
Carnival (CCL) Stock Forecast & Price Target
Carnival (CCL) Analyst Ratings
Bulls say
Carnival demonstrated a significant financial recovery and growth trajectory, evidenced by a substantial increase in Return on Capital (ROC), which rose from 8.40% to 10.41% in the last twelve months (LTM). The company reported record net sales revenue of $26.23 billion for the twelve months ending August 2025, marking a year-over-year increase of 7.14%, while Economic Profit (EP) saw an impressive growth of 95.94%, reaching $673.9 million. Additionally, Carnival's Net Operating Profit After Tax (NOPAT) climbed 24.09% year-over-year, illustrating robust operational performance within the expanding global cruise industry, which generated approximately $72.5 billion in revenue for 2025.
Bears say
Carnival has made significant strides in reducing its net debt-to-EBITDA ratio to 3.6x, yet it still targets a decrease below 3x by 2026, indicating ongoing challenges in managing debt levels. The company has drastically scaled back its new ship deliveries, projecting a compound annual growth rate in capacity of less than 2% through 2028, which is considerably lower than the industry's average of approximately 6%. Furthermore, multiple external risks, including rising fuel prices, regulatory changes, and potential long-term impacts from COVID-19, may adversely affect Carnival's operational performance and overall financial outlook.
This aggregate rating is based on analysts' research of Carnival and is not a guaranteed prediction by Public.com or investment advice.
Carnival (CCL) Analyst Forecast & Price Prediction
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