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Carnival Q1 2026 Earnings March 27 → Stock Down 22% in 30 Days, Buy Consensus Target $37.70

Carnival Corporation is set to report Q1 2026 earnings on March 27, with the stock down approximately 22% over the prior 30 days amid broader market selloff concerns despite strong underlying cruise demand and record advance bookings. Analysts maintain a Buy consensus with an average price target of $37.70, viewing the recent decline as an overreaction given strong customer deposit levels and pricing power. Risks include fuel cost volatility, potential travel demand softening from macroeconomic headwinds, and reputational exposure from onboard incidents.