Carnival price target raised to $32 from $30 at Goldman Sachs

Goldman Sachs raised the firm’s price target on Carnival (CCL) to $32 from $30 and keeps a Buy rating on the shares. Carnival delivered a strong Q1 beat, maintained its net yield outlook, and announced long-term targets implying a roughly 11% EPS compound annual growth rate from 2025-2029 alongside a $14B capital return program, signaling confidence despite macro and geopolitical uncertainty, the analyst tells investors in a research note. With shares down about 26% over the past month, the current valuation appears attractive, Goldman says.