Carnival Corporation (NYSE:CCL) stock has reached a notable milestone, hitting a 52-week high of $28.72. With a market capitalization of $38.86 billion and a price-to-earnings (P/E) ratio of 13.05, this marks an important point for the cruise line operator. Over the past year, Carnival’s stock has surged an impressive 63.44%. The company has demonstrated strong fundamentals with revenue growth of 10.82% and a beta of 2.58, indicating higher volatility compared to the overall market. This upward trend reflects growing investor confidence and optimism about Carnival’s future prospects, as the travel and leisure industry continues to rebound from the challenges of the global pandemic.
In recent developments, Carnival Corporation reported robust financial results for the second quarter of 2025, significantly beating earnings and revenue expectations. The company posted earnings per share (EPS) of $0.35, surpassing the forecasted $0.24, representing a 45.83% surprise. Revenue reached $6.33 billion, exceeding the anticipated $6.21 billion. Following these results, UBS raised its price target for Carnival to $33.00 from $30.00, maintaining a Buy rating, while Stifel increased its target to $34.00 from $33.00, also with a Buy rating. Truist Securities kept its Hold rating and $27.00 price target, highlighting Carnival’s strong second-quarter performance despite a volatile macroeconomic environment. The company also raised its full-year earnings per share guidance by 14 cents and increased its full-year net yield guidance to 5%. Positive booking trends and forward guidance indicate continued strength in the cruise industry, with plans to open the Celebration Key destination in July. Analysts noted that Carnival’s performance could raise expectations for competitors in the sector.