the amount of risk it carries. Investors should avoid the stock because of the possibility of continued declines in 2023.
Carnival Stock vs Walmart Stock: Walmart Shares of retailer Walmart jumped 6.54% after reporting quarterly earnings that beat Wall Street’s expectations and raising its forward guidance. The company reported adjusted earnings per share of $1.50 on $152.81 billion in revenue, where analysts expected adjusted earnings per share of $1.32 and $147.75 billion in revenue, per Refinitiv.
Facts To Know About Carnival Corporation Before Investing
Carnival Corporation: More Compelling, Still Not Getting Onboard
- Carnival Corporation shares have fallen by a third since July despite delivering on promises and narrowing operating losses.
- Revenues have recovered, but the company has dug a huge hole in terms of massive shareholder dilution and leverage taken on the balance sheet in recent years.
- The risk-reward for Carnival shares is better now, but the company is still breaking even at best and faces potential challenges if demand retreats.
- I am The Value Investor. I’ve been researching financial markets for 10+ years using major business events as an indicator of future performance. I run the investing group Value In Corporate Events
Carnival Corporation: Dissecting The Just Released Quarterly Report And More
- Carnival Corporation & plc’s fiscal Q3 2023 earnings broke a streak of quarterly losses, showing signs of recovery from the impact of COVID-19.
- New bookings are reaching record highs, and the company is expanding capacity and reducing fuel costs per passenger.
- The aging population and strong demand for cruises among Millennials and Gen-Xers suggest a positive outlook for the cruise industry.
- I am Chuck Walston. I have been a retail investor for 20+ years and mainly focus on dividends. I am a contributor to the investing group The Dividend Kings where we teach how to invest more wisely in dividend stocks.
Carnival Corporation: Big Q3 Coming Up
- Carnival Corporation & plc is expected to report a strong quarter with a forecasted large profit after years of massive losses.
- Carnival is focused on reducing its debt, with plans to repay $8 billion in the next 3 years based on strong cash flows.
- The stock is cheap at 10x EV/EBITDA targets and with expectations for EPS to regain $2+ in the next few years.
- I am Mark Holder (aka Stone Fox Capital), a CPA with degrees in Accounting and Finance. I lead the investing group Outfox The Street, where I attempt to uncover potential multibaggers while managing portfolio risk via diversification.
Carnival Corporation: Continued Growth Expected
- Carnival Corporation & plc’s stock price might have dropped in recent months, but its fundamentals are only getting better.
- The company’s Q3 2023 results are expected to show improved occupancy rates, revenue growth, and possibly a positive net adjusted income.
- Even conservative forward revenue estimates indicate that there’s a small upside to the stock right now, and its medium-term prospects still look good.
- I am Manika Premsingh, an investment researcher, writer, and macroeconomist. I focus on converting big-picture trends into actionable investment ideas. I am a contributor for Green Growth Giants where we share ideas on investing in the fast-growing green economy.
Carnival Corporation: I Folded Early But There Are Still Concerns
- In the last 3 months, Carnival Corporation stock has lost nearly 6% compared to the market’s 0.50% gain.
- The company’s debt level has slightly improved but remains a major concern, with debt increasing 226% in the last 5 years.
- Earnings and revenue revisions for CCL have been trending upward, but the stock is still overvalued and not recommended for new investments.
Carnival Corporation: Appears Expensive Relative To Peers, Wait For A Better Entry Point
- Carnival Corporation is experiencing a strong recovery in passenger numbers and is seeing record bookings.
- The cruise line industry is benefiting from high demand for ocean-going cruises, leading to robust growth in passengers and pricing strength for cruises.
- CCL has raised its adjusted EBITDA outlook for FY 2023 due to booming demand.
- A high valuation based off of P/E, relative to rivals, and a high debt burden translate into a hold rating.
Carnival Stock vs Starbucks Stock: Shares of Starbucks (SBUX -0.82%) and Carnival (CCL -2.61%) have both struggled across 2022’s trading. Against a backdrop of bearish pressures impacting the overall market and business-specific challenges, the coffee giant’s stock is down roughly 26% year to date, and the cruise operator’s around 51%.
10 Carnival Corporation Cruise Line Stock Benefits and Tips
Today we’re going to go over some of the pros and cons of this investment option. We will also cover some tips and strategies to make the most out of your investment, such as when to buy and sell and how many shares to buy at once.
Do Your Research
This article will provide you a solid general understanding of the cruise line stock market. Ultimately, however, it is your decision whether to invest at a given time.
Be Prepared for Turbulence
Historically, Carnival cruise stock options have fluctuated pretty regularly. In the long-term, however, these stocks have continued to rise in value, and many cruise stock investors have netted some solid returns.
