Carnival (CCL) Stock Forecast, Price Target & Predictions
CCL Stock Forecast
Carnival stock forecast is as follows: an average price target of $23.09 (represents a 28.14% upside from CCL’s last price of $18.02) and a rating consensus of 'Buy', based on 26 wall street analysts offering a 1-year stock forecast.
CCL Price Target
The average price target for Carnival (CCL) is $23.09 based on 1-year price targets from 26 Wall Street analysts in the past 3 months, with a price target range of $38.00 to $16.50. This represents a potential 28.14% upside from CCL's last price of $18.02.
CCL Analyst Ratings
According to 26 Wall Street analysts, Carnival's rating consensus is 'Buy'. The analyst rating breakdown for CCL stock is 0 'Strong Buy' (0.00%), 21 'Buy' (80.77%), 4 'Hold' (15.38%), 1 'Sell' (3.85%), and 0 'Strong Sell' (0.00%).
Carnival Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 04, 2024 | Chris Woronka | Deutsche Bank | $19.00 | $18.02 | 5.44% | 5.44% |
| Oct 01, 2024 | Patrick Scholes | Truist Financial | $20.00 | $17.84 | 12.14% | 10.99% |
| Oct 01, 2024 | Jamie Rollo | Morgan Stanley | $16.50 | $18.48 | -10.71% | -8.44% |
| Sep 24, 2024 | Andrew Didora | Bank of America Securities | $24.00 | $18.97 | 26.52% | 33.19% |
| Sep 20, 2024 | Steven Wieczynski | Stifel Nicolaus | $27.00 | $18.76 | 43.92% | 49.83% |
| Jun 27, 2024 | John Staszak | Argus Research | $25.00 | $18.61 | 34.34% | 38.73% |
| Jun 26, 2024 | Paul Golding | Macquarie | $25.00 | $18.41 | 35.76% | 38.73% |
| Jun 25, 2024 | Greg Badishkanian | Wolfe Research | $19.00 | $17.82 | 6.62% | 5.44% |
| Jun 25, 2024 | Jamie Rollo | Morgan Stanley | $13.50 | $17.82 | -24.24% | -25.08% |
| May 29, 2024 | Patrick Scholes | Truist Financial | $17.00 | $15.65 | 8.63% | -5.66% |
The latest Carnival stock forecast, released on Oct 04, 2024 by Chris Woronka from Deutsche Bank, set a price target of $19.00, which represents a 5.44% increase from the stock price at the time of the forecast ($18.02), and a 5.44% increase from CCL last price ($18.02).
Carnival Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 5 | 5 | 21 |
| Avg Price Target | $21.30 | $21.30 | $21.38 |
| Last Closing Price | $18.02 | $18.02 | $18.02 |
| Upside/Downside | 18.20% | 18.20% | 18.65% |
In the current month, the average price target of Carnival stock is $21.30, according to 5 Wall Street analysts offering twelve months forecast. The average price target represents a 18.20% increase as opposed to Carnival's last price of $18.02. This month's average price target is down 0.00% compared to last quarter, and down -0.37% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 04, 2024 | Deutsche Bank | Hold | Hold | Hold |
| Oct 01, 2024 | J.P. Morgan | Overweight | Overweight | Hold |
| Oct 01, 2024 | Morgan Stanley | Underweight | Underweight | Hold |
| Oct 01, 2024 | Barclays | Overweight | Overweight | Hold |
| Sep 27, 2024 | Citigroup | Buy | Buy | Hold |
| Sep 27, 2024 | Argus Research | Buy | Buy | Hold |
| Sep 24, 2024 | Bank of America Securities | Buy | Buy | Hold |
| Jun 26, 2024 | Macquarie | Outperform | Outperform | Hold |
| Jun 26, 2024 | Deutsche Bank | Hold | Hold | Hold |
| Jun 25, 2024 | Wolfe Research | Outperform | Outperform | Hold |
Carnival's last stock rating was published by Deutsche Bank on Oct 04, 2024. The company gave CCL a "Hold" rating, the same as its previous rate.
