Carnival price target raised to $34 from $31 at Goldman Sachs

Goldman Sachs analyst Lizzie Dove raised the firm’s price target on Carnival (CCL) to $34 from $31 and keeps a Buy rating on the shares. Amid an uncertain but improving cruise backdrop, Carnival delivered solid results and guidance highlighted by a significant Q4 net yield beat, underscoring portfolio diversification, brand improvements, and private island investments while easing pricing pressure concerns, the analyst tells investors in a research note. With conservative-looking yield assumptions, accelerating net yields, dividend reinstatement, and upcoming Investor Day catalysts, the setup points to a potential inflection and continued stock outperformance, the firm adds.