Carnival (CCL) – Analysts’ Weekly Ratings Changes

Several analysts have recently updated their ratings and price targets for Carnival (NYSE: CCL):

• 3/30/2026 – Carnival was upgraded by Weiss Ratings from “hold (c+)” to “buy (b-)”.
• 3/30/2026 – Carnival had its price target lowered by Citigroup Inc. from $39.00 to $35.00. They now have a “buy” rating on the stock.
• 3/30/2026 – Carnival had its price target lowered by Wells Fargo & Company from $40.00 to $37.00. They now have an “overweight” rating on the stock.
• 3/30/2026 – Carnival had its price target lowered by Sanford C. Bernstein from $33.00 to $28.70. They now have a “market perform” rating on the stock.
• 3/30/2026 – Carnival was upgraded by HSBC Holdings plc from “hold” to “buy”. They now have a $30.10 price target on the stock, down from $33.60.
• 3/28/2026 – Carnival was downgraded by Wall Street Zen from “buy” to “hold”.
• 3/27/2026 – Carnival had its price target raised by Mizuho from $38.00 to $39.00. They now have an “outperform” rating on the stock.
• 3/24/2026 – Carnival had its price target lowered by Truist Financial Corporation from $34.00 to $30.00. They now have a “hold” rating on the stock.
• 3/24/2026 – Carnival had its price target lowered by Barclays PLC from $37.00 to $36.00. They now have an “overweight” rating on the stock.
• 3/23/2026 – Carnival had its price target lowered by Susquehanna from $40.00 to $30.00. They now have a “positive” rating on the stock.
• 3/19/2026 – Carnival was upgraded by Morgan Stanley from “equal weight” to “overweight”. They now have a $31.00 price target on the stock, down from $33.00.
• 3/11/2026 – Carnival had its price target lowered by The Goldman Sachs Group, Inc. from $34.00 to $30.00. They now have a “buy” rating on the stock.
• 3/11/2026 – Carnival had its price target lowered by Stifel Nicolaus from $40.00 to $35.00. They now have a “buy” rating on the stock.
• 3/9/2026 – Carnival was downgraded by Zacks Research from “strong-buy” to “hold”.
• 3/5/2026 – Carnival had its price target raised by Wells Fargo & Company from $38.00 to $40.00. They now have an “overweight” rating on the stock.
• 3/3/2026 – Carnival had its “outperform” rating reaffirmed by William Blair.
• 2/6/2026 – Carnival was upgraded by Zacks Research from “hold” to “strong-buy”.

Insiders Place Their Bets

In other Carnival news, Director Sir Jonathon Band sold 11,988 shares of the company’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $26.19, for a total value of $313,965.72. Following the transaction, the director directly owned 52,601 shares of the company’s stock, valued at $1,377,620.19. This represents a 18.56% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 7.90% of the stock is currently owned by corporate insiders.

Carnival Corporation (NYSE: CCL) is a global cruise operator that provides leisure travel services through a portfolio of passenger cruise brands. The company’s core business is operating cruise ships that offer multi-night voyages and associated vacation services, including onboard accommodations, dining, entertainment, spa and wellness offerings, casinos, youth programs, and organized shore excursions. Carnival markets cruise vacations to a broad range of consumers, from value-focused travelers to premium and luxury segments, through differentiated brand positioning and onboard experiences.

Its operating structure comprises multiple well-known cruise brands that target distinct geographic and demographic markets.