All Aboard! Carnival Corp’s Stock Soars on Record Earnings and Booming Bookings
Carnival (NYSE: CCL) closed at $31.10 on Sep. 29, near its 52-week high, with a market cap of about $39.8 billion. The company reported record Q3 net income of $1.9 billion on $8.2 billion in revenue, marking its tenth straight quarter of record sales. Shares have more than doubled from late 2024 lows near $15. Analyst consensus remains “Buy,” with price targets in the mid-$30s.