Reported 18 days ago
Carnival Corporation's stock has plummeted 65% since its 2018 peak due to the pandemic's effects on the cruise industry and subsequent debt accumulation. However, the company's financials are showing improvement with record revenues and operating income, and strong demand for cruises leading to price increases. Despite ongoing debt concerns, analysts believe that Carnival's business model remains resilient, positioning it as a strong buy as the economy shows signs of recovery.
Source: YAHOO