Carnival Corp's stock fell 3.53% and hit a 20-day low amid a broader market decline, with the Nasdaq-100 down 1.73% and the S&P 500 down 1.47%.
Despite the stock's decline, Carnival reported record revenue of $26.6 billion and adjusted net income of $3.1 billion for fiscal 2025, demonstrating robust financial recovery and boosting investor confidence. The company also ended Q4 with $7.2 billion in customer deposits, indicating strong future demand for cruises, which are more affordable than land resorts. This positive financial performance suggests significant stock potential, with analysts projecting a price increase to $40 within 11 months.
The strong financial results and high customer deposits position Carnival favorably for future growth, even as the stock experiences short-term volatility in a challenging market environment.
Wall Street analysts forecast CCL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CCL is 37.59 USD with a low forecast of 33.00 USD and a high forecast of 45.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
19 Analyst Rating
Wall Street analysts forecast CCL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CCL is 37.59 USD with a low forecast of 33.00 USD and a high forecast of 45.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
15 Buy
4 Hold
0 Sell
Strong Buy
Current: 28.720
Low
33.00
Averages
37.59
High
45.00
Current: 28.720
Low
33.00
Averages
37.59
High
45.00
Truist
Hold
maintain
$31 -> $34
2026-01-22
Reason
Truist
Price Target
$31 -> $34
AI Analysis
2026-01-22
maintain
Hold
Reason
Truist raised the firm's price target on Carnival to $34 from $31 and keeps a Hold rating on the shares as part of a broader research note on Cruise Lines. The firm notes that from its lengthy conversations over the past month with senior executives in the travel industry and from examining "big data" on future cruise bookings and pricing, the bottom line is that supply for the contemporary/mass-market segment continues to be slightly higher than that of demand, the analyst tells investors in a research note. Truist adds that investors should have relatively low-expectations for first-half net yield growth.
Peel Hunt
Buy
to
Hold
downgrade
£2,300
2026-01-08
Reason
Peel Hunt
Price Target
£2,300
2026-01-08
downgrade
Buy
to
Hold
Reason
Peel Hunt downgraded Carnival plc to Hold from Buy with a 2,300 GBp price target.
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Morgan Stanley
Jamie Rollo
Equal Weight
maintain
$32 -> $33
2026-01-07
Reason
Morgan Stanley
Jamie Rollo
Price Target
$32 -> $33
2026-01-07
maintain
Equal Weight
Reason
Morgan Stanley analyst Jamie Rollo raised the firm's price target on Carnival to $33 from $32 and keeps an Equal Weight rating on the shares after updating the firm's estimates post the cruise line operator's Q4 report.
Bernstein
Market Perform
maintain
$26 -> $33
2026-01-06
Reason
Bernstein
Price Target
$26 -> $33
2026-01-06
maintain
Market Perform
Reason
Bernstein raised the firm's price target on Carnival to $33 from $26 and keeps a Market Perform rating on the shares. The firm says it normally bemoans the fact that every year our outlook piece has to be overly focused on recession risk. 2026 looks a rare exception, which should be a good year for travel with more stable U.S./China markets, limited supply supporting pricing and a strong event calendar. Bernstein is positive on the fundamentals, but notes that for OTAs, the AI question will dominate as online travel stocks remain at the center of the AI debate.
About CCL
Carnival Corporation is a global cruise and leisure travel company. The Company has a portfolio of cruise lines, including AIDA Cruises, Carnival Cruise Line, Costa Cruises, Cunard, Holland America Line, P&O Cruises (Australia), P&O Cruises (UK), Princess Cruises, and Seabourn. The Company's segment includes NAA cruise operations, Europe cruise operations (Europe), Cruise Support and Tour and Other. Its Cruise Support segment includes its portfolio of port destinations and exclusive islands as well as other services, all of which are operated for the benefit of its cruise brands. In addition to its cruise operations, it owns Holland America Princess Alaska Tours, a tour company in Alaska and the Canadian Yukon, which complements its Alaska cruise operations. Its Tour and Other segment represents the hotel and transportation operations of Holland America Princess Alaska Tours and other operations. Its tour company owns and operates hotels, lodges, glass-domed railcars and motorcoaches.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
