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Carnival (CCL) Stock Forecast, Price Target & Predictions

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CCL Stock Forecast

Carnival stock forecast is as follows: an average price target of $23.06 (represents a -10.34% downside from CCL’s last price of $25.72) and a rating consensus of 'Buy', based on 26 wall street analysts offering a 1-year stock forecast.

CCL Price Target

The average price target for Carnival (CCL) is $23.06 based on 1-year price targets from 26 Wall Street analysts in the past 3 months, with a price target range of $29.00 to $16.50. This represents a potential -10.34% downside from CCL's last price of $25.72.

CCL Analyst Ratings

Buy

According to 26 Wall Street analysts, Carnival's rating consensus is 'Buy'. The analyst rating breakdown for CCL stock is 0 'Strong Buy' (0.00%), 21 'Buy' (80.77%), 4 'Hold' (15.38%), 1 'Sell' (3.85%), and 0 'Strong Sell' (0.00%).

Carnival Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Dec 02, 2024Patrick ScholesTruist Financial$29.00$26.389.95%12.75%
Oct 04, 2024Chris WoronkaDeutsche Bank$19.00$18.025.44%-26.13%
Oct 01, 2024Patrick ScholesTruist Financial$20.00$17.8412.14%-22.24%
Oct 01, 2024Jamie RolloMorgan Stanley$16.50$18.48-10.71%-35.85%
Sep 24, 2024Andrew DidoraBank of America Securities$24.00$18.9726.52%-6.69%
Sep 20, 2024Steven WieczynskiStifel Nicolaus$27.00$18.7643.92%4.98%
Jun 27, 2024John StaszakArgus Research$25.00$18.6134.34%-2.80%
Jun 26, 2024Paul GoldingMacquarie$25.00$18.4135.76%-2.80%
Jun 25, 2024Greg BadishkanianWolfe Research$19.00$17.826.62%-26.13%
Jun 25, 2024Jamie RolloMorgan Stanley$13.50$17.82-24.24%-47.51%
May 29, 2024Patrick ScholesTruist Financial$17.00$15.658.63%-33.90%
Apr 01, 2024Siye DestaCFRA$19.00$16.3716.05%-26.13%
Apr 01, 2024Robin FarleyUBS$20.00$16.5420.96%-22.24%
Apr 01, 2024John StaszakArgus Research$20.00$16.3422.40%-22.24%
Mar 28, 2024Steven WieczynskiStifel Nicolaus$25.00$17.1945.43%-2.80%
Mar 28, 2024Goldman Sachs$22.00$17.1927.98%-14.46%
Mar 27, 2024Macquarie$24.00$17.1939.62%-6.69%
Mar 26, 2024Ben ChaikenMizuho Securities$21.00$16.8824.42%-18.35%
Mar 25, 2024Steven WieczynskiStifel Nicolaus$26.00$17.2051.21%1.09%
Mar 25, 2024Brandt MontourBarclays$24.00$17.2039.58%-6.69%
Mar 13, 2024Lizzie DoveGoldman Sachs$20.00$16.6520.12%-22.24%
Jan 05, 2024Daniel PolitzerWells Fargo$22.00$17.3326.95%-14.46%
Sep 29, 2023John StaszakArgus Research$21.00$14.4445.43%-18.35%
Jun 30, 2023David KatzJefferies$25.00$17.1645.69%-2.80%
Jun 27, 2023James HardimanCitigroup$18.00$15.5215.98%-30.02%
Mar 28, 2023Daniel PolitzerWells Fargo$9.00$9.34-3.64%-65.01%
Sep 20, 2022Truist Financial$10.00$10.79-7.36%-61.12%
Aug 03, 2022Steven WieczynskiStifel Nicolaus$20.00$9.69106.48%-22.24%
Jun 29, 2022Brandt MontourBarclays$14.00$8.8757.92%-45.57%
Jun 28, 2022Chris WoronkaDeutsche Bank$14.00$10.5532.70%-45.57%
Jun 18, 2022Jamie RolloMorgan Stanley$13.00$9.6035.42%-49.46%
Apr 27, 2022Steven WieczynskiStifel Nicolaus$30.00$17.4172.31%16.64%
Apr 19, 2022James HardimanCitigroup$22.00$19.0415.55%-14.46%
Apr 01, 2022David KatzJefferies$19.00$20.05-5.24%-26.13%
Jan 18, 2022Stuart GordonBerenberg Bank$23.00$21.984.64%-10.58%
Dec 21, 2021Benjamin ChaikenCredit Suisse$38.00$20.5485.00%47.74%
Dec 21, 2021Stephen GramblingGoldman Sachs$21.00$20.542.24%-18.35%
Dec 07, 2021Andrew DidoraBank of America Securities$29.00$18.5056.76%12.75%
Aug 19, 2021Ali NaqviHSBC$18.30$21.66-15.51%-28.85%
Jun 17, 2021Brandt MontourJ.P. Morgan$36.00$28.4226.67%39.97%
Apr 20, 2021Paul GoldingMacquarie$32.00$25.7224.42%24.42%

