Tigress Financial raised the firm’s price target on Carnival to $28 from $25 and keeps a Buy rating on the shares after its Q3 earnings beat last week. The company continues to benefit from strong cruise demand and consumer spending on travel with revenue growing 14.5% from last year, driven by net yields and record net per diems significantly exceeding 2023 levels, the analyst tells investors in a research note. Nearly half of 2025 sailings have been booked, and Carnival also has less inventory remaining for sale than in FY23, positioning the company to leverage strong demand to achieve record ticket pricing, the firm added.
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