Undervalued Stocks Present Opportunities Amid Market Highs
While the broader market hovers NEAR all-time highs with trailing P/E ratios at 29, savvy investors are uncovering value in overlooked sectors. Three stocks—Carnival (CCL), Lyft (LYFT), and Peloton (PTON)—stand out as potential turnaround plays despite recent underperformance.
Carnival's remarkable recovery from pandemic lows demonstrates the resilience of experiential travel. The cruise operator has not only restored occupancy above 100% but achieved GAAP profitability in fiscal 2024 through strategic pricing and cost management. Analysts project continued revenue and EPS growth through 2027 as debt reduction progresses.