William Blair analyst Sharon Zackfia has maintained their bullish stance on CCL stock, giving a Buy rating on September 26.
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Sharon Zackfia has given her Buy rating due to a combination of factors, including Carnival’s impressive financial performance despite challenging macroeconomic and geopolitical conditions. The company has demonstrated resilience by exceeding expectations, driven by stronger-than-anticipated demand and efficient cost management.
Notably, Carnival achieved record revenue, with constant-currency net yields and adjusted EBITDA surpassing guidance. The company’s ability to manage costs effectively, particularly in terms of net cruise costs excluding fuel, further contributed to its strong performance. This financial strength and operational efficiency underpin Zackfia’s positive outlook on Carnival’s stock.
Zackfia covers the Consumer Cyclical sector, focusing on stocks such as Wingstop, Birkenstock Holding plc, and Lululemon Athletica. According to TipRanks, Zackfia has an average return of 8.9% and a 48.31% success rate on recommended stocks.
In another report released on September 26, TD Cowen also reiterated a Buy rating on the stock with a $36.00 price target.