Carnival Corporation Ltd is scheduled to release its second quarter earnings report before the opening bell on Tuesday, June 23. Analysts anticipate the company will report quarterly earnings of 34 cents per share, a decrease from 35 cents per share in the year-ago period. The consensus estimate for revenue stands at $6.69 billion, up from the $6.33 billion reported in the prior year.

On March 27, Carnival issued its second-quarter adjusted EPS and FY2026 adjusted EPS guidance below estimates. The company's shares rose 3.8% to close at $29.18 on Monday.

Analyst Ratings and Price Targets

Citigroup analyst James Hardiman maintained a Buy rating and raised the price target from $35 to $37. This revision marks an increase from the previous target of $35 set on March 30, 2026.

Several other analysts have revised their ratings and price targets for Carnival in the weeks leading up to the earnings announcement. The following table summarizes the recent actions by top-rated analysts:

Stifel analyst Steven Wieczynski maintained a Buy rating and raised the price target from $35 to $36 on June 12, 2026. Conversely, Truist Securities analyst Patrick Scholes maintained a Hold rating and cut the price target from $30 to $29 on May 22, 2026. TD Cowen analyst Kevin Kopelman maintained a Buy rating and raised the price target from $33 to $34 on May 15, 2026. UBS analyst Robin Farley maintained a Buy rating but cut the price target from $38 to $35 on April 13, 2026.

Stifel analyst Steven Wieczynski has maintained a Buy rating on Carnival and increased the price target to $36 from $35. The adjustment reflects a revised outlook on the stock's valuation following recent market performance.

Rating and Price Target Details

The analyst's recommendation remains positive, emphasizing confidence in Carnival's potential. The new price target of $36 represents an incremental increase from the previous target of $35.