The latest Carnival stock forecast, released on Dec 02, 2024 by Patrick Scholes from Truist Financial, set a price target of $29.00, which represents a 9.95% increase from the stock price at the time of the forecast ($26.38), and a 12.75% increase from CCL last price ($25.72).

Carnival Price Target by Period

1M3M12M
# Anlaysts1622
Avg Price Target$29.00$22.58$21.73
Last Closing Price$25.72$25.72$25.72
Upside/Downside12.75%-12.21%-15.51%

In the current month, the average price target of Carnival stock is $29.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 12.75% increase as opposed to Carnival's last price of $25.72. This month's average price target is up 28.43% compared to last quarter, and up 33.46% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Oct 11, 2024MacquarieBuyBuyHold
Oct 07, 2024Tigress FinancialBuyBuyHold
Oct 04, 2024Deutsche BankHoldHoldHold
Oct 01, 2024J.P. MorganOverweightOverweightHold
Oct 01, 2024Morgan StanleyUnderweightUnderweightHold
Oct 01, 2024BarclaysOverweightOverweightHold
Sep 27, 2024Argus ResearchBuyBuyHold
Sep 27, 2024CitigroupBuyBuyHold
Sep 24, 2024Bank of America SecuritiesBuyBuyHold
Jun 26, 2024MacquarieOutperformOutperformHold
Jun 26, 2024Deutsche BankHoldHoldHold
Jun 25, 2024Wolfe ResearchOutperformOutperformHold
Jun 25, 2024CitigroupBuyBuyHold
Jun 25, 2024Morgan StanleyUnderweightUnderweightHold
Jun 25, 2024JefferiesBuyBuyHold
Jun 24, 2024UBSBuyBuyHold
Jun 24, 2024Argus ResearchBuyBuyHold
Jun 24, 2024Tigress FinancialBuyBuyHold
Jun 24, 2024Wells FargoOverweightOverweightHold
May 17, 2024Wells FargoOverweightOverweightHold
Apr 03, 2024Tigress FinancialBuyBuyHold
Apr 01, 2024Argus ResearchBuyBuyHold
Apr 01, 2024CFRABuyBuyHold
Mar 28, 2024Bank of America SecuritiesBuyBuyHold
Mar 28, 2024Goldman SachsBuyBuyHold
Mar 28, 2024MacquarieOutperformOutperformHold
Mar 25, 2024BarclaysOverweightOverweightHold
Mar 25, 2024UBSBuyBuyHold
Jan 05, 2024Wells FargoEqual-WeightOverweightUpgrade
Dec 29, 2023MacquarieOutperformOutperformHold
Dec 22, 2023CFRABuyUpgrade
Dec 22, 2023Deutsche BankHoldHoldHold
Dec 22, 2023CitigroupNeutralNeutralHold
Dec 22, 2023NeedhamBuyBuyHold
Dec 22, 2023BarclaysOverweightOverweightHold
