Technical Analysis: CCL's stock has shown strong momentum, currently trading at $26.19 . The stock has demonstrated significant upward movement, with a 75.4% gain over the past 52 weeks.
Price Targets and Support/Resistance Levels:
Fundamental Catalysts:
Next Week Price Prediction:
Based on technical indicators and recent news sentiment:
Target Prices for Next Week:
Trading Recommendation: BUY with an entry point at current levels ($26.19)
Rationale:
The price of CCL is predicted to go up 24.89%, based on the high correlation periods with CTO. The similarity of these two price pattern on the periods is 97.39%.
CCL
CTO
Year
CCL Price Forecast($)
Potential Return(%)
2025
30.000
23.610
2026
32.000
15.650
2027
35.000
26.490
2028
40.000
44.560
2029
45.000
62.630
2030
45.000
62.630
As Carnival continues to optimize occupancy, passenger counts and yields could rise at a faster pace than we currently anticipate.
A more efficient fleet composition (after pruning 26 ships between 2020-22) may benefit the cost structure to a greater degree than initially expected, with the fleet at full deployment.
Despite a temporary pause in Asia-Pacific, a return to the market remains promising after covid, as the four largest operators had capacity for nearly 4 million passengers in 2020, signaling an opportunity for long-term growth with a returning consumer base.
Truist Securities
2025-01-24
Price Target
$29 → $30
Upside
+17.97%
Stifel
2024-12-23
Price Target
$32 → $34
Upside
+32.12%
Barclays
2024-12-23
Price Target
$31 → $32
Upside
+24.34%