The Goldman Sachs Group Increases Carrier Global (NYSE:CARR) Price Target to $74.00

Carrier Global (NYSE:CARR) had its price target hoisted by research analysts at The Goldman Sachs Group from $68.00 to $74.00 in a note issued to investors on Friday,MarketScreener reports. The firm currently has a “buy” rating on the stock. The Goldman Sachs Group’s price target would suggest a potential upside of 15.66% from the company’s previous close.

Other equities research analysts have also issued reports about the stock. Zacks Research upgraded shares of Carrier Global from a “strong sell” rating to a “hold” rating in a research note on Friday, November 21st. Barclays lowered their target price on Carrier Global from $74.00 to $72.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 10th. Weiss Ratings reissued a “hold (c+)” rating on shares of Carrier Global in a research report on Monday, December 29th. Rothschild & Co Redburn decreased their price target on Carrier Global from $67.00 to $61.00 and set a “neutral” rating for the company in a research note on Wednesday, January 21st. Finally, Oppenheimer reiterated a “market perform” rating on shares of Carrier Global in a research note on Wednesday, October 29th. Ten research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $70.56.

Carrier Global Trading Up 1.4%

NYSE CARR opened at $63.98 on Friday. Carrier Global has a 52 week low of $50.24 and a 52 week high of $81.09. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.75 and a current ratio of 1.20. The stock’s 50 day moving average price is $55.44 and its two-hundred day moving average price is $59.32. The stock has a market capitalization of $53.88 billion, a price-to-earnings ratio of 37.42, a PEG ratio of 2.61 and a beta of 1.33.

Carrier Global (NYSE:CARR) last issued its quarterly earnings results on Thursday, February 5th. The company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.02). The business had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $5.05 billion. Carrier Global had a return on equity of 15.30% and a net margin of 6.82%.Carrier Global’s revenue was down 6.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.54 earnings per share. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. As a group, analysts anticipate that Carrier Global will post 2.99 earnings per share for the current fiscal year.

Carrier Global declared that its board has authorized a share repurchase program on Tuesday, October 28th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the company to repurchase up to 10.1% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Hedge Funds Weigh In On Carrier Global

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in shares of Carrier Global by 0.5% in the second quarter. Vanguard Group Inc. now owns 93,373,143 shares of the company’s stock valued at $6,833,980,000 after purchasing an additional 450,594 shares during the period. Capital International Investors grew its stake in Carrier Global by 6.7% in the 3rd quarter. Capital International Investors now owns 57,982,302 shares of the company’s stock valued at $3,461,142,000 after buying an additional 3,630,524 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Carrier Global by 23.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 38,536,301 shares of the company’s stock valued at $2,820,485,000 after acquiring an additional 7,409,432 shares during the period. State Street Corp raised its holdings in Carrier Global by 1.4% in the 3rd quarter. State Street Corp now owns 33,377,339 shares of the company’s stock valued at $1,992,627,000 after acquiring an additional 473,692 shares during the period. Finally, Fisher Asset Management LLC boosted its holdings in shares of Carrier Global by 0.6% during the third quarter. Fisher Asset Management LLC now owns 15,139,140 shares of the company’s stock worth $903,807,000 after acquiring an additional 90,585 shares during the period. 91.00% of the stock is owned by institutional investors.

More Carrier Global News

Here are the key news stories impacting Carrier Global this week:

• Positive Sentiment: Several major brokers raised targets and kept favorable ratings, signaling buyside optimism and supporting upside. Highlights: Baird raised its target to $72 and kept an outperform rating. Baird Raises PT
• Positive Sentiment: RBC raised its target to $74 and maintained an outperform, and Goldman Sachs also lifted its target to $74 and kept a buy — both imply mid‑teens upside vs. recent levels. RBC Raises PT Goldman Raises PT
• Positive Sentiment: Baird/RBC/Goldman’s moves reflect confidence in non‑residential end markets (notably data centers and aftermarket), which analysts cite as durable growth drivers.
• Neutral Sentiment: Carrier highlighted plans for ~50% data‑center revenue growth in 2026 and reiterated margin expansion, buybacks and free cash flow generation — positives for medium‑term earnings power but partially offset by soft residential demand. Data Center Growth
• Neutral Sentiment: Company press release and investor materials show strong cash flow and ~$3.7B returned to shareholders in 2025, supporting buyback-led EPS support. Company PR
• Negative Sentiment: Q4 results missed: adjusted EPS of $0.34 vs. consensus $0.36 and revenue ~$4.84B vs. ~$5.05B — revenue and EPS were down year‑over‑year, prompting near‑term investor caution. Q4 Results
• Negative Sentiment: FY‑2026 guidance below consensus: company issued EPS guidance of $2.80 (Street ~2.87) and revenue guide roughly $22.0B vs. Street ~$22.5B — a key driver of downward pressure after the print. Guidance Miss
• Negative Sentiment: Street reaction to the miss was immediate: several outlets report shares fell on the results and guidance. Continued residential weakness remains the primary risk to near‑term revenue. Market Reaction

Carrier Global Company Profile

Carrier Global Corporation is a leading global provider of heating, ventilation and air conditioning (HVAC), refrigeration, fire and security, and building automation solutions. The company designs, manufactures and sells a broad portfolio of products that includes air conditioners, furnaces, heat pumps, chillers, rooftop units, commercial refrigeration systems, fire and smoke detection and suppression systems, security sensors and access controls, and a range of building controls and analytics software.