
Carnival (CCL) Stock Forecast & Price Target
Carnival (CCL) Analyst Ratings
Bulls say
Carnival's financial performance demonstrates significant improvement, highlighted by an increase in Return on Capital (ROC) from 8.40% to 10.41% over the last twelve months. Additionally, net sales revenue rose by 7.14% year-over-year, reaching a record $26.23 billion, indicating strong demand within the cruise industry. Economic Profit (EP) and Net Operating Profit After Tax (NOPAT) also saw remarkable growth, with EP increasing by 95.94% to $673.9 million and NOPAT rising 24.09% to $4.44 billion, further underscoring the company's robust financial health and growth trajectory in a thriving experiential travel market.
Bears say
Carnival's outlook remains negative due to significant uncertainty surrounding the global tourism industry, which has led to lowered performance expectations and cautious sentiment among analysts. The company's recent financial maneuvers, including prepaying $1 billion in debt and maintaining a net debt-to-EBITDA ratio of 3.6x, signal a necessary tightening of capital structure amid rising fuel costs and reduced earnings forecasts for 2026-2028. Additionally, Carnival's decision to drastically scale back new ship deliveries will result in a compound annual growth rate (CAGR) of less than 2% through 2028, starkly lagging behind the industry average of approximately 6%.
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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