Shares of Carnival Corporation (CCL) rose 7.31% to $30.82 in the afternoon trade on Thursday, extending gains for a seventh consecutive session.
The stock had gained about 1.66% between January 21 and January 28, slightly over the 1.49% rise of the S&P 500 during the same period.
The move followed a rebound after the shares snapped a six-session losing streak earlier in January, during which the stock had fallen more than 11%. Since then, Carnival has posted a string of modest daily gains, as cruise stocks broadly benefited from renewed optimism around travel demand and pricing visibility, alongside gains in peer names and renewed interest in liquid consumer-facing stocks.
This was helped by broader strength across the cruise sector, as optimism around bookings, pricing, and revenue visibility supported sentiment. The rally followed strong gains in peer cruise stocks during the session, helping lift Carnival alongside the broader travel and leisure group.
According to Seeking Alpha’s Quant Rating system,CCL is rated Buy, with a score of 4.42 out of 5, with grades of A in profitability, B in momentum, and B+ in revisions, offset by C in growth and C+ in valuation.
Seeking Alpha analysts are positive on the stock.
Turning to the Wall Street, 20 of 29 analysts rate Carnival at Buy or higher, while nine recommend Hold.
An analyst said Carnival’s investment case has shifted “from demand recovery to pricing power,” citing strong net yield growth and high occupancy, and added that unifying its dual-listed structure is a “visible catalyst” that could improve liquidity, index inclusion, and drive a valuation re-rating.
The shares have gained 1.28% over the past month and are up 0.46% year-to-date.