Why Carnival Corp. Rallied Today
Shares of cruise industry leader Carnival Corp. (NYSE: CCL) were rallying today, up 8.2% as of 1:48 p.m. ET.
The cruise line leader reported second-quarter earnings this morning, beating analyst expectations handily and quelling fears that higher interest rates might be crimping demand for cruising.
It appears there's seemingly no stopping the momentum of the cruise industry as consumers seek affordable "revenge travel" voyages left and right.
Source Fool.com
Carnival plc Stock
€14.78
4.960%
The community is currently still undecided about Carnival plc with 2 Buy predictions and 0 Sell predictions.
On the other hand, the target price of 14 € is below the current price of 14.78 € for Carnival plc, so the potential is actually -5.25%.
