Carrier Global (NYSE:CARR) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Carrier Global (NYSE:CARR) had its price objective increased by analysts at Wells Fargo & Company from $59.00 to $65.00 in a research report issued to clients and investors on Friday, Marketbeat Ratings reports. The brokerage currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price suggests a potential upside of 1.59% from the company’s current price.

Other analysts have also recently issued research reports about the company. Morgan Stanley set a $55.00 price objective on Carrier Global in a research note on Thursday, January 8th. The Goldman Sachs Group dropped their price target on Carrier Global from $72.00 to $68.00 and set a “buy” rating on the stock in a research report on Tuesday, December 16th. Zacks Research upgraded Carrier Global from a “strong sell” rating to a “hold” rating in a research note on Friday, November 21st. Mizuho lowered their target price on shares of Carrier Global from $75.00 to $67.00 and set an “outperform” rating for the company in a research note on Monday, January 5th. Finally, Royal Bank Of Canada dropped their target price on shares of Carrier Global from $75.00 to $70.00 and set an “outperform” rating on the stock in a report on Friday, December 5th. Ten investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $70.56.

Carrier Global Stock Up 1.4%

Shares of NYSE:CARR opened at $63.98 on Friday. The firm has a market cap of $53.88 billion, a PE ratio of 37.42, a price-to-earnings-growth ratio of 2.61 and a beta of 1.33. The company has a fifty day simple moving average of $55.44 and a 200 day simple moving average of $59.32. The company has a current ratio of 1.20, a quick ratio of 0.75 and a debt-to-equity ratio of 0.80. Carrier Global has a 12-month low of $50.24 and a 12-month high of $81.09.

Carrier Global (NYSE:CARR) last released its 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 company had revenue of $4.84 billion during 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 for the quarter was down 6.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.54 EPS. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. On average, equities research analysts anticipate that Carrier Global will post 2.99 EPS for the current fiscal year.

Carrier Global declared that its board has initiated a share repurchase plan on Tuesday, October 28th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the company to purchase up to 10.1% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

Hedge Funds Weigh In On Carrier Global

Hedge funds and other institutional investors have recently made changes to their positions in the business. AdvisorShares Investments LLC bought a new stake in Carrier Global during the 2nd quarter valued at $25,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Carrier Global during the second quarter valued at $26,000. Winnow Wealth LLC acquired a new position in shares of Carrier Global during the second quarter valued at $26,000. Traub Capital Management LLC bought a new stake in shares of Carrier Global during the second quarter valued at about $27,000. Finally, KERR FINANCIAL PLANNING Corp acquired a new stake in Carrier Global in the third quarter worth about $25,000. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Carrier Global

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

About Carrier Global

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.