Carnival’s (CCL) “Buy” Rating Reiterated at Tigress Financial

Posted by Brenda Bartman on Oct 16th, 2026

Tigress Financial reissued their buy rating on shares of Carnival (NYSE:CCL – Free Report) in a research note released on Tuesday morning, MarketBeat Ratings reports. The brokerage currently has a $42.00 price objective on the stock.

Several other equities analysts have also commented on the company. Wells Fargo & Company lowered their target price on Carnival from $36.00 to $34.00 and set an “overweight” rating for the company in a report on Thursday, October 1st. Morgan Stanley raised their price target on Carnival from $31.00 to $32.50 and gave the stock an “overweight” rating in a report on Tuesday, September 29th. JPMorgan Chase & Co. cut their price target on Carnival from $43.00 to $39.00 and set an “overweight” rating on the stock in a report on Thursday, September 24th. Melius Research set a $36.00 price objective on Carnival in a research report on Wednesday, June 17th. Finally, TD Cowen lowered their price objective on Carnival from $34.00 to $32.00 and set a “buy” rating for the company in a research note on Tuesday, September 22nd. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $34.14.

View Our Latest Research Report on CCL

Carnival Stock Performance

Shares of CCL opened at $26.45 on Tuesday. The business’s fifty day moving average price is $24.83 and its 200 day moving average price is $26.42. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.27 and a quick ratio of 0.23. Carnival has a 12-month low of $21.45 and a 12-month high of $34.03. The stock has a market capitalization of $35.57 billion, a PE ratio of 10.91, a price-to-earnings-growth ratio of 1.11 and a beta of 2.38.

Carnival (NYSE:CCL – Get Free Report) last announced its quarterly earnings data on Tuesday, September 29th. The company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.08. The business had revenue of $8.44 billion during the quarter, compared to the consensus estimate of $8.39 billion. Carnival had a net margin of 11.37% and a return on equity of 24.83%. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.43 EPS. Carnival has set its Q4 2026 guidance at 0.200-0.200 EPS and its FY 2026 guidance at 2.240-2.240 EPS. Equities research analysts forecast that Carnival will post 2.26 EPS for the current year.

Hedge Funds Weigh In On Carnival

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Lazard Asset Management LLC bought a new position in shares of Carnival in the first quarter valued at approximately $1,732,000. Vaughan Nelson Investment Management L.P. boosted its holdings in shares of Carnival by 95.9% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 889,393 shares of the company’s stock worth $23,017,000 after buying an additional 435,470 shares during the period. Public Employees Retirement System of Ohio bought a new stake in shares of Carnival during the 2nd quarter worth $15,383,000. National Pension Service grew its stake in Carnival by 8.7% in the 2nd quarter. National Pension Service now owns 3,228,771 shares of the company’s stock valued at $92,246,000 after buying an additional 258,460 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Carnival in the 2nd quarter valued at $10,888,000. Institutional investors own 67.19% of the company’s stock.

Carnival News Summary

Here are the key news stories impacting Carnival this week:

Positive Sentiment: Record bookings and solid demand are strengthening the outlook for occupancy, pricing and revenue. Carnival’s latest quarterly results also exceeded consensus expectations, with earnings of $1.43 per share and revenue of $8.44 billion. What Carnival’s Record Q3 Earnings and Bookings Strength Means For Shareholders
Positive Sentiment: Tigress Financial reaffirmed its Buy rating, adding support to investor sentiment as Carnival benefits from booking strength and earnings recovery. Tigress Financial Reaffirms Buy Rating for Carnival
Positive Sentiment: New and expanded itineraries from Carnival’s Princess and Seabourn brands could help broaden future demand and booking opportunities, although the revenue impact is longer term. Carnival’s Princess Line Adds New Itineraries
Neutral Sentiment: Carnival trades at roughly 11.6 times earnings, below the broader S&P 500 valuation. That discount may appeal to value investors, but the stock’s recent rally raises the question of whether much of the improved outlook is already reflected in the price. What Changed In Carnival’s Story?
Negative Sentiment: Zacks Research made several mixed estimate revisions. FY2026 EPS increased modestly to $2.24, but forecasts were reduced for Q4 2026, Q1 2027, FY2027 and FY2028, including a cut in FY2028 EPS to $2.90. The changes suggest some caution about the pace of future earnings growth.

Carnival Company Profile

(Get Free Report)

Carnival Corporation & plc (NYSE: CCL) is a global leisure travel company that operates cruise lines and related vacation businesses. Its brands offer ocean cruises, onboard entertainment, dining, accommodation, excursions and other travel experiences to passengers across a range of price points and destinations.

The company’s portfolio includes Carnival Cruise Line, Princess Cruises, Holland America Line, Seabourn, Cunard, P&O Cruises, P&O Cruises Australia, AIDA Cruises and Costa Cruises.