Carrier Global (NYSE:CARR) Price Target Raised to $65.00

Carrier Global (NYSE:CARR) had its target price lifted by equities research analysts at Wells Fargo & Company from $59.00 to $65.00 in a research note issued to investors on Friday,MarketScreener reports. The brokerage presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target indicates a potential upside of 0.31% from the stock’s current price.

CARR has been the subject of several other reports. The Goldman Sachs Group reduced their target price on shares of Carrier Global from $72.00 to $68.00 and set a “buy” rating for the company in a report on Tuesday, December 16th. Barclays decreased their price objective on shares of Carrier Global from $74.00 to $72.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 10th. Zacks Research upgraded Carrier Global from a “strong sell” rating to a “hold” rating in a research report on Friday, November 21st. Weiss Ratings restated a “hold (c+)” rating on shares of Carrier Global in a research report on Monday, December 29th. Finally, Robert W. Baird reduced their price target on shares of Carrier Global from $72.00 to $66.00 and set an “outperform” rating on the stock in a report on Monday, January 26th. Ten analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, Carrier Global currently has an average rating of “Moderate Buy” and an average target price of $70.44.

Carrier Global Stock Performance

CARR stock opened at $64.80 on Friday. Carrier Global has a 1 year low of $50.24 and a 1 year high of $81.09. The company has a market cap of $54.57 billion, a P/E ratio of 14.48, a price-to-earnings-growth ratio of 2.55 and a beta of 1.33. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.14 and a quick ratio of 0.75. The stock’s fifty day moving average price is $55.25 and its 200-day moving average price is $59.52.

Carrier Global (NYSE:CARR) last announced its earnings results on Thursday, February 5th. The company reported $0.34 earnings per share (EPS) 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 net margin of 18.05% and a return on equity of 16.65%. The business’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.54 earnings per share. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. On average, equities analysts forecast that Carrier Global will post 2.99 earnings per share for the current year.

Carrier Global declared that its Board of Directors has approved a share buyback plan on Tuesday, October 28th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the company to buy up to 10.1% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

Institutional Investors Weigh In On Carrier Global

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Brighton Jones LLC lifted its position in Carrier Global by 30.3% in the fourth quarter. Brighton Jones LLC now owns 7,958 shares of the company’s stock worth $543,000 after buying an additional 1,850 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of Carrier Global by 51.5% in the first quarter. AQR Capital Management LLC now owns 68,225 shares of the company’s stock valued at $4,236,000 after acquiring an additional 23,200 shares during the period. Belpointe Asset Management LLC bought a new stake in shares of Carrier Global in the 2nd quarter worth about $279,000. Valmark Advisers Inc. boosted its stake in shares of Carrier Global by 4.1% during the 2nd quarter. Valmark Advisers Inc. now owns 4,906 shares of the company’s stock worth $359,000 after purchasing an additional 194 shares during the period. Finally, US Bancorp DE grew its holdings in Carrier Global by 3.9% during the 2nd quarter. US Bancorp DE now owns 529,191 shares of the company’s stock valued at $38,732,000 after purchasing an additional 19,976 shares during the last quarter. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Carrier Global

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

• Positive Sentiment: Management forecasted very strong data‑center revenue growth (~50% for 2026), highlighting momentum in non‑residential segments that could drive higher margins and aftermarket sales going forward. Carrier outlines 50% data center revenue growth for 2026
• Positive Sentiment: Carrier reported strong cash generation and shareholder returns: ~$1.04B operating cash flow, ~$909M free cash flow in 4Q/2025 and roughly $3.7B returned to shareholders in 2025 (dividends + ~$2.9B in buybacks), supporting EPS through buybacks. Carrier Reports 2025 Results and Announces 2026 Outlook
• Neutral Sentiment: Some analysts urge caution on the residential outlook but argue Carrier remains a buy based on aftermarket and data‑center strength and expected margin expansion — this is a mixed, longer‑term view versus the near‑term miss. Carrier: Don’t Get Carried Away By Gloomy Residential Forecast
• Negative Sentiment: Q4 results missed estimates: GAAP/adjusted EPS of $0.34 vs. consensus ~$0.36 and revenue of ~$4.84B vs. ~$5.05B expected. Revenue and EPS fell year‑over‑year, reflecting weaker North American residential demand. Carrier Global shares slide after Q4 earnings and revenue miss forecasts
• Negative Sentiment: FY‑2026 guidance came in below Street forecasts: EPS guidance of $2.80 (company range 2.80–2.80) vs. consensus ~2.87 and revenue guidance ~$22.0B vs. ~$22.5B expected — Reuters and others flag this as the main driver of the stock weakness. Carrier Global forecasts 2026 profit below estimates on weak residential HVAC demand

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.