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Carnival (CCL)
NYSE:CCL
CCL Analyst Ratings
Strong Buy
14 Buy
4 Hold
0 Sell
TipRanks enables you to focus on the analyst rating consensus of all analysts or only the top performers in the past 3 months
CCL Stock 12 Month Forecast
Average Price Target
$35.81
▲(26.27% Upside)
| Highest Price Target$42.00 | Average Price Target$35.81 | Lowest Price Target$26.00 |
The highest, average, and lowest price target of all analysts. Click on ‘Top Analysts’ to focus on the best performers.
Detailed List of Analyst Forecasts
Detailed List of Analyst Forecasts
TR | OpenAI - 4o
$34→$32
Buy
12.83%
Upside
Upgraded
10/01/25
AI Generated ArticleAI Generated Article
Citi
$37→$38
Buy
33.99%
Upside
Reiterated
10/01/25
Morgan Stanley
$30→$32
Hold
12.83%
Upside
Reiterated
10/01/25
UBS
$33→$35
Buy
23.41%
Upside
Reiterated
09/30/25
Carnival's Stock Poised for Growth: Analyst Upgrades to 'Buy' Amid Strong Financial Outlook and Record BookingsAs we had anticipated, CCL’s FY net yield raise is equal to the Q3 beat, which suggests potential further upside in Q4 yield, which is essentially unchanged compared to previous implied guidance. CCL raised their FY25 net yield guide by +30bps to +5.3% YOY in constant FX (+6.2% as reported) from prior guide of +5.0% YOY in constant FX (+5.6% as reported), in line with UBSe and Street's +5.3%. FY'25 NCCs ex fuel per ALBD guide was lowered by -30 bps to 3.3% YOY in constant FX (+4.4% as reported) from prior guide of +3.6% YOY in constant FX (+4.4% as reported), better than UBSe and Street's +3.6%. FY'25 adj EBITDA guide is raised by $150M or +2%, slightly higher than the $123M beat in above prior guide of $6.9B, Street $6.97B. FY'25 adj EPS guide of $2.14, is above prior guide of $1.97, and UBSe and Street's $2.02.
Barclays
$37
Buy
30.47%
Upside
Reiterated
09/30/25
Truist Financial
―
Hold
―
Reiterated
09/30/25
Jefferies
$34
Buy
19.89%
Upside
Reiterated
09/30/25
TD Cowen
$36→$37
Buy
30.47%
Upside
Reiterated
09/30/25
Bernstein
$26
Hold
-8.32%
Downside
Reiterated
09/30/25
Carnival's Mixed Outlook: Strong 2025 Performance Amid 2026 Challenges and Hold Rating RecommendationWe still take our 2026 EBITDA up ~1%, mainly driven by yield strength - while our EPS comes up by 6% on lower interest and D&A costs. However, we do expect the 2026 messaging will drive small downgrades to consensus EBITDA, and we expect peers with growing capacity are better placed to capture demand strength. For now, we are happy to remain on the sideline in favor of peers - Market Perform. The Q: T op line momentum has continued into Q3 with another (110bps) beat on net yields in the quarter, flowing through to a 4% beat on EBITDA. FY guidance has also been raised - yield guidance is up by 30bps for 2025, and EBITDA guidance has been taken up by 2% ($150m), ~1% ahead of consensus. However, FY guidance upgrades appear driven by in Q strength (of the $150m FY EBITDA guidance raise, $130m Q3 guidance beat).
Bank of America Securities
$38
Buy
33.99%
Upside
Reiterated
09/30/25
Carnival's Strong Financial Performance and Promising Outlook Justify Buy RatingWe raise our 2025 forecasts on the 3Q beat and solid 4Q guidance while only modestly adjusting our 2026 estimates. We reiterate our Buy rating and $38 price objective on continued pricing power aided by Celebration Key, strong free cash flow, and continued debt reduction. We revise our GBP PO to to reflect fx changes.
