Carnival Corp., BMG2004J1036

Wells Fargo cuts target to USD 34.00 for Carnival Corp. stock, October 16 close

Published on 10/17/2026 at 21:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Next earnings are due December 18, 2026. Carnival Corp. stock closed at USD 25.90 on October 16, 2026, down 2.12 percent versus the October 15 close.

Analyst target and earnings date

Wells Fargo lowered its Carnival target from USD 36.00 to USD 34.00 on October 1, 2026.
Carnival's next earnings release is scheduled for December 18, 2026.
Carnival Corp. stock closed at USD 25.90 on October 16, 2026 at 4:00 p.m. ET, down 2.12 percent versus the October 15 close.
The price-to-earnings ratio stood at 11.31 on October 16, 2026.

Carnival Corp., BMG2004J1036, Illustration mit AI erstellt.

Carnival Corp. stock (ISIN BMG2004J1036) was the subject of a Wells Fargo target cut to USD 34.00 from USD 36.00 on October 1, 2026, leaving the target 31.27 percent above the USD 25.90 closing price. According to Investing.com, Wells Fargo kept its Overweight rating while citing a more cautious fuel-cost view. Carnival Corp. stock was USD 25.90 at the NYSE on October 16, 2026 at 4:00 p.m. ET, down 2.12 percent versus the October 15 close.

December date sets the next marker

Carnival's next earnings release is scheduled for December 18, 2026. Zacks lists an expected earnings-per-share figure of USD 0.22 for the quarter ending in November 2026. That estimate is a forward expectation, not a reported result.

Stock sits below its yearly high

Carnival's USD 21.45 to USD 34.03 52-week range puts the October 16 closing price 23.89 percent below the high and 20.75 percent above the low. Trading volume reached 22,289,050 shares, compared with an average volume of 21,295,710 shares, a difference of 4.66 percent. MarketWatch reported that Carnival fell 2.12 percent on October 16, 2026 and finished below its 52-week high.

Valuation and cruise peers

Carnival had a market capitalization of USD 34.8 billion and a price-to-earnings ratio of 11.31 as of October 16, 2026. The comparison is most useful when read alongside the other listed cruise operators rather than as a standalone verdict.

Comparison with peers

Carnival Corp.: minus 2.12 percent, P/E 11.31, market capitalization USD 34.8 billion
Royal Caribbean (NYSE, USD): minus 0.85 percent, P/E 17.16, market capitalization USD 74.3 billion
Norwegian Cruise Line (NYSE, USD): minus 2.21 percent, P/E 9.41, market capitalization USD 6.9 billion

Price position and next date

The target reduction gives the stock a dated analyst benchmark, while the December reporting date is the next scheduled company event. Carnival's share price remains between the low and high of its 52-week range, with the current valuation below Royal Caribbean's price-to-earnings ratio and above Norwegian Cruise Line's.

Carnival Corp. stock was trading at USD 25.90 on the NYSE on October 16, 2026 at 4:00 p.m. ET, down 2.12 percent versus the October 15 close.