Carnival Corp (CCL)

• Market cap: $30.8B
• 1 day: 2.76%
• 5 days: 15.37%
• 1 month: 27.61%
• 3 months: -12.06%
• 6 months: -7.37%
• Year to date: -9.08%
• 1 year: 56.18%
• 5 years: 85.48%
• 10 years: -50.32%
• Sector: Consumer Discretionary
• Industry: Travel Services

About: Carnival is the largest global cruise company, with more than 90 ships in service at the end of fiscal 2024. Its portfolio of brands includes Carnival Cruise Lines, Holland America, Princess Cruises, and Seabourn in North America; P&O Cruises and Cunard Line in the United Kingdom; Aida in Germany; Costa Cruises in Southern Europe. It's currently folding its P&O Australia brand into Carnival. The firm also owns Holland America Princess Alaska Tours in Alaska and the Canadian Yukon. Carnival's brands attracted 14 million guests in 2024.

Employees: 100,000

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

111% more first-time investments, than exits

New positions opened: 184 | Existing positions closed: 87

43% more capital invested

Capital invested by funds: $12.9B [Q3] → $18.5B (+$5.56B) [Q4]

23% more repeat investments, than reductions

Existing positions increased: 309 | Existing positions reduced: 251

9% more funds holding

Funds holding: 846 [Q3] → 926 (+80) [Q4]

3.49% more ownership

Funds ownership: 62.66% [Q3] → 66.15% (+3.49%) [Q4]

14% less funds holding in top 10

Funds holding in top 10: 14 [Q3] → 12 (-2) [Q4]

48% less call options, than puts

Call options by funds: $1.09B | Put options by funds: $2.11B

Research analyst outlook

8 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $21 8% downside
• Avg. target: $28 21% upside
• High target: $33 45% upside

8 analyst ratings

• positive: 6 75%
• neutral: 2 25%
• negative: 0 0%

Macquarie Paul Golding 36% 1-year accuracy 21 / 59 met price target	14% upside $26	Outperform Maintained	9 May 2025
Barclays Brandt Montour 48% 1-year accuracy 42 / 87 met price target	14% upside $26	Overweight Maintained	22 Apr 2025
Morgan Stanley Jamie Rollo 33% 1-year accuracy 1 / 3 met price target	8% downside $21	Equal-Weight Upgraded	10 Apr 2025
Tigress Financial Ivan Feinseth 55% 1-year accuracy 40 / 73 met price target	41% upside $32	Strong Buy Maintained	26 Mar 2025
Citigroup James Hardiman 30% 1-year accuracy 9 / 30 met price target	32% upside $30	Buy Maintained	24 Mar 2025