Carnival Financial Forecast
Carnival Revenue Forecast
| Dec 26 | Aug 26 | May 26 | Mar 26 | Dec 25 | Aug 25 | May 25 | Mar 25 | Dec 24 | Aug 24 | May 24 | Mar 24 | Dec 23 | Aug 23 | May 23 | Mar 23 | Dec 22 | Aug 22 | May 22 | Mar 22 | Dec 21 | Aug 21 | May 21 | Mar 21 | Dec 20 | Aug 20 | May 20 | Mar 20 | Dec 19 | Aug 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $4.91B | - | - | $4.31B | $2.40B | - | - | $546.00M | $49.00M | - | - | $31.00M | $740.00M | - | - | $6.53B |
| Avg Forecast | $6.24B | $8.38B | $6.24B | $5.86B | $6.15B | $7.97B | $6.07B | $5.69B | $5.91B | $7.83B | $5.68B | $5.42B | $5.29B | $6.71B | $4.79B | $4.32B | $3.93B | $956.99M | $2.72B | $2.26B | $1.41B | $670.38M | $185.29M | $197.36M | $94.25M | $77.33M | $773.90M | $4.68B | $4.58B | $6.21B |
| High Forecast | $6.36B | $8.53B | $6.36B | $5.97B | $6.27B | $8.13B | $6.18B | $5.79B | $6.05B | $7.97B | $5.78B | $5.52B | $5.46B | $6.83B | $4.88B | $4.40B | $4.01B | $1.15B | $2.76B | $2.29B | $1.43B | $681.26M | $188.30M | $200.56M | $95.78M | $78.59M | $786.46M | $4.75B | $4.65B | $6.31B |
| Low Forecast | $6.17B | $8.27B | $6.16B | $5.79B | $6.07B | $7.87B | $5.99B | $5.63B | $5.84B | $7.73B | $5.61B | $5.35B | $5.17B | $6.62B | $4.73B | $4.26B | $3.88B | $765.59M | $2.67B | $2.22B | $1.38B | $659.15M | $182.19M | $194.05M | $92.68M | $76.04M | $760.94M | $4.60B | $4.50B | $6.11B |
| # Analysts | 3 | 3 | 3 | 3 | 3 | 4 | 5 | 7 | 12 | 10 | 4 | 5 | 8 | 6 | 4 | 4 | 3 | 12 | 3 | 3 | 4 | 6 | 4 | 4 | 5 | 6 | 3 | 3 | 2 | 2 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.03% | - | - | 4.50% | 0.88% | - | - | 0.81% | 0.26% | - | - | 0.40% | 0.96% | - | - | 1.05% |
Carnival's average Quarter revenue forecast for Aug 23 based on 6 analysts is $6.71B, with a low forecast of $6.62B, and a high forecast of $6.83B. CCL's average Quarter revenue forecast represents a 36.57% increase compared to the company's last Quarter revenue of $4.91B (May 23).
Carnival EBITDA Forecast
| Dec 26 | Aug 26 | May 26 | Mar 26 | Dec 25 | Aug 25 | May 25 | Mar 25 | Dec 24 | Aug 24 | May 24 | Mar 24 | Dec 23 | Aug 23 | May 23 | Mar 23 | Dec 22 | Aug 22 | May 22 | Mar 22 | Dec 21 | Aug 21 | May 21 | Mar 21 | Dec 20 | Aug 20 | May 20 | Mar 20 | Dec 19 | Aug 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 3 | 4 | 5 | 7 | 12 | 10 | 4 | 5 | 8 | 6 | 4 | 4 | 3 | 12 | 3 | 3 | 4 | 6 | 4 | 4 | 5 | 6 | 3 | 3 | 2 | 2 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $768.00M | - | - | $244.00M | $-889.00M | - | - | $-1.50B | $-1.06B | - | - | $-2.00B | $-2.26B | - | - | $2.43B |
| Avg Forecast | $-2.01B | $-2.70B | $-2.01B | $-1.89B | $-1.98B | $-2.57B | $-1.95B | $-1.83B | $-1.90B | $-2.52B | $-1.83B | $-797.79M | $-1.70B | $-2.16B | $-1.54B | $-725.27M | $-1.29B | $-1.77B | $-875.69M | $-659.33M | $-453.43M | $-215.82M | $-59.65M | $-861.95M | $-30.34M | $-24.90M | $-249.15M | $-171.85M | $-1.47B | $-2.00B |
