Carnival Corporation (NYSE:CCL) is a major player in the global cruise industry, offering a wide range of vacation experiences. As of December 21, 2025, Trey Bowers from Wells Fargo set a new price target for CCL at $38, while the stock was trading at $31.12. This target suggests a potential increase of 22.11%.

The broader market trends are favorable for CCL. Recent softer inflation data and stable unemployment rates have increased investor confidence, as highlighted by Benzinga. This optimism is driven by the potential for an interest rate cut by the Federal Reserve in 2026, which could benefit the travel and leisure sectors, including Carnival.

CCL's stock performance reflects these positive market conditions. The stock has seen a 9.81% increase, with a change of $2.78, trading between $27.96 and $31.49 today. Over the past year, CCL has reached a high of $32.80 and a low of $15.07, indicating significant volatility.

The company's market capitalization stands at approximately $40.82 billion, with a trading volume of 84.23 million shares. This suggests strong investor interest and activity in CCL, as the market anticipates a recovery in the travel industry.

Earnings reports have also influenced market movements. While Micron Technology Inc. exceeded expectations, boosting AI-related stocks, Nike Inc. faced challenges due to global demand concerns. For CCL, the focus remains on how these economic indicators will impact its recovery in the travel sector.