Stifel analyst Steven Wieczynski reiterated a Buy rating and $35.00 price target on Carnival Corporation (NYSE: CCL).

The analyst comments "Pretty much our worst-case scenario came true and something we were nervous about going into this print/guide. CCL posted an incredibly solid quarter, gave better than expected revised 2026 guidance, had positive booking commentary, and, more important, provided a new set of long-range financial targets. However, all those positives were ignored given the fact CCL reported on a day when Middle East tensions escalated while fuel prices spiked once again. In our opinion, cooler heads will eventually prevail (when, is the million-dollar question?) and once they do, we believe CCL shares will massively re-rate. Obviously, trying to time the bottom for CCL shares, or cruise operators in general, is incredibly tricky right now. But when taking a step back and understanding the core underlying fundamentals are beyond healthy (even with an uncertain geopolitical backdrop) and overall supply growth will remain depressed, the longterm outlook for CCL shares is beyond compelling."

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 $24.19 yesterday.