Carnival: Strong Booking Momentum And Discounted Valuation Support A Buy

Carnival Corporation is rated Buy, supported by strong booking momentum, rising onboard spend, and effective cost initiatives. CCL's forward bookings for FY2027 and FY2028 show higher occupancy and pricing, providing strong revenue visibility beyond the near term. Investments in exclusive destinations, ship deployment optimization, and AI-driven customer engagement are expected to drive incremental revenue and net yield growth.