Carnival (CCL – Research Report), the Consumer Cyclical sector company, was revisited by a Wall Street analyst yesterday. Analyst Christopher Stathoulopoulos from Susquehanna maintained a Buy rating on the stock and has a $30.00 price target.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Christopher Stathoulopoulos has given his Buy rating due to a combination of factors including Carnival’s strong financial performance and strategic initiatives. The company reported a significant earnings beat in the second quarter, with adjusted EPS and EBITDA surpassing both guidance and consensus estimates. This better-than-expected top-line performance has been a key driver for the positive outlook.
Additionally, Carnival’s proactive changes to its loyalty program, shifting towards a spend-based system, are expected to unlock new revenue opportunities. The introduction of initiatives like the ‘Innovation Itinerary’ and expansions at key locations are anticipated to bolster future growth. Despite the uncertain macroeconomic and geopolitical environment, the company’s ability to adapt and capitalize on these opportunities underpins the Buy rating.
Stathoulopoulos covers the Industrials sector, focusing on stocks such as Allegiant Travel Company, Delta Air Lines, and United Airlines Holdings. According to TipRanks, Stathoulopoulos has an average return of 9.5% and a 51.72% success rate on recommended stocks.
In another report released today, Bank of America Securities also reiterated a Buy rating on the stock with a $31.00 price target.