William Blair analyst Sharon Zackfia has maintained their bullish stance on CCL stock, giving a Buy rating on June 20.
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Sharon Zackfia’s rating is based on Carnival’s strong performance in the second quarter, which exceeded expectations despite challenging macroeconomic and geopolitical conditions. The company benefited from higher-than-anticipated demand and onboard spending, as well as a favorable shift in expense timing, leading to record revenue.
Additionally, Carnival’s financial metrics showed significant improvement, with constant-currency net yields rising more than projected and costs increasing less than expected. This resulted in adjusted EBITDA and EPS surpassing guidance, reinforcing confidence in the company’s financial health and future prospects.
According to TipRanks, Zackfia is a 5-star analyst with an average return of 12.2% and a 53.94% success rate. Zackfia covers the Consumer Cyclical sector, focusing on stocks such as CarMax, Lululemon Athletica, and Kura Sushi USA.
In another report released on June 20, Citi also maintained a Buy rating on the stock with a $28.00 price target.