Carnival Corporation Faces Share Price Dip After Announcing New Vessel Orders
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
Carnival Corporation's New Ship Orders: Carnival Corporation's share price fell after announcing an order for two new mid-sized cruise liners from Fincantieri, with a total of eight ships in the construction pipeline through 2033, including the Star Princess debuting this year.
Future Initiatives and Fleet Enhancements: The company plans to enhance guest experiences over the next five years with new ships, fleet upgrades, and strategic changes, including the launch of the Carnival Festivale in 2027 and the introduction of mega-ships under Project Ace by 2029.
Analyst Views on PEJ
Wall Street analysts forecast PEJ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PEJ is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 61.130
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
