Recently, Carnival Corp (Symbol: CCL) saw its stock price rise above the average analyst target of $23.73, trading at $24.07 per share. When this happens, analysts typically face a choice: either downgrade their valuation or increase their target. The decision often depends on the company’s recent performance and potential growth.
The average price target for Carnival Corp comes from 20 analysts at Zacks, but this average includes a wide range of opinions. One analyst predicts a low of $14.00, while another sets a much higher target of $28.00. The standard deviation among these targets is $4.004, indicating varied views on the stock’s potential.
Investors often look at the average price target as a way to gauge market sentiment. With CCL now above the average target of $23.73, it presents a critical moment for investors. They must decide whether this price reflects just an interim high or whether the stock could continue rising. Below is a summary of the current analyst ratings for Carnival Corp:
| Recent CCL Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 17 | 17 | 17 | 17 |
| Buy ratings: | 1 | 1 | 1 | 1 |
| Hold ratings: | 2 | 2 | 2 | 2 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 1 | 1 | 1 | 1 |
| Average rating: | 1.4 | 1.4 | 1.4 | 1.4 |
The average rating, as noted in the table, ranges from 1 to 5, where 1 indicates a Strong Buy and 5 signifies a Strong Sell. This analysis utilizes data provided by Zacks Investment Research via Quandl.com. For further insights, access the latest Zacks research report on CCL — available free of charge.
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The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
