Argus Research increased Carnival Corporation's price target from $30 to $35, suggesting a 21.34% upside despite a softer Q3 outlook due to rising fuel costs and currency challenges. Carnival reported record revenues of $6.66 billion and strong net yields, but the stock dipped on cautious guidance. Analysts at Jefferies remain optimistic, maintaining a 'Buy' rating and expecting over $9 billion in free cash flow by 2027 to support growth and debt reduction. Management attributes the weaker outlook to temporary disruptions in Europe, not declining demand for cruises, and highlights improved financial leverage and ongoing investments.
Carnival Corporation has extended its surplus meal donation program to the Dominican Republic, making it the second Latin American country to join this initiative. The program redirects prepared but unserved meals from Carnival Cruise Line ships to l...
Carnival Corporation reported its twelfth consecutive quarter of record net yields with adjusted EPS of $0.41 and revenue of $6.663 billion, beating guidance. Despite strong bookings and a $9 billion customer deposit record, shares fell nearly 5% due...
Carnival Corporation lowered its fiscal 2026 net yield growth forecast to 3.2% from 4.1% and slightly reduced adjusted EBITDA guidance to $7.11 billion. Despite these near-term pressures, Jefferies analysts reaffirmed a Buy rating and a $35 price tar...
Carnival's stock fell 6% after reporting record revenue and an earnings beat, but investors focused on its weaker-than-expected next quarter guidance and rising fuel costs. In contrast, Royal Caribbean shares dipped only 1%, supported by strong profi...
Carnival Corporation Ltd. is currently undervalued, trading at a 13% discount compared to the sector median despite showing strong revenue growth of 6% and EPS growth of 47% over the past year. The company benefits from a robust global cruise tourism...
