Barclays now sees two Fed cuts this year, says jumbo Fed cuts ’very unlikely’
Carnival (NYSE:CCL) Plc ADS stock reached a significant milestone, hitting a 52-week high of 28.3 USD, with InvestingPro data showing the company commands a substantial market capitalization of $40.39 billion. This marks a noteworthy point in the company’s market performance, underscoring a substantial recovery and investor confidence over the past year. The stock has experienced a remarkable 91.76% increase over the last 12 months, with revenue growth of 10.82% and a P/E ratio of 15.68. InvestingPro analysis indicates the stock is trading near its Fair Value, with analysts setting a target price of $33. This surge is indicative of the company’s strategic initiatives and market conditions that have favored its growth trajectory, positioning Carnival as a notable player in the industry. InvestingPro data reveals a GREAT overall financial health score, with 8 additional exclusive insights available to subscribers through the comprehensive Pro Research Report.
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