Based on 13 Wall Street analysts offering 12 month price targets for Carnival in the last 3 months. The average price target is $18.27 with a high forecast of $23.00 and a low forecast of $14.00. The average price target represents a 43.18% change from the last price of $12.76.

As of late February 2026, the analyst consensus for Carnival Corporation (CCL) is generally positive, with a "Moderate Buy" to "Strong Buy" rating from most major financial firms. Analysts have recently raised their price targets to a range of $35 to $45, citing record-breaking bookings and a significant reduction in the company's long-term debt. Carnival reported record revenues of over $26 billion for the 2025 fiscal year, and its 2026 guidance suggests continued growth in yields and onboard spending. The stock is currently trading at a valuation that is seen as a "discount" compared to the broader S&P 500, providing room for growth as the cruise industry reaches full capacity and record customer deposits. However, some caution remains regarding macroeconomic factors like fuel costs and consumer confidence; if the global economy stays stable, the combination of high demand for affordable vacations and Carnival's improving balance sheet makes a stock price increase highly probable throughout 2026.