Carnival Corp., BMG2004J1036

Argus cut Carnival Corp stock target to USD 30.00 from USD 35.00

Published on 10/08/2026 at 11:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter revenue reached USD 8.44 billion on September 29, 2026. Carnival Corp stock was EUR 23.07 on October 8, 2026 versus EUR 23.46.

Großes Kreuzfahrtschiff auf karibischem Meer bei Sonnenuntergang, Luftperspektive — Carnival Corp. Kreuzfahrtschiff segelt bei Sonnenuntergang durch türkisfarbenes karibisches Wasser, ISIN US1436583006, Illustration mit AI erstellt.

Carnival Corp. stock (ISIN BMG2004J1036) was trading at EUR 23.07 at Lang & Schwarz on October 8, 2026 at 11:08 a.m. CEST, down 1.66 percent versus the EUR 23.46 prior close. Argus had cut its Carnival price target from USD 35.00 to USD 30.00 on October 1, 2026, while retaining a Buy rating, according to Markets Insider.

Third-quarter revenue reached USD 8.44 billion

Carnival reported USD 8.435 billion of revenue for the third quarter of 2026, versus USD 8.153 billion in the third quarter of 2025. That is a 3.46 percent year-over-year increase, while net income attributable to Carnival Corporation reached USD 1.92 billion, according to StockTitan in its September 29, 2026 reproduction of the company release.

Adjusted earnings per share were USD 1.43 in the third quarter, matching the prior-year figure and exceeding the USD 1.35 consensus estimate cited by Investing.com on September 29, 2026.

Fuel costs temper the earnings picture

The quarterly numbers came with a clear cost counterweight. Carnival said fuel prices and currency rates reduced third-quarter results by USD 131 million, while gross margin yields fell 1.30 percent year over year and cruise costs per available lower berth day increased 4.20 percent, as reported by StockTitan.

That mix explains the tension between record demand metrics and the more cautious analyst stance. Argus pointed to valuation and higher interest rates when it reduced the target, while Carnival's third-quarter release described 2027 booked occupancy and pricing as record levels.

Stock remains below its yearly high

Finance data placed Carnival's market capitalization at USD 35.8 billion as of October 7, 2026, with a 52-week range of USD 21.45 to USD 34.03. The range gives investors a dated valuation frame, but the euro reference price and its daily move remain the relevant German trading view.

Euro quote sets the German reference

At Lang & Schwarz, Carnival stock was trading at EUR 23.07 on October 8, 2026 at 11:08 a.m. CEST, down 1.66 percent against the EUR 23.46 prior close dated October 7, 2026. Carnival's primary listing is on the NYSE under ticker CCL.

The further course of trading is shown by the continuously updated real-time quote of Carnival Corp stock.