Carnival Cruise Line (CCL, Financial) has broadened its operations in Australia by adding two new ships, Carnival Adventure and Carnival Encounter, increasing its global fleet to an unprecedented 29 vessels. These ships have been integrated into the Carnival fleet and refurbished to include the brand's signature entertainment and dining experiences. This expansion, highlighted by events in Sydney and Brisbane, is set to tap into strong local demand and expects to serve over 500,000 guests from Australian ports this year, reinforcing Carnival's standing as a leader in the cruise market.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 22 analysts, the average target price for Carnival Corp (CCL, Financial) is $28.78 with a high estimate of $34.00 and a low estimate of $14.00. The average target implies an upside of 43.30% from the current price of $20.09. More detailed estimate data can be found on the Carnival Corp (CCL) Forecast page.
Based on the consensus recommendation from 27 brokerage firms, Carnival Corp's (CCL, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Carnival Corp (CCL, Financial) in one year is $22.28, suggesting a upside of 10.93% from the current price of $20.085. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Carnival Corp (CCL) Summary page.
