Wells Fargo cuts target for Carnival Corporation stock from USD 36.00 to USD 34.00
Published on 10/05/2026 at 12:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Wells Fargo cut its price target for Carnival Corporation stock from USD 36.00 to USD 34.00 on October 1, 2026, while keeping an Overweight rating, according to Investing.com. At Lang & Schwarz, Carnival stock was trading at EUR 22.90 on October 5, 2026 at 12:33 p.m. CEST, down 0.04 percent versus the EUR 22.91 prior close.
Revenue beat expectations
Carnival's third-quarter 2026 revenue reached USD 8.44 billion, up 3.50 percent from USD 8.15 billion in the prior-year quarter. Adjusted earnings per share came to USD 1.43, beating the USD 1.36 consensus estimate by USD 0.07, according to Yahoo Finance.
The earnings period ended August 31, 2026, and the company held its related investor event on September 29, 2026, according to Carnival Corporation. The revenue result exceeded the USD 8.36 billion consensus cited by Yahoo Finance, a USD 0.08 billion difference.
Fuel costs temper the outlook
Fuel expense rose to USD 615 million in the third quarter from USD 451 million a year earlier, a USD 164 million increase. That cost pressure helps explain why Wells Fargo reduced its target even while retaining its Overweight view.
Carnival's adjusted earnings per share outlook for fiscal 2026 was USD 2.24, while fourth-quarter adjusted earnings per share guidance was USD 0.20. Customer deposits reached USD 7.64 billion in the third quarter, supporting visibility into future bookings, while higher fuel costs remain a direct margin pressure.
Stock remains below its yearly high
The NYSE-listed shares were last at USD 25.76 on October 2, 2026 at 4:00 p.m. ET. The primary-exchange 52-week range was USD 21.45 to USD 34.03, and market capitalization was USD 35.3 billion on that date.
For investors, the contrast is clear: operating performance improved in the third quarter, but fuel costs are influencing valuation assumptions. Carnival's next earnings event is represented by the September 29 report, while the updated USD 34.00 Wells Fargo target remains above the latest analyst-reported USD 24.54 US share price.
Price and trading perspective
Carnival stock was trading at EUR 22.90 at Lang & Schwarz on October 5, 2026 at 12:33 p.m. CEST, down 0.04 percent versus the Lang & Schwarz prior close of EUR 22.91 on October 2, 2026. The further course of trading is shown by the continuously updated real-time quote of Carnival Corporation stock.
Carnival Corporation stock facts
- Company: Carnival Corporation Ltd.
- ISIN: BMG2004J1036
- Ticker: CCL
- Primary exchange: NYSE
- Price Lang & Schwarz as of October 5, 2026 at 12:33 p.m. CEST: EUR 22.90
- Change versus prior close: minus 0.04 percent
- Prior close Lang & Schwarz October 2, 2026: EUR 22.91
- Market capitalization: USD 35.3 billion as of October 2, 2026
- 52-week range: USD 21.45-34.03 as of October 2, 2026
- Sector / Industry: Consumer Cyclical / Travel Services
- Index membership: S&P 500