Sep 29, 2023Tigress FinancialBuyBuyHold
Sep 29, 2023BarclaysOverweightOverweightHold
Sep 21, 2023SusquehannaPositivePositiveHold
Sep 19, 2023Raymond JamesStrong BuyOutperformUpgrade
Sep 19, 2023DaiwaOutperformUpgrade
Sep 19, 2023Evercore ISIOutperformNeutralDowngrade
Sep 19, 2023Goldman SachsSellDowngrade
Jul 18, 2023TD SecuritiesHoldDowngrade
Jun 27, 2023SusquehannaPositivePositiveHold
Jun 27, 2023Morgan StanleyUnderweightUnderweightHold
Jun 27, 2023Wells FargoEqual-WeightEqual-WeightHold
Jun 21, 2023BarclaysOverweightOverweightHold
Jun 12, 2023Evercore ISIOutperformUpgrade
Jun 12, 2023Argus ResearchBuyUpgrade
Jun 12, 2023KGI SecuritiesOutperformUpgrade
Jun 12, 2023JefferiesHoldBuyInitialise
Jun 12, 2023Northcoast ResearchNeutralDowngrade
Jun 12, 2023Wolfe ResearchOutperformUpgrade
Jun 12, 2023Morgan StanleyUnderweightOverweightUpgrade
Jun 12, 2023Bank of America SecuritiesBuyUpgrade
Mar 29, 2023UBSBuyNeutralInitialise
Mar 29, 2023SusquehannaPositiveUpgrade
Mar 28, 2023Wells FargoOverweightEqual-WeightUpgrade
Mar 24, 2023UBSBuyBuyHold
Mar 24, 2023Deutsche BankHoldHoldHold
Mar 24, 2023BarclaysOverweightOverweightHold
Mar 24, 2023Credit SuisseOutperformOutperformHold
Mar 24, 2023CitigroupNeutralNeutralHold
Dec 15, 2022BarclaysOverweightOverweightHold
Dec 12, 2022Credit SuisseOutperformOutperformHold
Oct 07, 2022Deutsche BankHoldHoldHold
Oct 04, 2022Morgan StanleyUnderweightUnderweightHold
Jul 21, 2022Wells FargoOverweightUpgrade
Jul 21, 2022Raymond JamesStrong BuyInitialise
Jul 21, 2022BenchmarkBuyInitialise
Jul 11, 2022CitigroupNeutralNeutralHold
Jun 29, 2022Morgan StanleyUnderweightUnderweightHold
Jun 28, 2022BarclaysOverweightInitialise
Jun 28, 2022Deutsche BankHoldHoldHold
Jun 08, 2022Morgan StanleyEqual-WeightEqual-WeightHold
May 13, 2022RBC CapitalOutperformOutperformHold
Apr 25, 2022CitigroupNeutralNeutralHold
Apr 01, 2022JefferiesHoldHoldHold
Jan 06, 2022JefferiesHoldInitialise
Apr 10, 2021Credit SuisseOutperformUpgrade
Mar 02, 2021MacquarieNeutralUpgrade
Jan 11, 2021Morgan StanleyUnderweightUnderweightHold

Carnival's last stock rating was published by Macquarie on Oct 11, 2024. The company gave CCL a "Buy" rating, the same as its previous rate.

