Carnival Likely To Report Q3 Profit; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

Carnival Corporation CCL is expected to release financial results for its third quarter before the opening bell on Sept. 29, 2023.

Analysts expect the company to post quarterly earnings at 75 cents per share, versus a year-ago loss of 58 cents per share. The company’s revenue might come in at $6.69 billion, compared to $4.9 billion in the year-ago period.

Carnival shares rose 0.8% to $14.56 in after-hours trading.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Barclays analyst Brandt Montour maintained an Overweight rating and cut the price target from $22 to $21 on Sept. 21, 2023. This analyst has an accuracy rate of 66%.
• Truist Securities analyst Patrick Scholes upgraded the stock from Sell to Hold and raised the price target from $16 to $17 on Sept. 19, 2023. This analyst has an accuracy rate of 64%.
• Argus Research analyst John Staszak upgraded the stock from Hold to Buy with a price target of $21 on July 18, 2023. This analyst has an accuracy rate of 67%.
• JP Morgan analyst Matthew Boss maintained an Overweight rating and raised the price target from $16 to $18 on July 3, 2023. This analyst has an accuracy rate of 68%.
• Tigress Financial analyst Ivan Feinseth maintained a Buy rating and increased the price target from $13 to $23 on June 30, 2023. This analyst has an accuracy rate of 63%.

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