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Here is the long-awaited forecast for Carnival Corp (CCL)

What’s up with Carnival Corp?

Carnival Corp (CCL) opened at $14.61, which means the stock is down 4.50% from yesterday’s closing price of 14.70. Today, the company has a high of $14.82 and a low of $13.62. The company has a market cap of $10.30 billion with a 52-week high of $54.39 and a 52-week low of $7.08.

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What about the future for Carnival Corp?

The high forecast for Carnival Corp is $53.00 while the low is $8.00. Stock forecasts are based on human experience: Human traders based on their experience in terms of stock price patterns, volume changes, and market news/rumors regarding a particular stock. Carnival Corp has a strong forecast. A strong forecast is a result of strong earning reports as investors are willing to pay a higher share price today because of growth expectations in the future. Based on this information CCL seems to be a safe buy.

About Carnival Corp

Carnival Corp. engages in the operation of cruise ships. It operates through the following business segments: North America, Europe, Australia, and Asia (EEA), Cruise Support, and Tour and Other. The North America segment includes Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn. The Europe, Australia, and Asia (EEA) segment comprises of AIDA, Costa, Cunard, P&O Cruises (Australia), P&O Cruises (UK). The Cruise Support segment represents port destinations and private islands for the benefit of its cruise brands. The Tour and Other segment operates hotel and transportation operations of Holland America Princess Alaska Tours. The company was founded in 1972 and is headquartered in Miami, FL.

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