The idea of the most behind it, is very simple. The stock was significantly punished by the Covid 19 pandemic and "must" rise again when Corona is over.
Basically not a bad idea... BUT...
Investors should rethink their idea, because nobody expected it to take so long to fight the virus. Although it is foreseeable that the virus will be less present, this does not immediately mean that the "ships will resume full speed".
If you also look at the chart from the perspective of , it becomes clear that the rise in 2020 is only a correction of the downward movement. It also shows that Carnival Corp . was already in a downward trend before Corona.
Investors should therefore pay attention. For me, this stock is only an alternative again if there is a clear rise with massive and at the same time a breakout out of the channel.
Going by , the market considers the stock to be fairly valued at around $15.