Tigress Financial Reiterated a Buy Rating on Carnival Corporation (CCL)

Carnival Corporation & plc (NYSE:CCL) is one of the Undervalued Cyclical Stocks to Buy According to Hedge Funds. On July 29, Ivan Feinseth from Tigress Financial reiterated a Buy rating on Carnival Corporation & plc (NYSE:CCL) with a price target of $38.

The analyst noted that the company has shown strong consumer demand and booking trends, which point towards a healthy growth potential. In addition, Carnival Corporation & plc (NYSE:CCL) is also managing its fleet and capacity by expanding and upgrading ships. Feinseth highlighted that the management has been focused on operational efficiency to drive revenue and cash flow growth.

Financially speaking, the analyst highlighted that the company has been aggressively reducing debt to enhance shareholder value. Lastly, Feinseth believes that these strategic moves enhance the company’s ability to capitalise on the growing travel market valued at more than $2 billion.

Carnival Corporation & plc (NYSE:CCL) is a global cruise and leisure travel company. It operates multiple cruise lines, including Carnival Cruise Line, Princess Cruises, and Holland America Line.

While we acknowledge the potential of CCL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.