| High Forecast | $-1.99B | $-2.66B | $-1.98B | $-1.86B | $-1.96B | $-2.54B | $-1.93B | $-1.81B | $-1.88B | $-2.49B | $-1.80B | $-638.23M | $-1.66B | $-2.13B | $-1.52B | $-580.21M | $-1.03B | $-1.42B | $-861.03M | $-527.47M | $-445.84M | $-212.21M | $-58.65M | $-689.56M | $-29.84M | $-24.48M | $-244.97M | $-137.48M | $-1.45B | $-1.97B |
| Low Forecast | $-2.05B | $-2.75B | $-2.05B | $-1.92B | $-2.02B | $-2.62B | $-1.99B | $-1.86B | $-1.95B | $-2.57B | $-1.86B | $-957.35M | $-1.76B | $-2.20B | $-1.57B | $-870.32M | $-1.54B | $-2.12B | $-889.91M | $-791.20M | $-460.79M | $-219.32M | $-60.62M | $-1.03B | $-30.84M | $-25.30M | $-253.19M | $-206.22M | $-1.50B | $-2.03B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -0.50% | - | - | -0.14% | 1.02% | - | - | 6.96% | 17.70% | - | - | 80.34% | 9.08% | - | - | -1.21% |
6 analysts predict CCL's average Quarter EBITDA for Aug 23 to be $-2.16B, with a high of $-2.13B and a low of $-2.20B. This is -381.16% lower than Carnival's previous annual EBITDA (May 23) of $768.00M.
Carnival Net Income Forecast
| Dec 26 | Aug 26 | May 26 | Mar 26 | Dec 25 | Aug 25 | May 25 | Mar 25 | Dec 24 | Aug 24 | May 24 | Mar 24 | Dec 23 | Aug 23 | May 23 | Mar 23 | Dec 22 | Aug 22 | May 22 | Mar 22 | Dec 21 | Aug 21 | May 21 | Mar 21 | Dec 20 | Aug 20 | May 20 | Mar 20 | Dec 19 | Aug 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 3 | 4 | 5 | 7 | 12 | 10 | 4 | 5 | 8 | 6 | 4 | 4 | 3 | 12 | 3 | 3 | 4 | 6 | 4 | 4 | 5 | 6 | 3 | 3 | 2 | 2 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $-407.00M | - | - | $-770.00M | $-1.83B | - | - | $-2.84B | $-2.07B | - | - | $-2.86B | $-4.37B | - | - | $1.78B |
| Avg Forecast | $269.55M | $2.00B | $349.60M | $45.39M | $207.21M | $1.89B | $296.63M | $-21.57M | $104.13M | $1.65B | $-20.94M | $-1.56B | $-176.93M | $1.05B | $-470.09M | $-1.42B | $-1.95B | $-2.67B | $-1.54B | $-1.29B | $-1.84B | $-1.94B | $-2.05B | $-1.65B | $-2.45B | $-2.79B | $-2.02B | $-925.63M | $640.61M | $3.22B |
| High Forecast | $276.19M | $2.05B | $358.21M | $46.51M | $212.31M | $1.93B | $303.93M | $43.14M | $178.51M | $1.69B | $-20.60M | $-1.25B | $-147.44M | $1.08B | $-462.47M | $-1.14B | $-1.56B | $-2.14B | $-1.50B | $-1.03B | $-1.80B | $-1.90B | $-2.01B | $-1.32B | $-2.39B | $-2.73B | $-1.98B | $-740.50M | $654.13M | $3.29B |
| Low Forecast | $265.18M | $1.97B | $343.93M | $44.66M | $203.85M | $1.86B | $291.82M | $-97.06M | $59.51M | $1.62B | $-21.46M | $-1.87B | $-221.17M | $1.03B | $-481.68M | $-1.70B | $-2.34B | $-3.21B | $-1.57B | $-1.55B | $-1.87B | $-1.98B | $-2.10B | $-1.98B | $-2.50B | $-2.85B | $-2.07B | $-1.11B | $626.67M | $3.15B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.87% | - | - | 0.29% | 1.19% | - | - | 1.46% | 1.01% | - | - | 1.02% | 2.16% | - | - | 0.55% |
Carnival's average Quarter net income forecast for Dec 19 is $640.61M, with a range of $626.67M to $654.13M. CCL's average Quarter net income forecast represents a -64.01% decrease compared to the company's last Quarter net income of $1.78B (Aug 19).
