Carnival Corporation (CCL, Financial) is experiencing a notable uptick in its stock price, climbing $1.11, or approximately 5%, to reach $25.15 during pre-market trading in New York. This surge follows the cruise line operator's announcement of second-quarter earnings and revenue that surpassed market expectations. The positive financial results have sparked investor optimism and contributed to the stock's advance.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 21 analysts, the average target price for Carnival Corp (CCL, Financial) is $28.46 with a high estimate of $34.00 and a low estimate of $21.00. The average target implies an upside of 13.78% from the current price of $25.01. More detailed estimate data can be found on the Carnival Corp (CCL) Forecast page.
Based on the consensus recommendation from 27 brokerage firms, Carnival Corp's (CCL, Financial) average brokerage recommendation is currently 1.9, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Carnival Corp (CCL, Financial) in one year is $22.14, suggesting a downside of 11.48% from the current price of $25.01. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Carnival Corp (CCL) Summary page.