Goldman Sachs
$37
Buy
30.47%
Upside
Reiterated
09/30/25
Stifel Nicolaus
$38
Buy
33.99%
Upside
Reiterated
09/29/25
Mizuho Securities
$37
Buy
30.47%
Upside
Reiterated
09/29/25
Susquehanna
$30→$35
Buy
23.41%
Upside
Reiterated
09/29/25
William Blair
―
Buy
―
Reiterated
09/29/25
Carnival's Resilience and Record Revenue Drive Buy Rating from Sharon ZackfiaWe remain impressed by Carnival’s execution and reiterate our Outperform rating given our projection for a 40%-plus increase in EPS in fiscal 2025 followed by a high-teens increase in fiscal 2026 with the opportunity for upside. Risks include voyage disruptions, delays of new ship deliveries, fuel and foreign currency movements, geopolitical events, pandemics, terrorism, and economic sensitivity.View the Blair | Building | 150 North Riverside Plaza | Chicago, IL 60606 | +1 312 236 1600 | www.williamblair.com This is not in any sense a solicitation or offer of the purchase or sale of securities. The factual statements herein have been taken from sources we believe to be reliable, but such statements are made without any representation as to accuracy or completeness or otherwise.
Ranks
Any
Analyst Rating
Any
Upside/ Downside
Any
Action
Any
TR | OpenAI - 4o
$34→$32
Buy
12.83%
Upside
Upgraded
10/01/25
AI Generated ArticleAI Generated Article
Citi
$37→$38
Buy
33.99%
Upside
Reiterated
10/01/25
Morgan Stanley
$30→$32
Hold
12.83%
Upside
Reiterated
10/01/25
UBS
$33→$35
Buy
23.41%
Upside
Reiterated
09/30/25
Carnival's Stock Poised for Growth: Analyst Upgrades to 'Buy' Amid Strong Financial Outlook and Record BookingsAs we had anticipated, CCL’s FY net yield raise is equal to the Q3 beat, which suggests potential further upside in Q4 yield, which is essentially unchanged compared to previous implied guidance. CCL raised their FY25 net yield guide by +30bps to +5.3% YOY in constant FX (+6.2% as reported) from prior guide of +5.0% YOY in constant FX (+5.6% as reported), in line with UBSe and Street's +5.3%. FY'25 NCCs ex fuel per ALBD guide was lowered by -30 bps to 3.3% YOY in constant FX (+4.4% as reported) from prior guide of +3.6% YOY in constant FX (+4.4% as reported), better than UBSe and Street's +3.6%. FY'25 adj EBITDA guide is raised by $150M or +2%, slightly higher than the $123M beat in above prior guide of $6.9B, Street $6.97B. FY'25 adj EPS guide of $2.14, is above prior guide of $1.97, and UBSe and Street's $2.02.
Barclays
$37
Buy
30.47%
Upside
Reiterated
09/30/25
Truist Financial
―
Hold
―
Reiterated
09/30/25
Jefferies
$34
Buy
19.89%
Upside
Reiterated
09/30/25
TD Cowen
$36→$37
Buy
30.47%
Upside
Reiterated
09/30/25
Bernstein
$26
Hold
-8.32%
Downside
Reiterated
09/30/25
Carnival's Mixed Outlook: Strong 2025 Performance Amid 2026 Challenges and Hold Rating RecommendationWe still take our 2026 EBITDA up ~1%, mainly driven by yield strength - while our EPS comes up by 6% on lower interest and D&A costs. However, we do expect the 2026 messaging will drive small downgrades to consensus EBITDA, and we expect peers with growing capacity are better placed to capture demand strength. For now, we are happy to remain on the sideline in favor of peers - Market Perform. The Q: T op line momentum has continued into Q3 with another (110bps) beat on net yields in the quarter, flowing through to a 4% beat on EBITDA. FY guidance has also been raised - yield guidance is up by 30bps for 2025, and EBITDA guidance has been taken up by 2% ($150m), ~1% ahead of consensus. However, FY guidance upgrades appear driven by in Q strength (of the $150m FY EBITDA guidance raise, $130m Q3 guidance beat).
Bank of America Securities
$38
Buy
33.99%
Upside
Reiterated
09/30/25
Carnival's Strong Financial Performance and Promising Outlook Justify Buy RatingWe raise our 2025 forecasts on the 3Q beat and solid 4Q guidance while only modestly adjusting our 2026 estimates. We reiterate our Buy rating and $38 price objective on continued pricing power aided by Celebration Key, strong free cash flow, and continued debt reduction. We revise our GBP PO to to reflect fx changes.
