Core Insights - Carnival Corporation & plc (NYSE:CCL) is recognized as a strong investment opportunity by Wall Street analysts, with a recent price target increase to $40 from $38 by Tigress Financial, maintaining a Buy rating due to record Q3 2025 results [1][3] - The company's 12-month price target indicates a potential upside of nearly 38% from current levels, with Q3 2025 net income reaching an all-time high of $2 billion, exceeding pre-pandemic levels by approximately 10% [2][3] - Carnival has raised its full-year 2025 net income guidance for the third time, now projecting around $2.9 billion or $2.14 per share, reflecting a 15% improvement over 2024 [3] Financial Performance - In Q3 2025, Carnival Corporation achieved a record net income of $2 billion, surpassing pre-pandemic benchmarks by about 10% [2] - The company anticipates a full-year 2025 net income of approximately $2.9 billion, which translates to $2.14 per share, marking a 15% increase compared to 2024 [3] Market Outlook - Forward bookings and guest deposits are at record levels, providing revenue visibility into 2026, with bookings for 2026 nearly half full at higher prices [1][3] - CEO Josh Weinstein confirmed strong demand, with record pricing levels for both North American and European bookings, and 2027 bookings starting off at a record pace [3] Company Overview - Carnival Corporation operates as a cruise company providing leisure travel services across North America, Australia, Europe, and internationally, structured into four segments: NAA Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour & Other [3]

Core Insights - Carnival Corporation & plc has significantly declined from its previous status as a leading leisure travel service provider, indicating a major shift in its market position [1]. Company Overview - Carnival was once a thriving business that catered to millions, but it is now described as a shadow of its former self, highlighting the drastic changes in its operational success and market presence [1]. Investment Perspective - The article emphasizes a value investment approach focused on companies with strong fundamentals, sustainable competitive advantages, and high long-term growth potential, which may not currently apply to Carnival [1].