Carnival Financial Forecast

Carnival Revenue Forecast

Dec 26Aug 26May 26Mar 26Dec 25Aug 25May 25Mar 25Dec 24Aug 24May 24Mar 24Dec 23Aug 23May 23Mar 23Dec 22Aug 22May 22Mar 22Dec 21Aug 21May 21Mar 21Dec 20Aug 20May 20Mar 20Dec 19Aug 19
Revenue--------------$4.91B--$4.31B$2.40B--$546.00M$49.00M--$31.00M$740.00M--$6.53B
Avg Forecast$6.36B$8.49B$6.28B$5.92B$6.20B$8.20B$6.06B$5.70B$5.94B$7.83B$5.68B$5.42B$5.29B$6.71B$4.79B$4.32B$2.14B$5.05B$2.72B$2.26B$1.41B$670.38M$185.29M$197.36M$94.25M$77.33M$773.90M$4.68B$4.58B$6.21B
High Forecast$6.47B$8.63B$6.38B$6.01B$6.30B$8.33B$6.16B$5.79B$6.05B$7.84B$5.68B$5.42B$5.46B$6.82B$4.87B$4.39B$2.57B$5.14B$2.77B$2.30B$1.43B$682.75M$188.71M$201.00M$95.99M$78.76M$788.18M$4.76B$4.66B$6.33B
Low Forecast$6.25B$8.33B$6.16B$5.81B$6.09B$8.05B$5.95B$5.63B$5.84B$7.82B$5.68B$5.42B$5.17B$6.58B$4.70B$4.24B$1.71B$4.98B$2.68B$2.23B$1.39B$661.70M$182.89M$194.80M$93.03M$76.33M$763.87M$4.62B$4.52B$6.13B
# Analysts464435381312458688175334644563322
Surprise %--------------1.03%--0.85%0.88%--0.81%0.26%--0.40%0.96%--1.05%

Carnival's average Quarter revenue forecast for Aug 23 based on 6 analysts is $6.71B, with a low forecast of $6.58B, and a high forecast of $6.82B. CCL's average Quarter revenue forecast represents a 36.57% increase compared to the company's last Quarter revenue of $4.91B (May 23).

Carnival EBITDA Forecast

Dec 26Aug 26May 26Mar 26Dec 25Aug 25May 25Mar 25Dec 24Aug 24May 24Mar 24Dec 23Aug 23May 23Mar 23Dec 22Aug 22May 22Mar 22Dec 21Aug 21May 21Mar 21Dec 20Aug 20May 20Mar 20Dec 19Aug 19
# Analysts464435381312458688175334644563322
EBITDA--------------$768.00M--$244.00M$-889.00M--$-1.50B$-1.06B--$-2.00B$-2.26B--$2.43B
Avg Forecast$-2.17B$-2.90B$-2.14B$-2.02B$-2.12B$-2.80B$-2.07B$-1.95B$-2.03B$-2.67B$-1.94B$-797.79M$-1.81B$-2.29B$-1.63B$-725.27M$-1.29B$-1.63B$-875.69M$-659.33M$-453.43M$-215.82M$-59.65M$-861.95M$-30.34M$-24.90M$-249.15M$-171.85M$-1.47B$-2.00B
High Forecast$-2.13B$-2.84B$-2.10B$-1.98B$-2.08B$-2.74B$-2.03B$-1.92B$-1.99B$-2.67B$-1.94B$-638.23M$-1.76B$-2.25B$-1.60B$-580.21M$-1.03B$-1.60B$-864.35M$-527.47M$-447.56M$-213.02M$-58.88M$-689.56M$-29.95M$-24.57M$-245.92M$-137.48M$-1.46B$-1.97B
Low Forecast$-2.21B$-2.94B$-2.18B$-2.05B$-2.15B$-2.84B$-2.10B$-1.98B$-2.06B$-2.67B$-1.94B$-957.35M$-1.86B$-2.33B$-1.66B$-870.32M$-1.54B$-1.66B$-891.85M$-791.20M$-461.80M$-219.80M$-60.75M$-1.03B$-30.90M$-25.35M$-253.74M$-206.22M$-1.50B$-2.04B
Surprise %---------------0.47%---0.15%1.02%--6.96%17.70%--80.34%9.08%---1.21%

6 analysts predict CCL's average Quarter EBITDA for Aug 23 to be $-2.29B, with a high of $-2.25B and a low of $-2.33B. This is -397.88% lower than Carnival's previous annual EBITDA (May 23) of $768.00M.

