30 Stocks That Should Double in 3 Years

18. Carnival Corp. (NYSE:CCL)

Number of Hedge Fund Holders: 56

Carnival Corp. (NYSE:CCL) provides leisure travel services internationally. It operates port destinations and islands, as well as owns and operates hotels, lodges, glass-domed railcars, and motorcoaches. It sells its cruises through travel agents, tour operators, vacation planners, websites, and onboard future cruise consultants.

On March 31, David Katz from Jefferies reiterated a Buy rating on the stock with a $31 price target. In Q1 2025, the company achieved a robust 7.3% yield increase. The broad-based improvement in onboard spending across all categories contributed to a ~doubling of operating income and an EBITDA that approached a 40% year-over-year increase (reaching $1.2 billion).

The success in driving onboard revenue led to operating margins and EBITDA margins each improving by over 4% year-over-year, which exceeded 2019 levels. Carnival Corp. (NYSE:CCL) now anticipates continued strong demand, with historical high prices for 2025 across all core programs and quarters, and record booking volumes for 2026 sailings and beyond.