Carnival Stock Forecast 2026

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Carnival Stock Forecast 2026

Carnival Corp (CCL) Stock Can Reach $40 In 2026

One of the top names in the global cruise industry is Carnival Corp (CCL). They have multiple brands under their control and have 90 ships! These ships are located in different parts of the world and serve consumers on a global scale.

During the COVID-19 pandemic, the operations of Carnival were halted, and the company had to go through tough times. But since then, Carnival has made a solid comeback.

Carnival Stock Has P/E Ratio Of 14.7

A number of analysts think that Carnival stock can easily cross the $40 level this year. If we look at the track record of Carnival stock, it gained 180% in the last 36 months.

And if we look at the Carnival stock price in 2025, it increased by 41%. So, it's safe to say that Carnival stock can easily achieve its target of $40 in 2026.

After all, the Carnival stock would only need an upside of 38% to go from current levels to $40 in this year. Even the current valuation is very solid and supports a bull case.

The P/E ratio of Carnival is around 14.7, which is way lower than the S&P 500's average of 25.7. So, even the P/E ratio suggests that Carnival stock can easily achieve its target without getting overvalued.

The demand also remains robust as the Carnival ended the Q4 with around $7.2 billion in cash. Also, the fact that cruises are usually cheaper than land resorts means more consumers would prefer what Carnival offers.

The Carnival management is also expanding its service lineup and products. All of these factors tell us that 2026 is going to be a great year for the Carnival stock.

Also, the US Fed is expected to cut rates at least 3 more times this year. Once again, lower rates are good for Carnival's core business.

Even the analysts point out that the global economy remains very favorable for spending on travel and leisure. So, all of these things make it very easy for the Carnival stock price to cross the $40.

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