Here's What Analysts Are Saying About Carnival Corporation & plc (CCL)

Carnival Corporation & plc (NYSE:CCL) is one of the most undervalued travel stocks to buy according to hedge funds. Citi reaffirmed a Buy rating on Carnival Corporation & plc (NYSE:CCL) on January 14 and set a $39 price target.

Carnival Corporation & plc (NYSE:CCL) also received a rating update from TD Cowen on January 13, which lifted the price target on the stock to $38 from $35 while maintaining a Buy rating. The firm adjusted price targets in the cruise lines group as part of its 2026 outlook and told investors that despite Caribbean yield headwinds, the underlying cruise demand is strong, with capacity trends favorable through fiscal 2029. It thus expects share upside in 2026 as investors look past “temporary” Caribbean pressures.

In another development, BofA lifted the price target on Carnival Corporation & plc (NYSE:CCL) to $45 from $40 on January 12 and maintained a Buy rating. The firm stated that the aggregated credit and debit card data shows a 10.5% year-over-year growth in monthly cruise spend in December, adding that strength in cruise spending is continually standing out compared to other travel categories. For perspective, total travel spend fell 1.9% year-over-year in December, with hotel spend down 2.4%, and airline spend down 4.1%.

Carnival Corporation & plc (NYSE:CCL) is a global cruise and leisure travel company with a portfolio of cruise lines, including AIDA Cruises, Carnival Cruise Line, Princess Cruises, Costa Cruises, Cunard, Holland America Line, P&O Cruises (Australia), and more. Its segments are divided into NAA cruise operations, Europe cruise operations, Cruise Support, and Tour and Other.

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Disclosure: None. This article is originally published at Insider Monkey.