UBS analyst Robin M. Farley maintained a Buy rating on Carnival yesterday and set a price target of $33.00.
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Robin M. Farley has given his Buy rating due to a combination of factors that indicate potential growth and stability for Carnival’s stock. The company has shown a positive trend in its financial guidance, with an increase in net yield projections for FY’25, suggesting further potential upside in Q4. This improvement is reflected in the raised FY’25 adjusted EBITDA guidance, which surpasses previous expectations and indicates robust financial health.
Additionally, Carnival’s booking volumes have strengthened, with significant bookings already secured for 2026 at historically high prices. This trend, along with record booking volumes for 2027, demonstrates strong demand and customer confidence. The increase in customer deposits further supports the positive outlook, indicating a solid financial position and potential for continued growth.
In another report released today, Barclays also maintained a Buy rating on the stock with a $37.00 price target.
Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CCL in relation to earlier this year.