Susquehanna Rates Carnival (CCL) buy, $33 Price Target
Susquehanna has reiterated its buy rating on Carnival Corp, setting a price target of $33, a 15.95% upside from the current price.
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Susquehanna rated Carnival Corporation Ltd. ($CCL) "buy" with a $33 price target on June 24, 2026.
Since the rating, $CCL is down 1.4% after 1 week, down 8.9% after 1 month and down 9.9% to date (from the $28.76 close on Jun 24, 2026).
CCL
Carnival Corporation Ltd.
Key Points
- Susquehanna reiterated its buy rating on Carnival Corporation Ltd. with a target price of $33 on June 24, 2026.
- Carnival shares are currently priced at $28.46, showing potential upside based on the new target.
- The company has a market cap of about $30.6 billion and is set to report earnings on September 29, 2026.
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Susquehanna's Buy Rating on Carnival
On June 24, 2026, Susquehanna reiterated its buy rating on Carnival Corporation Ltd. (NYSE: CCL) with a price target of $33. The stock is currently trading at $28.46, suggesting that analysts see room for growth. This rating reflects confidence in the company's future performance, especially as it continues to recover from the impacts of the pandemic.
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Analysts Set New Price Targets
Several other firms have also maintained positive ratings on Carnival. On June 30, 2026, Tigress Financial kept its buy rating with a target of $42. Freedom Broker and Argus Research also maintained their buy ratings, with targets of $36 and $30, respectively. This consistent support from analysts highlights a general optimism around Carnival's business prospects as it navigates the travel services industry.
How Carnival Corporation Ltd. Stock Has Traded
Carnival's shares are trading near their 52-week low of $21.81, with a high of $34.03. The current price of $28.46 positions the stock well below its previous highs, indicating potential for recovery as travel demand increases. The company has a P/E ratio of about 10.05, which is relatively low for the sector, suggesting that the stock could be undervalued.
$CCL price target
Carnival Corporation Ltd. daily closes and this analyst's $33 target. Not advice.
Recent Earnings
Carnival reported revenue of approximately $27.3 billion for its last fiscal year, with a revenue growth of about 5.3%. The company has an EPS of $2.22 and a net margin of 11.2%, demonstrating its ability to generate profits as it recovers from past challenges. Its next earnings report is scheduled for September 29, 2026, which will provide further insights into its financial health.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
5 target cuts vs 1 raises.
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EPS & revenue
EPS beat estimates by 7.3%. Revenue missed estimates by 0.5%.
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Profit surprise
EBITDA met by 1 percent. Operating income beat by 3 percent.
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Pre-earnings setup
Bar was high, analysts already very bullish.
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Analyst signal
1 upgrade, 1 target raise, 5 target cuts.
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Earnings quality
Gross margin up 0.9 points. Positive free cash flow.
Earnings Call Summary
Carnival posted strong first quarter results with record revenue, yields, and customer deposits near $8 billion. Net income jumped 55 percent year over year to $275 million. Demand remained robust with close-in bookings up 10 percent year over year and nearly 85 percent of 2026 sailings already booked at high prices. Management credited strong execution and higher onboard spending. However, geopolitical tensions and fuel price spikes created a $500 million headwind to full year guidance, which management offset with operational improvements of $150 million.
Guidance Carnival raised 2026 earnings guidance to $2.21 per share, up from prior December view, despite a $500 million fuel headwind. Management expects modest 2.75 percent yield growth and 3.1 percent cruise cost growth for the full year. They introduced PROPEL targets for 2029: greater than 16 percent return on invested capital, more than 50 percent earnings per share growth from 2025, and over 40 percent of operating cash returned to shareholders, roughly $14 billion.
Clearly negative report. The company missed important expectations and likely triggers downward revisions.
What Carnival Corporation Ltd. Does
Carnival Corporation Ltd. is a major cruise line operator, providing leisure travel services through a variety of brands. It operates multiple cruise lines and offers services that include hotel accommodations and tours. Given the recent analyst support, it seems the company is on a path to recover and grow as travel demand rebounds post-pandemic.
What's Ahead for Carnival Corporation Ltd.
Investors will be watching Carnival closely as it approaches its next earnings date. The reiteration of the buy rating by Susquehanna and other firms may influence market sentiment. Remember, the 13F filings reflect past holdings and may not represent current positions, so further updates will be important as they come in.
Related Filing Alerts
Source: Susquehanna's rating change on $CCL (Jun 24, 2026). Written by software, not financial advice. How we make alerts