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Carnival stock dips after Q2 beat but outlook soft; 31% upside seen by analysts.

Analyst Insights
25 Jun 2026
24/7 Wall Street
View Source
Bullish
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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 to a cautious Q3 outlook impacted by higher fuel costs and currency headwinds. Analysts remain bullish, projecting a 31% price increase to $37.74 over 12 months, citing strong demand, a $2.5 billion buyback, and a solid PROPEL growth plan. Risks include high debt, fuel price volatility, and geopolitical tensions affecting Mediterranean bookings, but overall confidence in Carnival's recovery and growth remains high.

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