Goldman Sachs
$37
Buy
30.47%
Upside
Reiterated
09/30/25
Stifel Nicolaus
$38
Buy
33.99%
Upside
Reiterated
09/29/25
Mizuho Securities
$37
Buy
30.47%
Upside
Reiterated
09/29/25
Susquehanna
$30→$35
Buy
23.41%
Upside
Reiterated
09/29/25
William Blair
―
Buy
―
Reiterated
09/29/25
Carnival's Resilience and Record Revenue Drive Buy Rating from Sharon ZackfiaWe remain impressed by Carnival’s execution and reiterate our Outperform rating given our projection for a 40%-plus increase in EPS in fiscal 2025 followed by a high-teens increase in fiscal 2026 with the opportunity for upside. Risks include voyage disruptions, delays of new ship deliveries, fuel and foreign currency movements, geopolitical events, pandemics, terrorism, and economic sensitivity.View the Blair | Building | 150 North Riverside Plaza | Chicago, IL 60606 | +1 312 236 1600 | www.williamblair.com This is not in any sense a solicitation or offer of the purchase or sale of securities. The factual statements herein have been taken from sources we believe to be reliable, but such statements are made without any representation as to accuracy or completeness or otherwise.
Best Analysts Covering Carnival
1 Month
xxx
Success Rate
11/14 ratings generated profit
Average Return
+11.56%
reiterated a xxx
rating 2 days ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 1 Month would result in 78.57% of your transactions generating a profit, with an average return of +11.56% per trade.
3 Months
xxx
Success Rate
11/14 ratings generated profit
Average Return
+15.31%
reiterated a xxx
rating 2 days ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 3 Months would result in 78.57% of your transactions generating a profit, with an average return of +15.31% per trade.
1 Year
Success Rate
13/14 ratings generated profit
Average Return
+37.48%
reiterated a buy rating 2 days ago
Copying James Hardiman's trades and holding each position for 1 Year would result in 92.86% of your transactions generating a profit, with an average return of +37.48% per trade.
2 Years
xxx
Success Rate
14/14 ratings generated profit
Average Return
+57.82%
reiterated a xxx
rating 2 days ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 2 Years would result in 100.00% of your transactions generating a profit, with an average return of +57.82% per trade.
The Best Analyst Covering tool allows you to follow the analysts who have the best success rates and average returns on a specific stock. Only analysts that gave a Buy or Sell rating on the stock in the past 12 months are eligible for inclusion in this tool. Follow the analysts of your choice to receive real-time updates when they publish a new rating.
CCL Analyst Recommendation Trends
Rating
Jun 25
Jul 25
Aug 25
Sep 25
Oct 25
Strong Buy
1
0
0
0
0
Buy
24
32
32
31
23
Hold
15
13
8
7
5
Sell
0
0
0
0
0
Strong Sell
0
0
0
0
0
total
40
45
40
38
28
Each month's total comprises the sum of three months' worth of ratings.
CCL Financial Forecast
CCL Stock Forecast FAQ
What is CCL’s average 12-month price target, according to analysts?
Based on analyst ratings, Carnival’s 12-month average price target is 35.81.
What is CCL’s upside potential, based on the analysts’ average price target?
Carnival has 26.27% upside potential, based on the analysts’ average price target.
Can I see which stocks the top-ranking analysts are rating?
Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.
How can I follow the stock ratings of top Wall Street analysts?
Head over to our Expert Center to see a list of the top 100 Wall Street analysts and follow the analysts of your choice. Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis.
Is CCL a Buy, Sell or Hold?
Carnival has a consensus rating of Strong Buy which is based on 14 buy ratings, 4 hold ratings and 0 sell ratings.
What is Carnival’s price target?
The average price target for Carnival is 35.81. This is based on 18 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
The highest analyst price target is $42.00 ,the lowest forecast is $26.00. The average price target represents 26.27% Increase from the current price of $28.36.
The highest analyst price target is $42.00 ,the lowest forecast is $26.00. The average price target represents 26.27% Increase from the current price of $28.36.
What do analysts say about Carnival?
Carnival’s analyst rating consensus is a Strong Buy. This is based on the ratings of 18 Wall Streets Analysts.
How can I buy shares of CCL?
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