What is the highest Carnival cruise stock has been?

The latest closing stock price for Carnival as of November 13, 2023 is 12.78.
  • The all-time high Carnival stock closing price was 66.19 on January 29, 2018.
  • The Carnival 52-week high stock price is 19.55, which is 53% above the current share price.




The all-time high closing price for Carnival Corporation (CCL) stock was $65.91, reached on January 29, 2018. During this period, the global cruise industry was experiencing record growth, and Carnival was trading at its peak valuation before a series of global economic shifts and the unprecedented 2020 pandemic caused a massive downturn in travel stocks. In 2026, the stock has shown significant recovery as demand for cruising has surged to new heights, but it still remains well below that historical 2018 peak. For long-term investors, the stock's history is often divided into the "pre-pandemic" era of high dividends and the "recovery" era of 2023–2026, where the company focused on aggressive debt reduction and fleet modernization. While the stock has seen a 52-week high of around $34.03 recently, the $65 mark stands as a symbol of the industry's former market dominance, providing a historical benchmark for the company’s ongoing efforts to return to full financial strength and regain its blue-chip investment status.

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Stock Price Forecast The 18 analysts offering 12-month price forecasts for Carnival Corp have a median target of 16.50, with a high estimate of 25.00 and a low estimate of 10.18. The median estimate represents a +18.79% increase from the last price of 13.89.

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Compared to the current market price of 12.5 USD, Carnival Corp is Undervalued by 63%.

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Shares of Carnival stock cost around $15.50 a share in mid-2023. It would cost about $1,550 to buy 100 shares of Carnival stock at that price point.

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Carnival's stock is still vulnerable due to its massive $30 billion-plus debt load it had to accumulate during the pandemic. Now that we're on the other side of the pandemic and getting back to normal, it's no surprise there's volatility.

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Carnival and Disney paused dividend payments due to complications from the pandemic. Fool.com contributor Parkev Tatevosian evaluates Carnival (CCL -5.19%) and Disney (DIS -0.89%) to determine which company is in a better financial position to pay a dividend.

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Carnival is finally recovering from its worst two years in recent history, and its outlook seems stable. However, the debt it accumulated during the pandemic remains an albatross around its neck. While the stock looks cheap, investors should tread with caution for now.

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The world's largest cruise line operator is trading 126% higher in 2023. It might not be too late to hop aboard. The waves keep rising for Carnival (CCL -6.60%). Shares of the world's largest cruise line operator have more than doubled this year, and the Wall Street accolades keep coming.

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Compared to the current market price of 12.78 USD, Carnival Corp is Undervalued by 48%.

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Based on analysts offering 12 month price targets for CCL in the last 3 months. The average price target is $18.27 with a high estimate of $23 and a low estimate of $14.

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