
Carnival (CCL) Stock Forecast & Price Target
Carnival (CCL) Analyst Ratings
Bulls say
Carnival experienced significant financial growth, evidenced by a 7.14% year-over-year increase in net sales revenue, reaching a record $26.23 billion for the 12 months ending August 2025. The company's Return on Capital improved notably from 8.40% to 10.41%, while Economic Profit surged by nearly 96%, indicating strong operational efficiency and profitability. Additionally, the cruise industry as a whole saw an upward trajectory, generating approximately $72.5 billion in revenue, further supporting Carnival's positive outlook within the expanding market for experiential travel.
Bears say
Carnival Corporation's financial outlook appears negative due to its subdued capacity growth forecast, with a compound annual growth rate (CAGR) of less than 2% through 2028, significantly below the industry average of approximately 6%. The company has also made considerable debt repayments, reducing its net debt-to-EBITDA ratio to 3.6x, but it has not established a robust new ship delivery pipeline, with only one scheduled for delivery in 2025 and none in 2026. Furthermore, Carnival faces numerous risks including rising fuel prices, potential changes in tax laws, long-term impacts of COVID-19, negative press, increased regulations, and the effects of a slowing economy, all of which could hinder its growth prospects.
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
Start investing in Carnival (CCL)
Order type
Buy in
Order amount
Est. shares
0 shares