Quick Read – CCL delivered its twelfth consecutive quarter of record net yields yet trades at $28.72, offering 31% upside to our $37.74 BUY target. – A record $9.0B deposit book and 2026 bookings 93% full signal durable demand even as fuel costs and FX headwinds weighed on Q3…
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Carnival Corporation (NYSE:CCL) just delivered its twelfth consecutive quarter of record net yields, yet the stock sold off after Q2 results landed. That dislocation is the setup for our call. Our 24/7 Wall St. price target for Carnival is $37.74 over the next 12 months, implying 31.41% upside from a current price of $28.72.
The recommendation is buy, with confidence at 90%, the high end of our framework. A Record Quarter, Punished by a Soft Guide CCL is up 20.75% over the past year but down 4.95% year to date, and shares fell 4.87% on Q2 results. Carnival posted adjusted EPS of $0.41 against $0.35 a year ago and revenue of $6.663B, beating its own March guidance by $100M.