Morgan Stanley raises target to USD 32.50 for Carnival Corp. stock
Published on 10/15/2026 at 22:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst view and valuation
- Morgan Stanley raised its Carnival target from USD 31.00 to USD 32.50 on September 29, 2026.
- Carnival's next report is scheduled for December 18, 2026.
- Carnival Corp. stock costs EUR 23.59 at Lang & Schwarz on October 15, 2026 at 10:35 p.m. CEST.
- Carnival trades at a P/E ratio of 11.55 with a market capitalization of USD 35.6 billion.
Morgan Stanley raised its Carnival price target from USD 31.00 to USD 32.50 in a report dated September 29, 2026, according to MarketBeat. The new target is 22.83 percent above the USD 26.46 home-market price recorded at the New York Stock Exchange at 4:00 p.m. ET on October 15, 2026. Carnival Corp. was trading at EUR 23.59 at Lang & Schwarz on October 15, 2026 at 10:35 p.m. CEST.
December report date set
Carnival's next earnings report is scheduled for December 18, 2026, with the reporting period listed as the fourth quarter of 2026 by TradingView. The date gives investors the next fixed point for testing whether the cruise operator can sustain the earnings improvement reported for the third quarter.
Stock sits below yearly high
On October 15, 2026, Carnival's USD 26.46 New York Stock Exchange price stood between its USD 21.45 52-week low and USD 34.03 52-week high. The latest level was 22.24 percent below the yearly high and 23.36 percent above the yearly low. Trading volume reached 18,309,177 shares against an average of 21,133,079.
Valuation and cash generation
Carnival had a USD 35.6 billion market capitalization and a P/E ratio of 11.55 on October 15, 2026. Its dividend yield was 0.02 percent. In the third quarter of 2026, revenue reached USD 8.435 billion, net income attributable to common shareholders was USD 1.923 billion and diluted earnings per share were USD 1.40. Operating profit stood at USD 2.220 billion, while operating cash flow reached USD 1.410 billion for the quarter ended August 31, 2026.
Comparison with peers
Carnival Corp.: plus 1.38 percent, P/E 11.55, market capitalization USD 35.6 billion
Royal Caribbean Cruises (NYSE, USD): plus 2.08 percent, P/E 17.31, market capitalization USD 74.9 billion
Norwegian Cruise Line Holdings (NYSE, USD): plus 3.50 percent, P/E 9.62, market capitalization USD 7.1 billion
Price and investor reference
The cruise operator's current valuation sits below Royal Caribbean's P/E ratio but above Norwegian Cruise Line's, while Carnival's market value is less than half Royal Caribbean's. The next reported earnings date and the USD 32.50 Morgan Stanley target provide two dated reference points for the stock. Carnival Corp. was trading at EUR 23.59 at Lang & Schwarz on October 15, 2026 at 10:35 p.m. CEST.
The further course of trading is shown by the continuously updated real-time quote of Carnival Corp. stock.
Carnival Corp. stock at a glance
- Company: Carnival Corporation & plc
- ISIN: BMG2004J1036
- Ticker: CCL
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 15, 2026, 10:35 p.m. CEST): EUR 23.59
- Market capitalization: USD 35.6 billion (as of October 15, 2026)
- 52-week range: USD 21.45-34.03 (as of October 15, 2026)
- Sector / Industry: Consumer discretionary / cruise lines
- Next earnings date: December 18, 2026
Market context: Market report S&P 500.