Carnival SG&A Forecast
| Dec 26 | Aug 26 | May 26 | Mar 26 | Dec 25 | Aug 25 | May 25 | Mar 25 | Dec 24 | Aug 24 | May 24 | Mar 24 | Dec 23 | Aug 23 | May 23 | Mar 23 | Dec 22 | Aug 22 | May 22 | Mar 22 | Dec 21 | Aug 21 | May 21 | Mar 21 | Dec 20 | Aug 20 | May 20 | Mar 20 | Dec 19 | Aug 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 3 | 4 | 5 | 7 | 12 | 10 | 4 | 5 | 8 | 6 | 4 | 4 | 3 | 12 | 3 | 3 | 4 | 6 | 4 | 4 | 5 | 6 | 3 | 3 | 2 | 2 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $736.00M | - | - | $625.00M | $619.00M | - | - | $425.00M | $417.00M | - | - | $265.00M | $492.00M | - | - | $563.00M |
| Avg Forecast | $2.23B | $2.99B | $2.23B | $2.09B | $2.20B | $2.85B | $2.17B | $2.03B | $2.11B | $2.80B | $2.03B | $437.71M | $1.89B | $2.40B | $1.71B | $397.92M | $432.32M | $400.28M | $971.63M | $361.75M | $503.11M | $239.46M | $66.19M | $70.50M | $33.67M | $27.62M | $276.44M | $803.56M | $1.64B | $2.22B |
| High Forecast | $2.27B | $3.05B | $2.27B | $2.13B | $2.24B | $2.90B | $2.21B | $2.07B | $2.16B | $2.85B | $2.07B | $525.26M | $1.95B | $2.44B | $1.74B | $477.50M | $518.79M | $480.33M | $987.41M | $434.10M | $511.28M | $243.35M | $67.26M | $71.64M | $34.21M | $28.07M | $280.93M | $964.27M | $1.66B | $2.26B |
| Low Forecast | $2.20B | $2.95B | $2.20B | $2.07B | $2.17B | $2.81B | $2.14B | $2.01B | $2.09B | $2.76B | $2.00B | $350.17M | $1.85B | $2.37B | $1.69B | $318.34M | $345.86M | $320.22M | $955.36M | $289.40M | $494.68M | $235.45M | $65.08M | $69.32M | $33.10M | $27.16M | $271.81M | $642.84M | $1.61B | $2.18B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.43% | - | - | 1.56% | 0.64% | - | - | 1.77% | 6.30% | - | - | 9.59% | 1.78% | - | - | 0.25% |
Carnival's average Quarter SG&A projection for Aug 23 is $2.40B, based on 6 Wall Street analysts, with a range of $2.37B to $2.44B. The forecast indicates a 225.52% rise compared to CCL last annual SG&A of $736.00M (May 23).
