TD Cowen analyst Kevin Kopelman has maintained their bullish stance on CCL stock, giving a Buy rating today.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Kevin Kopelman’s rating is based on several positive indicators for Carnival’s financial performance. The company has demonstrated solid and industry-leading yield growth, with net yields increasing by 4.6% in the third quarter and projected to rise to 5.3% by 2025. This growth is supported by strong revenue management systems and minimal capacity expansion, which reduces the burden of acquiring new customers.
Additionally, the introduction of Celebration Key, a new private destination, is expected to provide a significant boost to yields, offsetting potential headwinds from the company’s loyalty program. Despite the surprise increase in dry-dock costs for 2026, Kopelman has raised his estimates based on favorable yield projections, foreign exchange benefits, lower interest expenses, and a reduced share count. These factors collectively contribute to a positive outlook, justifying the Buy rating and an increased price target of $37.
In another report released today, Bank of America Securities also reiterated a Buy rating on the stock with a $38.00 price target.