William Blair analyst Sharon Zackfia has reiterated their bullish stance on CCL stock, giving a Buy rating today.
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Sharon Zackfia’s rating is based on Carnival’s strategic initiatives and growth potential. The company is focusing on demand creation and enhancing its fleet and destinations, which positions it well for earnings and return on invested capital growth over the next few years. With a limited number of new ships planned, Carnival aims to achieve investment-grade metrics by early 2026, potentially allowing for the reintroduction of dividends and share repurchases.
Under CEO Josh Weinstein’s leadership, Carnival has significantly increased its advertising efforts, leading to strong net yield growth. The company’s owned destinations, such as Celebration Key and the planned expansions of Half Moon Cay and Mahogany Bay, are expected to attract millions of visitors and enhance guest satisfaction. These efforts are anticipated to boost Carnival’s market position and financial performance, supporting the Buy rating.
According to TipRanks, Zackfia is a 4-star analyst with an average return of 5.3% and a 43.88% success rate. Zackfia covers the Consumer Cyclical sector, focusing on stocks such as Birkenstock Holding plc, CarMax, and Carnival.
In another report released today, Stifel Nicolaus also maintained a Buy rating on the stock with a $38.00 price target.