Analyst Andrew Didora of Bank of America Securities reiterated a Buy rating on Carnival, retaining the price target of $38.00.
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Andrew Didora has given his Buy rating due to a combination of factors including Carnival’s strong financial performance and promising future outlook. The company reported impressive third-quarter results, with earnings per share and EBITDA surpassing expectations, indicating robust operational efficiency and financial health. Despite concerns about cost pressures in 2026, the demand remains strong, and there are potential offsets to these cost headwinds, which adds to the positive outlook.
Furthermore, Carnival’s pricing power is evident with net revenues exceeding guidance, driven by increased net yields and onboard spending. The solid booking position for 2026, along with higher customer deposits, suggests continued yield growth. These factors, combined with strong free cash flow and ongoing debt reduction efforts, support the Buy rating and the price objective of $38.00 USD, as Carnival is well-positioned to navigate future challenges while capitalizing on growth opportunities.
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.