How to Buy Cruise Line Stocks
While many people choose to hire a stockbroker, there are other services you can use on your own time. One place you can look to start investing is with your current bank or credit union.
A Breakdown of Onboard Credits
OBCs are issued at a rate of one credit per cabin per 100 shares. That means that you’ll need to buy-in with at least 100 shares is you want to start accumulating onboard credits.
Taking Advantage of Your Investor OBC
If you want to reap the benefits of your OBC, you’ll want to make sure to let your cruise line know that you are a shareholder. This requires that you submit a copy of your brokerage statement as much as three weeks before sailing.
What Can You Use Your OBC For?
You can use your OBC to pay for almost anything offered on the cruise, including food, drinks, and massages. The better way to answer this question is to say what you can’t use your OBC for.
Saving Up Money to Invest
Cruise line stocks are not cheap, and if you want to get the most Carnival cruise line stock benefits, you’ll probably want to buy at least 100 shares. The exact amount to invest varies between cruise lines and what the price happens to be at a given time.
Predicting the Rise and Fall of Cruise Line Stocks
Cruise lines depend on ticket sales to stay “afloat,” so to speak. Even if we lived in a world where we had perfect weather forecast predictions months in advance, it could still be difficult to know when people are going to buy tickets to go on cruises.
Understanding Carnival’s Investments
A smart investor does not operate on an island of her own. If you want to be successful at investing, you need to pay attention to what your investments are investing in. Yes, you read that right. Carnival is a company just like any other, and they are constantly looking to attract new customers and expand their available trips.
Understanding Carnival Cruise Line Stock Metrics
If you invest in Carnival cruise line stocks, you will receive reports from the company on some different metrics. Understanding these in advance can help you to play your investments smarter.
Carnival Stock vs Uber Stock: The historical evolution of the SCVL and UBER AI Scores can be useful to analyze the correlation of the scores with the actual performance of the stocks. Comparing the SCVL and UBER AI Scores evolution can also help understand their market momentum.
Carnival Stock Forecast 2024, Frequently Asked Questions (FAQs)
What is the Carnival stock forecast?
The Carnival stock forecast for tomorrow is $ 14.00, which would represent a -3.90% loss compared to the current price. In the next week, the price of CCL is expected to decrease by -4.38% and hit $ 13.93.
As far as the long-term Carnival stock forecast is concerned, here’s what our predictions are currently suggesting. These predictions are based on the 10-year average growth of CCL.
1. Carnival stock prediction for 1 year from now: $ 17.39 (19.35%)
2. Carnival stock forecast for 2025: $ 12.58 (-13.65%)
3. Carnival stock prediction for 2030: $ 8.72 (-40.18%)
What is the Carnival stock prediction for 2025?
According to our Carnival stock prediction for 2025, CCL stock will be priced at $ 12.58 in 2025. This forecast is based on the stock’s average growth over the past 10 years.
What is the Carnival stock prediction for 2030?
According to our Carnival stock prediction for 2030, CCL stock will be priced at $ 8.72 in 2030. This forecast is based on the stock’s average growth over the past 10 years.
Will Carnival stock reach $100?
Carnival stock would need to gain 586.34% to reach $100. According to our Carnival stock forecast, the price of Carnival stock will not reach $100. The highest expected price our algorithm estimates is $ 19.58 by Oct 15, 2024.
Will Carnival stock reach $500?
Carnival stock would need to gain 3,331.71% to reach $500. According to our Carnival stock forecast, the price of Carnival stock will not reach $500. The highest expected price our algorithm estimates is $ 19.58 by Oct 15, 2024.
Will Carnival stock reach $1,000?
Carnival stock would need to gain 6,763.42% to reach $1,000. According to our Carnival stock forecast, the price of Carnival stock will not reach $1,000. The highest expected price our algorithm estimates is $ 19.58 by Oct 15, 2024.
Is Carnival a good stock to buy?
Based on our Carnival stock forecast, Carnival stock is currently a good stock to buy. This is because the price of Carnival stock is expected to increase by 19.35% in the next year.
What’s the Carnival stock price prediction for tomorrow?
The Carnival stock price prediction for tomorrow is $ 14.00, based on the current market trends. According to the prediction, the price of CCL stock will decrease by -3.90% in the next day.
What’s the Carnival stock price prediction for next week?
The Carnival stock price prediction for next week is $ 13.93, which would represent a -4.38% drop in the CCL stock price.
Will Carnival stock go up tomorrow?
According to our prediction, Carnival stock will not go up tomorrow. Based on the current trends, our prediction estimates that the price of CCL stock will decrease by -3.90% in the next day.
Will Carnival stock go down tomorrow?
Our prediction anticipates that Carnival stock will go down tomorrow. Our forecast estimates that CCL will lose -3.90% in the next day and reach a price of $ 14.00.
