TD Cowen Lifts Carnival Corporation & plc (CCL) Target, Looks Beyond Caribbean Weakness

Carnival Corporation & plc (NYSE:CCL) is among the stocks under $50 to buy now. On January 13, TD Cowen lifted the price target on Carnival Corporation & plc (NYSE:CCL) to $38 from $35 and maintained a Buy rating. Matching the consensus 1-year median price target, the new price target reflects an upside potential of 35.42%.

Although Caribbean yield pressures will make a “tough” earnings season for Royal and Norwegian, underlying demand for cruise remains strong, and capacity dynamics are positive through FY29, the analyst noted. With investors looking beyond “temporary” Caribbean headwinds, TD Cowen forecasts share upside in 2026.

On the same day, UBS reaffirmed its Buy rating and $38 price target on Carnival Corporation & plc (NYSE:CCL). Robin Farley, an analyst at UBS, anticipates FY26 yield growth 0.3% higher than the company’s projection of 2.5%. Despite this, the firm lowered its reported net yield forecast to 4% YoY, down from 4.4%, due to a more modest foreign exchange tailwind. The firm’s FY28 net yield estimate remains the same at 2.5% YoY growth.

Carnival Corporation & plc (NYSE:CCL) is a Florida-based provider of leisure travel services. Founded in 1972, the cruise company operates through four segments: NAA Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other.

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