Bank of America Securities analyst Andrew Didora has reiterated their bullish stance on CCL stock, giving a Buy rating yesterday.
Andrew Didora has given his Buy rating due to a combination of factors, including Carnival’s strong financial performance and attractive valuation. The company reported a significant beat in its first-quarter 2025 earnings, with EBITDA and EPS surpassing both Andrew’s and the consensus estimates. This was driven by higher net yields and better cost management, leading to an upward revision of full-year EBITDA expectations.
Additionally, Carnival benefits from several positive trends despite a volatile macroeconomic environment. These include strong performance in European markets, robust onboard spending, and a favorable booking curve with high pricing. Furthermore, Carnival’s valuation remains appealing as it trades below its historical averages, and the company is on track to reduce its net debt significantly, which could enhance equity value. These factors collectively support Andrew’s Buy rating for Carnival’s stock.
Didora covers the Industrials sector, focusing on stocks such as American Airlines, Delta Air Lines, and JetBlue Airways. According to TipRanks, Didora has an average return of 0.7% and a 52.61% success rate on recommended stocks.
In another report released yesterday, Jefferies also reiterated a Buy rating on the stock with a $31.00 price target.