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

Carrier Global (NYSE:CARR) had its target price boosted by research analysts at The Goldman Sachs Group from $68.00 to $74.00 in a research report issued on Friday,MarketScreener reports. The brokerage currently has a “buy” rating on the stock. The Goldman Sachs Group’s target price points to a potential upside of 14.20% from the company’s current price.

Several other brokerages have also weighed in on CARR. Mizuho cut their target price on Carrier Global from $75.00 to $67.00 and set an “outperform” rating on the stock in a research report on Monday, January 5th. Weiss Ratings reissued a “hold (c+)” rating on shares of Carrier Global in a report on Monday, December 29th. Morgan Stanley set a $55.00 price target on Carrier Global in a report on Thursday, January 8th. JPMorgan Chase & Co. boosted their price objective on shares of Carrier Global from $60.00 to $63.00 and gave the company a “neutral” rating in a research note on Friday, January 16th. Finally, Oppenheimer reissued a “market perform” rating on shares of Carrier Global in a report on Wednesday, October 29th. Ten equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $70.44.

Carrier Global Stock Performance

Shares of CARR stock opened at $64.80 on Friday. The business has a 50-day simple moving average of $55.25 and a 200-day simple moving average of $59.52. The company has a quick ratio of 0.75, a current ratio of 1.14 and a debt-to-equity ratio of 0.76. Carrier Global has a 52-week low of $50.24 and a 52-week high of $81.09. The stock has a market cap of $54.57 billion, a PE ratio of 14.48, a price-to-earnings-growth ratio of 2.55 and a beta of 1.33.

Carrier Global (NYSE:CARR) last released its quarterly earnings data on Thursday, February 5th. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). The business had revenue of $4.84 billion during the quarter, compared to analyst estimates of $5.05 billion. Carrier Global had a net margin of 18.05% and a return on equity of 16.65%. The firm’s revenue was down 6.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.54 EPS. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. On average, equities analysts expect that Carrier Global will post 2.99 EPS for the current year.

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

Institutional Investors Weigh In On Carrier Global

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Costello Asset Management INC raised its stake in shares of Carrier Global by 4.2% in the 2nd quarter. Costello Asset Management INC now owns 3,153 shares of the company’s stock worth $231,000 after buying an additional 127 shares in the last quarter. Rehmann Capital Advisory Group boosted its holdings in Carrier Global by 1.3% in the 2nd quarter. Rehmann Capital Advisory Group now owns 12,083 shares of the company’s stock valued at $884,000 after purchasing an additional 150 shares during the period. Kingsview Wealth Management LLC raised its position in shares of Carrier Global by 1.0% during the second quarter. Kingsview Wealth Management LLC now owns 17,110 shares of the company’s stock valued at $1,252,000 after buying an additional 165 shares during the last quarter. Empirical Finance LLC grew its holdings in shares of Carrier Global by 0.6% during the 2nd quarter. Empirical Finance LLC now owns 29,227 shares of the company’s stock worth $2,139,000 after purchasing an additional 168 shares in the last quarter. Finally, Poehling Capital Management INC. increased its holdings in Carrier Global by 0.4% during the 2nd quarter. Poehling Capital Management INC. now owns 38,397 shares of the company’s stock valued at $2,810,000 after purchasing an additional 169 shares in the last quarter. Institutional investors own 91.00% of the company’s stock.

Key Carrier Global News

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

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.