50/100BCarnival stock forecast 2026–2030
Analysts' average 12-month price target for Carnival is 33.16, 12.1% above the current price of 29.59. Their targets range from 28.70 to 42.00.
Of the 21 firms that rated Carnival in the past 12 months, 18 rate it buy or strong buy, 3 hold and 0 sell or strong sell (each firm at its latest rating): a Strong buy consensus.
Analysts' 1-year price targets range from 28.70 to 42.00, with an average of 33.16.
| Strong buy | 0 | |
| Buy | 18 | |
| Hold | 3 | |
| Sell | 0 | |
| Strong sell | 0 |
12-month price target
| Highest target | 42.00 |
| Average target | 33.16 |
| Lowest target | 28.70 |
| Current price | 29.59 |
Carnival price target history
Have analysts recently raised or lowered their Carnival price target and rating?
How analysts rate Carnival, month by month
18 of 21 firms rate it buy now, against 14 of 18 in December 2025.
Each month: every firm at its latest rating from the 12 months before. Strong buys count as buys, strong sells as sells.
Carnival analyst upgrades, downgrades and price targets
The latest rating change came on 30 March 2026, when HSBC upgraded Carnival from Hold to Buy. The most recent new target came from Argus Research on 1 October 2026: 30.00.
| Date | Firm | Rating | Price target | Change | Price then |
|---|---|---|---|---|---|
| 1 Oct 2026 | Argus Research | Reiterated · Buy | 35.00 → 30.00 | -14.3% | 24.69 |
| 1 Oct 2026 | Wells Fargo Trey Bowers | Reiterated · Overweight | 36.00 → 34.00 | -5.6% | 24.54 |
| 30 Sept 2026 | UBS Robin Farley | — | 38.00 → 36.00 | -5.3% | 25.04 |
| 30 Sept 2026 | Bernstein Richard Clarke | — | 33.00 → 28.70 | -13.0% | 25.38 |
| 30 Sept 2026 | Susquehanna Christopher Stathoulopoulos | Reiterated · Positive | 28.00 → 29.00 | +3.6% | 25.11 |
| 29 Sept 2026 | Morgan Stanley Jamie Rollo | — | 33.00 → 32.50 | -1.5% | 25.11 |
| 24 Sept 2026 | Susquehanna | Reiterated · Positive | 33.00 → 28.00 | -15.2% | 21.80 |
| 22 Sept 2026 | Deutsche Bank | — | 29.00 → 32.00 | +10.3% | 22.31 |
| 17 Sept 2026 | Goldman Sachs Lizzie Dove | Reiterated · Buy | 34.00 → 30.00 | -11.8% | 22.35 |
| 16 Sept 2026 | Stifel Nicolaus | Reiterated · Buy | 36.00 → 35.00 | -2.8% | 22.11 |
| 16 Sept 2026 | Barclays Brandt Montour | Reiterated · Overweight | 35.00 → 33.00 | -5.7% | 22.11 |
| 15 Sept 2026 | Deutsche Bank Chris Woronka | Reiterated · Hold | 34.00 → 29.00 | -14.7% | 22.28 |
| 7 Jul 2026 | BMO Capital Tristan Thomas-Martin | — | 30.00 | — | 26.68 |
| 30 Jun 2026 | Tigress Financial Ivan Feinseth | Reiterated · Buy | 40.00 → 42.00 | +5.0% | 28.57 |
| 26 Jun 2026 | Argus Research | — | 35.00 | — | 28.85 |
| 24 Jun 2026 | Susquehanna | Reiterated · Positive | 40.00 → 33.00 | -17.5% | 28.72 |
| 24 Jun 2026 | Barclays | Reiterated · Overweight | 36.00 → 35.00 | -2.8% | 28.72 |
| 17 Jun 2026 | Melius Research | — | 36.00 | — | 30.85 |
| 12 Jun 2026 | Stifel Nicolaus Steven Wieczynski | Reiterated · Buy | 40.00 → 36.00 | -10.0% | 28.12 |
| 1 Jun 2026 | Loop Capital Markets | — | 22.00 → 36.00 | +63.6% | 28.06 |
| 15 Apr 2026 | Wells Fargo | Reiterated · Overweight | 38.00 → 36.00 | -5.3% | 28.69 |
| 30 Mar 2026 | HSBC | Upgraded · Hold → Buy | — | — | — |
| 27 Mar 2026 | Mizuho Securities | Reiterated · Outperform | 38.00 → 39.00 | +2.6% | 24.19 |
| 19 Mar 2026 | Morgan Stanley | Upgraded · Equal Weight → Overweight | — | — | — |
| 22 Jan 2026 | Truist Financial | Reiterated · Hold | 31.00 → 34.00 | +9.7% | 28.21 |
| 12 Jan 2026 | UBS Robin Farley | Reiterated · Buy | 37.00 → 38.00 | +2.7% | 31.70 |