Carnival Net Income Forecast

Dec 26Aug 26May 26Mar 26Dec 25Aug 25May 25Mar 25Dec 24Aug 24May 24Mar 24Dec 23Aug 23May 23Mar 23Dec 22Aug 22May 22Mar 22Dec 21Aug 21May 21Mar 21Dec 20Aug 20May 20Mar 20Dec 19Aug 19
# Analysts464435381312458688175334644563322
Net Income--------------$-407.00M--$-770.00M$-1.83B--$-2.84B$-2.07B--$-2.86B$-4.37B--$1.78B
Avg Forecast$324.76M$2.12B$397.19M$72.69M$211.53M$1.94B$305.22M$-22.45M$104.78M$1.65B$-20.94M$-1.56B$-176.93M$1.05B$-470.09M$-1.42B$-1.95B$-81.88M$-1.69B$-1.29B$-2.02B$-2.14B$-2.26B$-1.65B$-2.69B$-3.08B$-2.23B$-925.63M$705.12M$3.54B
High Forecast$331.66M$2.16B$405.61M$74.23M$216.02M$1.98B$311.70M$22.45M$157.18M$1.66B$-20.44M$-1.25B$-147.44M$1.07B$-458.75M$-1.14B$-1.56B$-80.50M$-1.66B$-1.03B$-1.99B$-2.10B$-2.22B$-1.32B$-2.65B$-3.02B$-2.19B$-740.50M$722.04M$3.63B
Low Forecast$316.93M$2.07B$387.61M$70.93M$206.42M$1.90B$297.85M$-67.35M$65.49M$1.63B$-21.39M$-1.87B$-221.17M$1.03B$-480.07M$-1.70B$-2.34B$-83.85M$-1.73B$-1.55B$-2.07B$-2.19B$-2.32B$-1.98B$-2.76B$-3.15B$-2.28B$-1.11B$693.25M$3.48B
Surprise %--------------0.87%--9.40%1.08%--1.33%0.92%--0.93%1.96%--0.50%

Carnival's average Quarter net income forecast for Dec 19 is $705.12M, with a range of $693.25M to $722.04M. CCL's average Quarter net income forecast represents a -60.39% decrease compared to the company's last Quarter net income of $1.78B (Aug 19).

Carnival SG&A Forecast

Dec 26Aug 26May 26Mar 26Dec 25Aug 25May 25Mar 25Dec 24Aug 24May 24Mar 24Dec 23Aug 23May 23Mar 23Dec 22Aug 22May 22Mar 22Dec 21Aug 21May 21Mar 21Dec 20Aug 20May 20Mar 20Dec 19Aug 19
# Analysts464435381312458688175334644563322
SG&A--------------$736.00M--$625.00M$619.00M--$425.00M$417.00M--$265.00M$492.00M--$563.00M
Avg Forecast$2.27B$3.03B$2.24B$2.11B$2.22B$2.93B$2.17B$2.04B$2.12B$2.80B$2.03B$437.71M$1.89B$2.40B$1.71B$397.92M$432.32M$1.80B$971.63M$361.75M$503.11M$239.46M$66.19M$70.50M$33.67M$27.62M$276.44M$803.56M$1.64B$2.22B
High Forecast$2.31B$3.08B$2.28B$2.15B$2.25B$2.98B$2.20B$2.07B$2.16B$2.80B$2.03B$525.26M$1.95B$2.43B$1.74B$477.50M$518.79M$1.84B$989.56M$434.10M$512.39M$243.88M$67.41M$71.80M$34.29M$28.13M$281.54M$964.27M$1.67B$2.26B
Low Forecast$2.23B$2.98B$2.20B$2.07B$2.17B$2.87B$2.13B$2.01B$2.09B$2.79B$2.03B$350.17M$1.85B$2.35B$1.68B$318.34M$345.86M$1.78B$959.04M$289.40M$496.59M$236.36M$65.33M$69.59M$33.23M$27.27M$272.86M$642.84M$1.61B$2.19B
Surprise %--------------0.43%--0.35%0.64%--1.77%6.30%--9.59%1.78%--0.25%

Carnival's average Quarter SG&A projection for Aug 23 is $2.40B, based on 6 Wall Street analysts, with a range of $2.35B to $2.43B. The forecast indicates a 225.52% rise compared to CCL last annual SG&A of $736.00M (May 23).

