Carnival (NYSE: CCL) Stock Analysis: Price Target Update and Earnings Outlook

• Melius Research sets a new price target of $36.00 for Carnival stock, indicating a 16.69% potential upside.
• Carnival (NYSE: CCL) demonstrates strong stock momentum, outperforming its sector and the S&P 500 with a 20.92% gain over the past month.
• Upcoming earnings report on June 23, 2026, anticipates revenue growth to $6.69 billion, with EPS forecast at $0.34, though analysts expect a beat.

Carnival (NYSE: CCL) is a leading global cruise company that provides leisure travel to destinations worldwide. As a major player in the consumer discretionary sector, its stock performance is often watched by investors. The company has a market capitalization of approximately $42.66 billion, and its stock has traded between $22.58 and $34.03 over the past year.

An analyst at Melius Research sets a new price target for Carnival at $36.00. A price target is a projection of a stock's future value. At the time of the update, the stock's price was $30.85. This new target suggests a potential upside, or increase in value, of 16.69% for investors.

The company's stock shows recent positive momentum. In a recent session, Carnival closed at $30.90, a 2.59% increase, while the broader market declined. Over the past month, its shares have gained 20.92%. This stock performance is significantly better than the 2.7% gain for its sector and the 2.14% gain for the S&P 500.

Investors are now looking toward Carnival's upcoming earnings report on June 23, 2026. As noted by Benzinga, analysts expect quarterly revenue of $6.69 billion, an increase from $6.33 billion in the same period last year. This revenue growth indicates higher sales from its cruise operations.

While revenue is expected to grow, the forecast for earnings per share (EPS) is $0.34, a slight drop from $0.35 year-over-year. EPS shows how much profit is made per share. However, as highlighted by Zacks Investment Research, Carnival is expected to beat this earnings estimate, which could push the stock price higher.