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CCL · NYSE · STOCK

Carnival (CCL) Stock Analysis

Consumer Cyclical Updated August 24, 2026
$25.71
52W $23.45 – $34.03
53/100
$35.24B
11.1
2.34
AI Committee Verdict
Watch
53/100
Conviction: Contested · 50% agreement · 6 analysts
+5.6%
-2.4%
2.33:1
Contested

Is CCL Bullish or Bearish?

Mixed. Innellis AI committee rates Carnival Corporation (CCL) Watch with a composite score of 53/100 , based on 6 analysts with 50% agreement. Last updated August 24, 2026.

What Would Change This View

Upgrade to Buy
Requires a committee score of 60.0 — +6.79 from today. Applies on the first day at or above the line; upgrades are never dampened.
Downgrade to Reduce
Requires the score to fall below 40.0 — -13.21 from today. The band boundary is 45.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.

Executive Summary

The committee is genuinely divided. Growth Analyst sees a compelling case — 4 consecutive earnings beats -- consistent execution. Technical Analyst remains cautious — price structure making lower highs and lower lows. This disagreement is itself the signal — the setup is not clean in either direction.

Bull & Bear Case

Bull Case
  • P/E of 12.6 is inexpensive for the broad market — Value
  • ROE of 24.4% shows genuine earnings power backing the valuation — Value
  • 4 consecutive earnings beats -- consistent execution — Growth
  • Quarter-over-quarter growth rate is ACCELERATING, not just positive — Growth
Bear Case
  • Debt-to-equity of 2.17 adds balance-sheet risk to the value case — Value
  • Price structure making lower highs and lower lows — Technical
  • RSI at 29 is in oversold territory (could mean either capitulation or a bounce setup) — Technical
  • MACD histogram negative -- bearish momentum — Technical
  • Trend and market structure agree -- coherent bearish picture — Technical
  • High leverage (debt-to-equity 2.17) amplifies downside in a stress scenario — Risk
Both cases are generated from quantitative data signals, not qualitative or forward-looking judgement. They summarise what the numbers say today.
Price History (6M)

AI Investment Committee

Committee Consensus As of August 24, 2026
Overall Committee Score
53/100
Agreement
50%
Analysts
6
Conviction
Contested
Sector Rank
Top 66%
of 178 Consumer Cyclical peers
Value Analyst bullish
61 / 100 · High confidence
Classic value case: cheap on multiples with earnings power to back it up
+ P/E of 12.6 is inexpensive for the broad market
− Debt-to-equity of 2.17 adds balance-sheet risk to the value case
Growth Analyst bullish
68 / 100 · High confidence
Strong, accelerating growth with consistent execution
+ 4 consecutive earnings beats -- consistent execution
Technical Analyst bearish
32 / 100 · High confidence
Price action is deteriorating -- trend and/or momentum are working against this name
− Price structure making lower highs and lower lows
Risk Analyst bearish
33 / 100 · Moderate confidence
Elevated risk from leverage, volatility, event exposure, or portfolio concentration -- size accordingly
− High leverage (debt-to-equity 2.17) amplifies downside in a stress scenario
Macro Analyst bullish
65 / 100 · Low confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
News Analyst neutral
60 / 100 · Low confidence
News flow is mixed or quiet -- no strong signal either way right now
Portfolio Manager neutral
45 / 100 · High confidence
Portfolio-level factors are mixed -- worth a deliberate sizing decision, not a default-size position
+ Portfolio position concentration is currently healthy
− Sector concentration is already high (HHI 3063.01)
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Investment Thesis Evolution

Committee score moved marginally from 53.2 to 53.2.

Analyst-level changes:
  • Portfolio Manager: +1 bearish signal(s).

Comparing 2026-08-23 to 2026-08-24 (1 day apart).

Technical Analysis

RSI (14)
29.1
Oversold
MACD Histogram
-0.319
Bearish Momentum
Trend Direction
Downtrend
Weekly: Sideways
Market Structure
Lh Ll
Support
$25.10
Resistance
$27.16
Bollinger %B
0.01
Inside Bands
Price vs Moving Averages
EMA 9
$26.92 Below
EMA 21
$27.38 Below
EMA 50
$27.48 Below
EMA 200
$27.49 Below

Fundamental Analysis

Valuation
94
Growth
94
Profitability
61
Financial Health
12
Cash Flow
70
Valuation
P/E Ratio 11.1×
P/B Ratio 2.74×
PEG Ratio 0.53
Dividend Yield 1.75%
52W High $34.03
52W Low $23.45
Quality & Growth
ROE 2246.8%
ROA 534.0%
Gross Margin 3442.6%
Operating Margin 1634.1%
Revenue Growth YoY
Debt / Equity 2.02
AI Fundamental Assessment
P/E ratio of 11.1 (inexpensive relative to a 15-40x range); Price-to-book of 2.7x; PEG ratio of 0.5 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 22.5%; Return on assets of 5.3%; Net margin of 11.2%; Gross margin of 34.4%; Current ratio of 0.33 (tight short-term liquidity); Debt-to-equity of 2.02; Free cash flow per share is positive (2.32); Most recent quarter beat estimates by 17.3%; 4 consecutive earnings beats; EPS growth accelerating (-41.2% -> +105.0% QoQ); Analyst estimates rising over recent quarters
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