Carnival's Stock Performance: Carnival Corporation (CCL) closed at $31.15, down 2.34%, but has seen a 7.3% increase over the past month, outperforming the Consumer Discretionary sector and the S&P 500. The company is expected to report earnings of $1.31 per share and revenue of $8.05 billion in its upcoming earnings disclosure.
Analyst Estimates and Valuation: Carnival holds a Zacks Rank of #2 (Buy) with a Forward P/E ratio of 15.94, indicating a valuation discount compared to its industry average. The Zacks Consensus Estimates predict a significant year-over-year growth in earnings and revenue, reflecting analysts' confidence in the company's performance.
CCL
$28.11+Infinity%1D
Analyst Views on CCL
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 35.76 USD with a low forecast of 29.44 USD and a high forecast of 40.00 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 35.76 USD with a low forecast of 29.44 USD and a high forecast of 40.00 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: 27.620
Low
29.44
Averages
35.76
High
40.00
Current: 27.620
Low
29.44
Averages
35.76
High
40.00
Jefferies
NULL -> Buy
upgrade
$34 -> $37
2025-12-15
New
Reason
Jefferies
Price Target
$34 -> $37
2025-12-15
New
upgrade
NULL -> Buy
Reason
Jefferies raised the firm's price target on Carnival to $37 from $34 and keeps a Buy rating on the shares. For 2026, the firm is bullish group-wide on the cruise names, the analyst tells investors.
Citi
Buy
maintain
$38 -> $36
2025-12-12
New
Reason
Citi
Price Target
$38 -> $36
2025-12-12
New
maintain
Buy
Reason
Citi lowered the firm's price target on Carnival to $36 from $38 and keeps a Buy rating on the shares. The firm believes theca cruise data points indicate that either the demand environment has decelerated or the supply environment in the Caribbean market has "gotten crowded." A combination of both is likely, the analyst tells investors in a research note. Citi expects the cruise companies to issue "more conservative" outlooks when reporting Q4.
Wells Fargo
Trey Bowers
Overweight
maintain
$34 -> $35
2025-12-12
New
Reason
Wells Fargo
Trey Bowers
Price Target
$34 -> $35
2025-12-12
New
maintain
Overweight
Reason
Wells Fargo analyst Trey Bowers raised the firm's price target on Carnival to $35 from $34 and keeps an Overweight rating on the shares. The firm believes investor focus will be on 2026 yield guidance, which it expects to be slightly below consensus despite recent downward revisions. Further, Wells believe buy-side estimates are well below the Street and that management will initially guide conservatively.
Wells Fargo
Trey Bowers
Overweight
initiated
$37
2025-11-17
Reason
Wells Fargo
Trey Bowers
Price Target
$37
2025-11-17
initiated
Overweight
Reason
Wells Fargo analyst Trey Bowers initiated coverage of Carnival with an Overweight rating and $37 price target. Wells views the cruise sector as the most compelling in in its gaming, leisure and lodging coverage. It expects "rapidly" improving returns on invested capital at both the company and overall industry level. The total addressable market of cruise will continue to expand and private island attractions in the Caribbean have and will drive higher levels of demand, the analyst tells investors in a research note.
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.
