Tigress Financial Rates Carnival (CCL) Buy, $42 Price Target
Tigress Financial keeps its Buy rating on Carnival Corporation with a $42 price target, a 62.51% upside from the current price.
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Tigress Financial rated Carnival Corporation Ltd. ($CCL) "Buy" with a $42 price target on October 13, 2026.
Since the rating, $CCL is down 3.1% to date (from the $26.73 close on Oct 13, 2026).
CCL
Carnival Corporation Ltd.
Key Points
- On October 13, 2026, Tigress Financial reiterated its Buy rating for Carnival Corporation Ltd. with a price target of $42.00.
- Tigress Financial's $42 price target implies 62.51% upside from Carnival Corporation Ltd.'s ($CCL) current $25.84 share price.
- As of October 16, 2026, Carnival shares traded recently around $25.84, which is about 38.5% below the analyst's target.
- Other analysts have also maintained positive views, with targets ranging from $30 to $36, showing confidence in the company's recovery.
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Not investment advice. EarningsIQ is not a registered investment adviser, and this automated Carnival Corporation Ltd. alert may contain errors. Disclosures
Tigress Financial reiterated its Buy rating for Carnival Corporation Ltd. (NYSE: CCL) on October 13, 2026, maintaining a price target of $42.00. This target represents a significant upside from the stock's recent trading price.
What Changed in Tigress Financial's Carnival Position
Tigress Financial's target remains unchanged at $42.00, indicating their continued confidence in the company's future performance. This target is notably higher than the recent trading price of approximately $25.84, suggesting that the stock is currently undervalued.
Other Institutional Activity in Carnival
Several other prominent funds have also shown interest in Carnival Corporation. Blackrock Inc. holds 96,304,948 shares valued at about $2.49 billion, after increasing its position by 6,325,552 shares, a 7.0% rise. Vanguard Capital Management LLC owns 82,678,077 shares worth around $2.14 billion, with a 12.5% increase after adding 9,206,045 shares. Vanguard Portfolio Management LLC has 62,406,507 shares valued at about $1.62 billion, growing its stake by 7,630,323 shares, a 13.9% increase. State Street Corporation also increased its holdings by 7,977,995 shares, now owning 58,217,260 shares worth about $1.51 billion, reflecting a 15.9% rise. Causeway Capital Management LLC added 4,095,320 shares to reach 41,190,606 shares valued at about $1.07 billion, an 11.0% increase.
Carnival Corporation Ltd. Stock Down 2.3%
Carnival Corporation's stock is currently trading around $25.84, which is well below the $42 target set by Tigress Financial. This price gap of about 38.5% below the target could indicate potential for growth if the company's performance aligns with analyst expectations.
$CCL price target
Carnival Corporation Ltd. daily closes and this analyst's $42 target. Not advice.
Recent Earnings
Carnival reported trailing twelve-month revenue of approximately $27.31 billion and an earnings per share (EPS) of $2.22. The company's revenue growth year-over-year stood at 5.3%, with a net margin of 11.2% and a return on equity of 26.7%.
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.
Insider Buying and Selling at Carnival Corporation Ltd.
Recent insider transactions include Chief Financial Officer David Bernstein, who sold 361,790 shares on February 10, 2026, for a total value of about $12.02 million at an average price of $33.22. Director Sir Jonathon Band sold 12,000 shares on April 1, 2026, valued at approximately $314,266. Another Director, Stuart A Subotnick, sold shares on May 11, 2026, at a price of $25.22, totaling $5.00. Officer Bettina Alejandra Deynes sold 43,058 shares on May 28, 2026, for about $1.21 million at an average price of $28.10.
Analysts Set New Price Targets
On October 13, 2026, Tigress Financial maintained its Buy rating on Carnival with a target of $42.00. Earlier, on September 30, 2026, Morgan Stanley kept its Overweight rating but raised its target to $32.50 from $31.00. Freedom Broker also maintained its Buy rating with a target of $36.00, up from $35.00. Argus Research maintained a Buy rating but lowered its target to $30.00 from $35.00, while Wells Fargo kept its Overweight rating with a target of $34.00, down from $36.00. The consensus among analysts suggests a positive outlook for Carnival Corporation.
About Carnival Corporation
Carnival Corporation Ltd. is a leading cruise company that provides leisure travel services. Based in Miami, Florida, it operates various cruise lines and has a diverse portfolio that includes hotels and tour services. This reiteration of the Buy rating by Tigress Financial comes as the company continues to recover from recent industry challenges.
Bottom Line
Investors should watch for Carnival's next earnings report and any further analyst updates. With a significant gap between the current stock price and analyst targets, the market's response to upcoming financial results could be telling.
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Source: Tigress Financial's rating change on $CCL (Oct 13, 2026). Written by software, not financial advice. How we make alerts