UBS Reiterates Buy Rating on Carnival Corporation (CCL)

UBS analyst Robin Farley reiterated a Buy rating and $35.00 price target on Carnival Corporation (NYSE: CCL).

The analyst commented, "Investors are most focused on the tone of business. While CCL did not update the tone of business, they did note that typically, the macro matters more than changes in Caribbean deployments when it comes to pricing. (Investors are worried that NCLH has been struggling as they redeploy ships to the Carib. NCLH is growing its own Carib deployment by more than 40% in 2026, but NCLH is less than 10% of the Carib market overall, so total Carib supply growth is closer to 12% next year, which is above average but not unprecedented. MSC has also been making a loud push into the US market.) CCL is growing Carib deployment +7% next year while the rest of the industry is +16%, so total industry up +12% in Carib, which is a little higher than average, which we estimate is historically closer to high single digits, so next year is not an unprecedented increase."

For an analyst ratings summary and ratings history on Carnival Corporation click here. For more ratings news on Carnival Corporation click here.

Shares of Carnival Corporation closed at $24.76 yesterday.

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