TD Cowen and BofA Bullish on Carnival Corporation & plc (CCL) Amid Strong Travel Momentum

Carnival Corporation & plc (NYSE:CCL), considered a cheaply priced stock and a top pick among analysts, is included in our list of the 10 Cheap Travel Stocks to Buy According to Analysts.

TD Cowen and BofA Bullish on Carnival Corporation & plc (CCL) Amid Strong Travel Momentum

A bustling airport terminal with travelers heading to their dream destination.

As the travel industry’s momentum is on an upward trajectory, Carnival Corporation & plc (NYSE:CCL) is attracting the attention of Wall Street.

On July 22, 2025, citing the company’s disciplined capacity growth, TD Cowen gave Carnival Corporation & plc (NYSE:CCL) a ‘Buy’ rating with a $36 price target. Instead of scaling up, the company is focusing on yield optimization with the help of its proprietary YODA system. The system resulted in an industry-leading 7% yield growth in the first half of 2025 with a strong gross margin of 54.7%. The analyst expects a five-year CAGR of 19% in net income and 21% in EPS due to this focus on margins and declining interest expenses.

Furthermore, on July 23, 2025, BofA increased its price target on Carnival Corporation & plc (NYSE:CCL) from $31 to $38. The analyst, too, cited the growing momentum of cruise equities, along with strong earnings expectations.

Carnival Corporation & plc (NYSE:CCL), a leisure travel company, offers cruise vacations with brands like Carnival Cruise Line, Princess Cruises, and Holland America Line. It is included in our list of cheap travel stocks.

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