Key Stats for Carnival Corp. Stock
- Price Change for Carnival stock: 9.8%
- $CCL Share Price as of Dec. 19: $31.12
- 52-Week High: $32.80
- $CCL Stock Price Target: $35.67
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What Happened?
Carnival Corp (CCL) stock surged almost 10% on Friday after it reported blowout fiscal 2025 results and announced it’s bringing back its dividend for the first time since the pandemic.
The cruise giant posted record net income of $2.8 billion for the full year, representing a massive 60% jump from 2024.
Fourth quarter results came in well ahead of expectations, with the company beating its own September guidance by over $150 million.
Strong last-minute bookings and solid cost controls drove performance, with ticket prices up 5.4% compared to the prior-year quarter.

Beyond the impressive numbers, management also reached a significant milestone by hitting investment-grade leverage metrics.
This achievement allowed the company to reinstate its quarterly dividend at $0.15 per share, signaling confidence in its financial stability and cash generation going forward.
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What the Market Is Telling Us About CCL Stock
The positive reaction to CCL stock reflects investors’ approval of both the strong results and the return to paying dividends.
Despite ongoing concerns about increased Caribbean cruise capacity from competitors, Carnival demonstrated that demand for its cruises remains robust. The company is already two-thirds booked for 2026 at historically high prices.
For 2026, management expects adjusted net income to increase another 12% to $3.5 billion, despite minimal capacity growth.
This guidance suggests that Carnival can continue to grow profits through better pricing and operational efficiency rather than simply adding more ships.

Analysts remain largely bullish on CCL stock, with most maintaining “Buy” ratings and price targets suggesting meaningful upside from current levels. The dividend reinstatement adds another reason for income-focused investors to consider the shares.
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Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!