| 7 Jan 2026 | Morgan Stanley Jamie Rollo | — | 22.00 → 33.00 | +50.0% | 31.89 |
| 6 Jan 2026 | Bernstein | Reiterated · Market Perform | 33.00 | — | 32.27 |
| 22 Dec 2025 | Deutsche Bank | Reiterated · Hold | 33.00 → 34.00 | +3.0% | 31.92 |
| 22 Dec 2025 | Mizuho Securities | Reiterated · Outperform | 37.00 → 38.00 | +2.7% | 31.12 |
| 22 Dec 2025 | Truist Financial Patrick Scholes | — | 27.00 → 31.00 | +14.8% | 31.92 |
| 22 Dec 2025 | Stifel Nicolaus Steven Wieczynski | Reiterated · Buy | 38.00 → 40.00 | +5.3% | 31.12 |
| 22 Dec 2025 | Goldman Sachs Lizzie Dove | — | 34.00 | — | 31.12 |
| 22 Dec 2025 | Wells Fargo Trey Bowers | Reiterated · Overweight | 35.00 → 38.00 | +8.6% | 31.12 |
| 18 Dec 2025 | UBS | Reiterated · Buy | 35.00 → 37.00 | +5.7% | 28.12 |
| 17 Dec 2025 | Barclays | Reiterated · Overweight | 37.00 → 36.00 | -2.7% | 28.20 |
| 16 Dec 2025 | Deutsche Bank | — | 33.00 | — | 28.77 |
| 16 Dec 2025 | Susquehanna | Reiterated · Positive | 35.00 → 40.00 | +14.3% | 28.60 |
| 15 Dec 2025 | Jefferies | Reiterated · Buy | 37.00 | — | 27.62 |
| 12 Dec 2025 | Wells Fargo Trey Bowers | Reiterated · Overweight | 35.00 | — | 27.86 |
Carnival EPS and revenue estimates
Revenue
EPS
Does Carnival beat earnings estimates?
On average, analysts' EPS estimate was 122.7% off the result, either way, and their revenue estimate 0.8%, over the last 12 quarters.
- EPS beats
- 108 / 135
- Revenue beats
- 93 / 119
- Average EPS surprise, last 12
- +122.7%
- Since
- January 1993
| Quarter | Report date | EPS estimate | Reported EPS | Surprise | Revenue estimate | Reported revenue | Surprise |
|---|---|---|---|---|---|---|---|
| Q3 FY2026 | 29 Sept 2026 | 1.35 | 1.43 | +5.9% | 8.39B | 8.44B | +0.6% |
| Q2 FY2026 | 23 Jun 2026 | 0.34 | 0.41 | +19.1% | 6.69B | 6.66B | -0.4% |
| Q1 FY2026 | 27 Mar 2026 | 0.18 | 0.20 | +8.5% | 6.14B | 6.17B | +0.4% |
| Q4 FY2025 | 19 Dec 2025 | 0.25 | 0.34 | +37.0% | 6.37B | 6.33B | -0.6% |
| Q3 FY2025 | 29 Sept 2025 | 1.32 | 1.43 | +8.3% | 8.10B | 8.15B | +0.6% |
| Q2 FY2025 | 24 Jun 2025 | 0.25 | 0.35 | +41.9% | 6.21B | 6.33B | +2.0% |
| Q1 FY2025 | 21 Mar 2025 | 0.03 | 0.13 | +381.5% | 5.75B | 5.81B | +1.1% |
| Q4 FY2024 | 20 Dec 2024 | 0.06 | 0.14 | +133.3% | 5.94B | 5.94B | +0.0% |
| Q3 FY2024 | 30 Sept 2024 | 1.16 | 1.27 | +9.5% | 7.83B | 7.90B | +0.9% |
| Q2 FY2024 | 25 Jun 2024 | 0.01 | 0.11 | +765.5% | 5.68B | 5.78B | +1.8% |
| Q1 FY2024 | 27 Mar 2024 | -0.18 | -0.14 | +20.7% | 5.42B | 5.41B | -0.3% |
| Q4 FY2023 | 21 Dec 2023 | -0.12 | -0.07 | +41.7% | 5.44B | 5.40B | -0.7% |
Carnival stock price 2026–2030: scenarios
If Carnival's earnings keep growing at the 10.7% a year analysts expect to FY2028, it would earn about 3.75 a share in FY2030. At the P/E it has traded at over the last five years (12.3 to 17.0) that is 46.28 to 63.54 a share, or 54.91 at its average P/E of 14.7. This is arithmetic on the analysts' estimates, not a prediction.
| Fiscal year | EPS | Bear | Base | Bull |
|---|---|---|---|---|
| FY2026 | 2.26 | 27.88 | 33.08 | 38.28 |
| FY2027 | 2.58 | 31.84 | 37.78 | 43.71 |
| FY2028 | 3.06 | 37.73 | 44.77 | 51.81 |
| FY2029 (extrapolated) | 3.38 | 41.79 | 49.58 | 57.37 |
| FY2030 (extrapolated) | 3.75 | 46.28 | 54.91 | 63.54 |
Each year's EPS is the analysts' consensus to FY2028; the years after continue its 10.7% a year. Bear, base and bull apply the lowest, average and highest P/E of the last five fiscal year ends (12.3, 14.7, 17.0).
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