Name of opportunity: 👀
Carnival Corporation
Ride the wave: 🌊
The share price of Carnival has increased by 9.82% in the past week, as investors jump on this opportunity.
The cruise ship company’s Q2 figures showed a year-over-year increase in net income of $500 million. Carnival’s sales were obviously heavily impacted by the pandemic, but the company has been making a strong recovery. The chart below shows the stock’s performance over the past 5 years - while you can see that it dipped again in 2022 (when the price dropped as low as $6.11) the trend seems to be that it has been slowly and steadily making its way up.
How hot is this investment opportunity? 🔥🔥🔥
Analysts predict the price of Carnival Corporation will increase from $17.38 to $20.68 in the next 12 months. If you invested $1000, you might profit $222.02.
One reason for this is that Carnival’s CEO shared that the company has attracted record bookings for 2025. In Q2 this year, the company hit its highest ever number of future bookings made in the second quarter. New and repeat bookings, overall, were up 10% year-over-year.
Carnival has responded to high demand by bumping up their prices, meaning that as more bookings come in the company’s income will receive an additional boost. Analysts have noted that while the company is in debt (which could be contributing to the current low stock price), it is steadily paying it off.
Setting sail: ⛴️
Carnival Corporation is a leisure travel company. It operates in North America, Australia, Europe, and Asia. Its portfolio features Carnival Cruise Line, Princess Cruises, Holland America Line, Seabourn, P&O Cruises (Australia), Costa Cruises, AIDA Cruises, P&O Cruises (United Kingdom) and Cunard. It is headquartered in Miami, US.
Which neme?: 🔍
‘Travel’
Download Nemo to check out Carnival
