Carnival Corporation Ltd (NYSE:CCL) is one of the Iran Peace Deal Sends Oil Lower: Top 8 Travel Stocks to Buy Now. A number of sell-side firms, including Wells Fargo, Argus Research, Susquehanna, and Citi, recently raised their price targets on Carnival Corporation Ltd (NYSE:CCL), signaling a more positive outlook for the stock. Based on a report released on June 25, Wells Fargo ****** yst Trey Bowers raised the firm's price target on the shares from $36 to $38 while maintaining a Buy rating. The firm's ****** igned price target implies an additional 30% upside from here on.
Stifel Nicolaus joined Wells Fargo in increasing its price target on Carnival Corporation Ltd (NYSE:CCL), marking its second price target increase on the stock in June. As per the latest update, Stifel Nicolaus ****** yst Steven Wieczynski raised the firm's price target on the shares from $36 to $37 and kept a Buy rating on June 24. Earlier in the month, on June 12, the firm had already lifted its price target on the stock to $36 from $35.
All this optimism followed Carnival Corporation Ltd.'s (NYSE:CCL) record second quarter. The company reported its Q2 fiscal 2026 earnings on June 23, posting record revenue, net income, yields, EBITDA, and customer deposits.
CEO Josh Weinstein remarked:
"We have the financial flexibility to simultaneously invest, continue reducing leverage, and accelerate shareholder returns. We have already repurchased $450 million of stock."