Carnival (CCL) Stock Forecast & Price Target

Carnival Corporation has demonstrated significant operational improvements, highlighted by a nearly 500 basis points increase in load factors and a positive shift in full-year yield guidance by 100 basis points, signaling strong revenue potential. The company's diverse portfolio, which includes well-established brands serving various markets, facilitated the attraction of 14 million guests in 2024, further underscoring the strong demand within the cruise sector. With anticipated operational efficiencies and a resilient booking trend, Carnival is well-positioned to maintain a strong financial trajectory in the competitive tourism landscape.

Carnival's financial outlook remains negative primarily due to a recent downturn in consumer demand, as indicated by softening trends noted by other companies in the travel sector, leading to lowered growth expectations for 2025. Additionally, the firm has significantly reduced its new ship delivery schedule, with minimal capacity growth projected through 2028, which is considerably below the industry average. These factors contribute to a decline in Carnival's stock, which has depreciated approximately 30% over the past three weeks, as investor expectations continue to reflect concerns about macroeconomic conditions and potential negative revisions in financial estimates.