Carnival stock falls as Deutsche Bank cuts target to $29

Published on 09/15/2026 at 21:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Deutsche Bank lowered Carnival stock to $29 from $34 on September 15, 2026. The shares closed at USD 22.56 on September 14, 2026, near the 52-week low.

Großes Kreuzfahrtschiff auf karibischem Meer bei Sonnenuntergang, Luftperspektive — Carnival Corp. Kreuzfahrtschiff segelt bei Sonnenuntergang durch türkisfarbenes karibisches Wasser, ISIN US1436583006, Illustration mit AI erstellt.

Carnival Corp. stock (ISIN US1436583006) closed at USD 22.56 on September 14, 2026, after Deutsche Bank cut its target to USD 29 from USD 34 on September 15, 2026. The shares were down 0.84 percent from the prior close of USD 22.75, and the move left the cruise operator near the lower end of its recent range.

Target reset

According to TipRanks on September 15, 2026, Deutsche Bank analyst Chris Woronka lowered the price target to USD 29 from USD 34 and kept a Hold rating ahead of Carnival's fiscal third-quarter report. That leaves the new target 28.0 percent above the September 14 close of USD 22.56.

Analyst sentiment remains constructive on paper, but the reset shows how much the market is now discounting near-term earnings momentum. TipRanks put the average price target at USD 34.88 and the consensus rating at Strong Buy on September 15, 2026.

Guidance and timing

For fundamentals, the latest reported quarter was the fiscal second quarter ended June 23, 2026: Carnival reported EPS of USD 0.41 versus USD 0.34 expected, revenue of USD 6.66 billion versus USD 6.69 billion expected, and a net margin of 11.24 percent, according to MarketBeat on September 15, 2026. Revenue rose 5.3 percent year over year, and EPS improved from USD 0.35 in the prior-year quarter.

MarketBeat also said Carnival set fiscal 2026 EPS guidance at USD 2.22 and Q3 2026 guidance at USD 1.35, while Placera said the company scheduled its third-quarter conference call for September 29, 2026, at 10 a.m. EDT. TipRanks said Wall Street expects fiscal third-quarter EPS of USD 1.36 on revenue of USD 8.4 billion.

Stock near lows

Carnival stock finished the last completed NYSE session at USD 22.56, with a market capitalization of about USD 30.9 billion and a 52-week range of USD 22.47 to USD 33.99, according to Intelligent Investor on September 15, 2026. That puts the shares 33.63 percent below the 52-week high of USD 33.99 and only 0.40 percent above the 52-week low of USD 22.47.