Carnival EPS Forecast

Dec 26Aug 26May 26Mar 26Dec 25Aug 25May 25Mar 25Dec 24Aug 24May 24Mar 24Dec 23Aug 23May 23Mar 23Dec 22Aug 22May 22Mar 22Dec 21Aug 21May 21Mar 21Dec 20Aug 20May 20Mar 20Dec 19Aug 19
# Analysts464435381312458688175334644563322
EPS--------------$-0.32--$-0.65$-1.61--$-2.50$-1.83--$-3.69$-6.07--$2.58
Avg Forecast$0.23$1.51$0.28$0.05$0.15$1.39$0.22$-0.02$0.07$1.18$-0.01$-0.18$-0.13$0.75$-0.34$-0.60$1.95$-0.06$-1.21$-1.28$-1.44$-1.53$-1.62$-1.54$-1.92$-2.20$-1.59$0.27$0.50$2.53
High Forecast$0.24$1.54$0.29$0.05$0.15$1.42$0.22$0.02$0.11$1.19$-0.01$-0.17$-0.11$0.77$-0.33$-0.59$2.00$-0.06$-1.19$-1.25$-1.42$-1.50$-1.59$-1.51$-1.89$-2.16$-1.57$0.28$0.52$2.59
Low Forecast$0.23$1.48$0.28$0.05$0.15$1.35$0.21$-0.05$0.05$1.17$-0.02$-0.18$-0.16$0.73$-0.34$-0.62$1.91$-0.06$-1.24$-1.31$-1.48$-1.57$-1.66$-1.58$-1.97$-2.25$-1.63$0.27$0.50$2.49
Surprise %--------------0.95%--11.11%1.33%--1.63%1.13%--1.68%3.81%--1.02%

According to 2 Wall Street analysts, Carnival's projected average Quarter EPS for Dec 19 is $0.50, with a low estimate of $0.50 and a high estimate of $0.52. This represents a -80.46% decrease compared to CCL previous annual EPS of $2.58 (Aug 19).

Carnival Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
NCLHNorwegian Cruise Line$26.39$28.889.44%Buy
TRIPTripadvisor$13.49$14.003.78%Buy
RCLRoyal Caribbean Cruises$242.07$248.432.63%Buy
ABNBAirbnb$132.24$129.60-2.00%Hold
EXPEExpedia Group$180.64$172.56-4.47%Hold
BKNGBooking$5.15K$4.73K-8.32%Buy
CCLCarnival$25.72$23.06-10.34%Buy

CCL Forecast FAQ

Is Carnival a good buy?

Yes, according to 26 Wall Street analysts, Carnival (CCL) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 21 'Buy' recommendations, accounting for 80.77% of CCL's total ratings.

What is CCL's price target?

Carnival (CCL) average price target is $23.06 with a range of $16.5 to $29, implying a -10.34% from its last price of $25.72. The data is based on 26 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Carnival stock go up soon?

According to Wall Street analysts' prediction for CCL stock, the company can go down by -10.34% (from the last price of $25.72 to the average price target of $23.06), up by 12.75% based on the highest stock price target, and down by -35.85% based on the lowest stock price target.

Can Carnival stock reach $40?

CCL's average twelve months analyst stock price target of $23.06 does not support the claim that Carnival can reach $40 in the near future.

What is Carnival's current price target trend?

1 Wall Street analyst forecast a $29 price target for Carnival (CCL) this month, up 12.75% from its last price of $25.72. Compared to the last 3 and 12 months, the average price target decreased by -12.21% and decreased by -15.51%, respectively.

Did the CCL's actual financial results beat the analysts' financial forecasts?

In terms of the last quarterly report (May 2023), Carnival's revenue was $4.91B, beating the average analysts' forecast of $4.79B by 2.56%. The company's EBITDA was $768M, missing the average prediction of $-1.633B by -147.02%. Carnival's net income was $-407M, missing the average estimation of $-470M by -13.42%. The company's SG&A was $736M, missing the average forecast of $1.71B by -56.97%. Lastly, the company's EPS was $-0.32, missing the average prediction of $-0.336 by -4.77%