Wells Fargo & Company Forecasts Strong Price Appreciation for Carrier Global (NYSE:CARR) Stock

Carrier Global (NYSE:CARR) had its target price increased by stock analysts at Wells Fargo & Company from $58.00 to $71.00 in a research report issued to clients and investors on Friday,MarketScreener reports. Wells Fargo & Company‘s price objective points to a potential upside of 4.82% from the stock’s current price.

Other research analysts have also recently issued research reports about the stock. Wolfe Research lifted their target price on shares of Carrier Global from $75.00 to $76.00 and gave the company an “outperform” rating in a research note on Wednesday, April 8th. Mizuho lifted their target price on shares of Carrier Global from $67.00 to $75.00 in a research note on Friday. Royal Bank Of Canada lifted their target price on shares of Carrier Global from $71.00 to $81.00 and gave the company an “outperform” rating in a research note on Friday. The Goldman Sachs Group lifted their target price on shares of Carrier Global from $74.00 to $80.00 in a research note on Friday. Finally, Evercore lifted their target price on shares of Carrier Global from $75.00 to $85.00 in a research note on Friday. Thirteen analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $73.39.

Carrier Global Stock Up 0.8%

CARR stock opened at $67.74 on Friday. Carrier Global has a twelve month low of $50.24 and a twelve month high of $81.09. The company has a market cap of $56.59 billion, a PE ratio of 39.61, a price-to-earnings-growth ratio of 2.68 and a beta of 1.38. The business’s 50-day simple moving average is $59.74 and its 200 day simple moving average is $57.72. The company has a quick ratio of 0.85, a current ratio of 1.05 and a debt-to-equity ratio of 0.76.

Carrier Global (NYSE:CARR) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.06. The company had revenue of $5.34 billion for the quarter, compared to the consensus estimate of $5.01 billion. Carrier Global had a return on equity of 14.81% and a net margin of 5.99%.The company’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.65 earnings per share. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. On average, research analysts anticipate that Carrier Global will post 2.8 earnings per share for the current year.

Hedge Funds Weigh In On Carrier Global

Several institutional investors and hedge funds have recently made changes to their positions in CARR. KERR FINANCIAL PLANNING Corp acquired a new position in shares of Carrier Global in the 3rd quarter valued at $25,000. YANKCOM Partnership grew its holdings in shares of Carrier Global by 78.5% in the 4th quarter. YANKCOM Partnership now owns 473 shares of the company’s stock valued at $25,000 after buying an additional 208 shares during the period. Torren Management LLC acquired a new position in shares of Carrier Global in the 4th quarter valued at $25,000. Global Wealth Strategies & Associates grew its holdings in shares of Carrier Global by 150.0% in the 4th quarter. Global Wealth Strategies & Associates now owns 500 shares of the company’s stock valued at $26,000 after buying an additional 300 shares during the period. Finally, True Wealth Design LLC grew its holdings in shares of Carrier Global by 723.7% in the 4th quarter. True Wealth Design LLC now owns 486 shares of the company’s stock valued at $26,000 after buying an additional 427 shares during the period. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global News Summary

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

• Positive Sentiment: Q1 beat and upbeat outlook — Carrier reported adjusted EPS $0.57 vs. $0.51 consensus and revenue $5.34B vs. $5.01B estimate; management reaffirmed FY‑26 adjusted EPS $2.80 and ~$22B sales while saying backlog fully covers expected 2026 data‑center sales. These results and the guidance re‑affirmation are the main drivers lifting the stock. PR Newswire: Carrier Reports First Quarter 2026 Results
• Positive Sentiment: Data‑center and Commercial HVAC momentum — Carrier highlighted data‑center orders up over 500% and Commercial HVAC orders +35%, with total company orders +11%, signaling durable demand in higher‑margin segments. Seeking Alpha: Data‑center demand story
• Positive Sentiment: Analyst upgrades and price‑target increases — Multiple firms raised targets (examples: Evercore to $85, RBC to $81, Goldman to $80, Citi to $79, others), reinforcing bullish sentiment and providing fresh buy‑side interest. Benzinga: Analysts boost forecasts
• Positive Sentiment: Shareholder returns — Company returned about $500M in the quarter through dividends and repurchases, which supports valuation and investor confidence. PR Newswire: Capital returns
• Neutral Sentiment: Management commentary and detail — The earnings‑call transcript and slide deck provide color on product mix, backlog and timing for data‑center revenue; useful for confirming sustainability but not an immediate catalyst by itself. Seeking Alpha: Q1 call transcript
• Positive Sentiment: Insider buy — CEO David Gitlin bought shares recently, a signal some investors view as management confidence in the outlook. QuiverQuant: Insider activity
• Negative Sentiment: Cash conversion and organic trends — Operating cash flow was $79M and free cash flow was negative (~$15M) in the quarter; organic sales were down ~1% and GAAP EPS ($0.28) lagged the prior year, which could temper enthusiasm if cash conversion and organic growth don’t improve. PR Newswire: Financial details

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.