William Blair analyst Sharon Zackfia has reiterated their bullish stance on CCL stock, giving a Buy rating on February 25.
Sharon Zackfia has given her Buy rating due to a combination of factors that highlight Carnival’s strong market position and future growth potential. The company is expected to meet or exceed its first-quarter guidance, driven by robust demand characterized by strong last-minute bookings and increased onboard spending. This positive outlook is further supported by favorable refinancing activities that are anticipated to enhance Carnival’s profit outlook for 2025.
Additionally, Carnival’s pricing analysis indicates a healthy demand environment, with a significant portion of 2025 already booked at record-high prices and occupancy rates. The company’s strategic marketing initiatives, including new campaigns for its various brands, have contributed to record-breaking bookings, particularly for premium cabins. These factors collectively suggest a promising trajectory for Carnival, justifying the Buy rating.
In another report released on February 25, J.P. Morgan also maintained a Buy rating on the stock with a $31.00 price target.