Wall Street Analysts See Upside Potential for 5 Stocks with Rising Price Targets

04. Carnival Corporation & plc (NYSE:CCL)

Upside Potential: 19%

On December 29, Macquarie adjusted its price target for Carnival Corporation & plc (NYSE:CCL), a major player in the cruise industry, from $16.00 to $22.00 while maintaining an Outperform rating on the shares. This modification indicates a notable upside potential of 19%. Macquarie’s decision to increase the price target reflects their positive assessment of Carnival Corporation & plc (NYSE:CCL) future prospects. The revised target underscores Macquarie’s confidence in Carnival’s ability to rebound within the cruise industry and capitalize on the recovery in travel and leisure activities.

Investors should take note of the substantial upside potential of 19% as indicated by the adjusted price target. Macquarie’s Outperform rating signals their belief that Carnival is well-positioned to navigate the challenges faced by the cruise industry and regain momentum. Macquarie’s analysis provides investors with insights into the opportunities associated with investing in Carnival Corporation & plc (NYSE:CCL), emphasizing the potential for growth within the cruise industry. As travel and tourism recover, Carnival Corporation & plc may present an attractive investment opportunity, according to Macquarie’s outlook, making this research note valuable for investors considering positions in the travel and leisure sector.