08:58 AM EDT, 09/12/2025 (MT Newswires) -- Carnival (CCL) is expected to have another "solid" top- and bottom-line beat when it reports fiscal Q3 results later this month, Deutsche Bank said in a note Friday.

The firm said that much of the buy-side is also "nicely ahead" of the cruise operator's guidance.

Sell-side bulls, on the other hand, have kept forecasts around guidance despite the company's conservative track record, Deutsche Bank said.

Carnival is not expected to provide any formal 2026 outlook with fiscal Q3 results, but the company is likely closer to issuing new intermediate-term goals, the firm said.

Deutsche Bank raised the company's price target to $33 from $28 and maintained its hold rating.