Carnival (NYSE:CCL) Price Target Cut to $37.00 by Analysts at Wells Fargo & Company

Carnival (NYSE:CCL) had its price target reduced by Wells Fargo & Company from $40.00 to $37.00 in a report published on Monday,Benzinga reports. They currently have an overweight rating on the stock.

CCL has been the topic of a number of other research reports. Zacks Research downgraded Carnival from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 9th. William Blair reiterated an “outperform” rating on shares of Carnival in a research report on Tuesday, March 3rd. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Carnival from $33.00 to $34.00 and gave the stock a “hold” rating in a research report on Monday, December 22nd. Wolfe Research reaffirmed an “outperform” rating on shares of Carnival in a research note on Friday, December 19th. Finally, Truist Financial lowered their price objective on shares of Carnival from $34.00 to $30.00 and set a “hold” rating for the company in a research report on Tuesday, March 24th. Twenty research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $34.17.

Carnival Stock Down 1.1%

CCL opened at $23.92 on Monday. The company has a market capitalization of $29.63 billion, a PE ratio of 10.63, a price-to-earnings-growth ratio of 1.07 and a beta of 2.42. The firm has a 50-day simple moving average of $28.85 and a two-hundred day simple moving average of $28.75. The company has a quick ratio of 0.26, a current ratio of 0.30 and a debt-to-equity ratio of 1.82. Carnival has a 52 week low of $15.07 and a 52 week high of $34.03.

Carnival (NYSE:CCL) last issued its earnings results on Friday, March 27th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.02. The firm had revenue of $6.17 billion for the quarter, compared to analysts’ expectations of $6.13 billion. Carnival had a return on equity of 26.92% and a net margin of 11.48%.The business’s revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.13 earnings per share. Analysts forecast that Carnival will post 1.77 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Carnival

Hedge funds and other institutional investors have recently made changes to their positions in the company. CVA Family Office LLC boosted its stake in shares of Carnival by 15.6% during the 4th quarter. CVA Family Office LLC now owns 2,597 shares of the company’s stock worth $79,000 after purchasing an additional 350 shares during the period. Net Worth Advisory Group raised its position in Carnival by 2.9% in the 4th quarter. Net Worth Advisory Group now owns 12,383 shares of the company’s stock worth $378,000 after purchasing an additional 354 shares during the period. Triad Wealth Partners LLC raised its position in Carnival by 2.1% in the 4th quarter. Triad Wealth Partners LLC now owns 17,464 shares of the company’s stock worth $533,000 after purchasing an additional 358 shares during the period. Commerzbank Aktiengesellschaft FI lifted its stake in Carnival by 3.5% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 10,540 shares of the company’s stock worth $322,000 after purchasing an additional 358 shares during the last quarter. Finally, StoneX Group Inc. lifted its stake in Carnival by 4.9% in the fourth quarter. StoneX Group Inc. now owns 7,935 shares of the company’s stock worth $242,000 after purchasing an additional 368 shares during the last quarter. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Key Headlines Impacting Carnival

Here are the key news stories impacting Carnival this week:

• Positive Sentiment: Q1 beat and record bookings — Carnival reported a revenue and EPS beat for Q1, with management saying ~85% of 2026 bookings are already on the books and cumulative future-year bookings hit a first-quarter record; that underpins near-term demand and revenue visibility. Carnival delivers solid bookings and operational gains during Q1 amid rising fuel risks: analysts
• Positive Sentiment: Shareholder returns & PROPEL roadmap — Management launched the PROPEL strategic plan with long-term targets, reinstated a dividend and authorized a $2.5B buyback, indicating commitment to returning cash and improving ROIC. Carnival delivers solid bookings and operational gains during Q1 amid rising fuel risks: analysts
• Positive Sentiment: BofA and other bullish calls — BofA continues to back CCL with a high $45 price target (citing ~86% upside) and several brokers have reiterated Buy/Overweight ratings despite some lower targets. Why This Top Analyst Expects Carnival Stock To Explode 86%
• Neutral Sentiment: Relative industry positioning — Analysts note Carnival looks better positioned versus Norwegian (NCLH) on demand, pricing and execution, which supports a preference for CCL among cruise names. CCL vs. NCLH: Which Cruise Stock Is Better Positioned for 2026?
• Neutral Sentiment: Analyst price target moves — Several firms (Citigroup, Wells Fargo, Sanford Bernstein) trimmed price targets or adjusted ratings but largely maintained constructive stances — evidence of cautious optimism rather than panic. Carnival (NYSE:CCL) Price Target Raised to $39.00
• Negative Sentiment: Rising fuel costs — A recent oil-price spike is the main near-term risk: Carnival doesn’t hedge fuel fully, so higher bunker prices could meaningfully compress margins and was cited by multiple analysts as the reason for downward target adjustments. An Oil Price Shock Is Hurting Carnival Stock. But Is It a Buy Now in Hopes of a Quick Turnaround?
• Negative Sentiment: Technical/headline risk — The stock faces technical pressure (50-day vs 200-day moving averages) and could attract short-term selling from momentum players if oil-driven margin worries persist. Market commentary on technicals and sector trends

About Carnival

Carnival Corporation (NYSE: CCL) is a global cruise operator that provides leisure travel services through a portfolio of passenger cruise brands. The company’s core business is operating cruise ships that offer multi-night voyages and associated vacation services, including onboard accommodations, dining, entertainment, spa and wellness offerings, casinos, youth programs, and organized shore excursions. Carnival markets cruise vacations to a broad range of consumers, from value-focused travelers to premium and luxury segments, through differentiated brand positioning and onboard experiences.

Its operating structure comprises multiple well-known cruise brands that target distinct geographic and demographic markets.