Carnival EPS Forecast
| Dec 26 | Aug 26 | May 26 | Mar 26 | Dec 25 | Aug 25 | May 25 | Mar 25 | Dec 24 | Aug 24 | May 24 | Mar 24 | Dec 23 | Aug 23 | May 23 | Mar 23 | Dec 22 | Aug 22 | May 22 | Mar 22 | Dec 21 | Aug 21 | May 21 | Mar 21 | Dec 20 | Aug 20 | May 20 | Mar 20 | Dec 19 | Aug 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 3 | 4 | 5 | 7 | 12 | 10 | 4 | 5 | 8 | 6 | 4 | 4 | 3 | 12 | 3 | 3 | 4 | 6 | 4 | 4 | 5 | 6 | 3 | 3 | 2 | 2 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $-0.32 | - | - | $-0.65 | $-1.61 | - | - | $-2.50 | $-1.83 | - | - | $-3.69 | $-6.07 | - | - | $2.58 |
| Avg Forecast | $0.19 | $1.43 | $0.25 | $0.03 | $0.15 | $1.35 | $0.21 | $-0.02 | $0.07 | $1.18 | $-0.01 | $-0.18 | $-0.13 | $0.75 | $-0.34 | $-0.60 | $-0.88 | $1.27 | $-1.21 | $-1.28 | $-1.44 | $-1.53 | $-1.62 | $-1.54 | $-1.92 | $-2.20 | $-1.59 | $0.27 | $0.50 | $2.53 |
| High Forecast | $0.20 | $1.46 | $0.26 | $0.03 | $0.15 | $1.38 | $0.22 | $0.03 | $0.13 | $1.21 | $-0.01 | $-0.17 | $-0.11 | $0.77 | $-0.33 | $-0.59 | $-0.87 | $1.27 | $-1.18 | $-1.25 | $-1.41 | $-1.50 | $-1.58 | $-1.51 | $-1.88 | $-2.15 | $-1.56 | $0.28 | $0.51 | $2.59 |
| Low Forecast | $0.19 | $1.41 | $0.25 | $0.03 | $0.15 | $1.33 | $0.21 | $-0.07 | $0.04 | $1.16 | $-0.02 | $-0.18 | $-0.16 | $0.74 | $-0.34 | $-0.62 | $-0.90 | $1.27 | $-1.24 | $-1.30 | $-1.47 | $-1.56 | $-1.65 | $-1.57 | $-1.97 | $-2.24 | $-1.63 | $0.27 | $0.49 | $2.48 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.95% | - | - | -0.51% | 1.33% | - | - | 1.63% | 1.13% | - | - | 1.68% | 3.81% | - | - | 1.02% |
According to 2 Wall Street analysts, Carnival's projected average Quarter EPS for Dec 19 is $0.50, with a low estimate of $0.49 and a high estimate of $0.51. This represents a -80.46% decrease compared to CCL previous annual EPS of $2.58 (Aug 19).
Carnival Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| TRIP | Tripadvisor | $14.71 | $26.82 | 82.32% | Buy |
| CCL | Carnival | $18.02 | $23.09 | 28.14% | Buy |
| EXPE | Expedia Group | $150.72 | $167.00 | 10.80% | Hold |
| ABNB | Airbnb | $129.85 | $142.93 | 10.07% | Buy |
| NCLH | Norwegian Cruise Line | $20.39 | $22.09 | 8.34% | Buy |
| BKNG | Booking | $4.19K | $3.38K | -19.36% | Buy |
| RCL | Royal Caribbean Cruises | $179.44 | $120.64 | -32.77% | Buy |
CCL Forecast FAQ
Is Carnival a good buy?
Yes, according to 26 Wall Street analysts, Carnival (CCL) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 21 'Buy' recommendations, accounting for 80.77% of CCL's total ratings.
What is CCL's price target?
Carnival (CCL) average price target is $23.09 with a range of $16.5 to $38, implying a 28.14% from its last price of $18.02. The data is based on 26 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Carnival stock go up soon?
According to Wall Street analysts' prediction for CCL stock, the company can go up by 28.14% (from the last price of $18.02 to the average price target of $23.09), up by 110.88% based on the highest stock price target, and down by -8.44% based on the lowest stock price target.
Can Carnival stock reach $30?
CCL's highest twelve months analyst stock price target of $38 supports the claim that Carnival can reach $30 in the near future.
What is Carnival's current price target trend?
5 Wall Street analysts forecast a $21.3 price target for Carnival (CCL) this month, up 18.20% from its last price of $18.02. Compared to the last 3 and 12 months, the average price target increased by 18.20% and increased by 18.65%, respectively.
Did the CCL's actual financial results beat the analysts' financial forecasts?
In terms of the last quarterly report (May 2023), Carnival's revenue was $4.91B, beating the average analysts' forecast of $4.79B by 2.56%. The company's EBITDA was $768M, missing the average prediction of $-1.542B by -149.82%. Carnival's net income was $-407M, missing the average estimation of $-470M by -13.42%. The company's SG&A was $736M, missing the average forecast of $1.71B by -56.97%. Lastly, the company's EPS was $-0.32, missing the average prediction of $-0.336 by -4.77%