The Goldman Sachs Group Issues Positive Forecast for Carrier Global (NYSE:CARR) Stock Price

Carrier Global (NYSE:CARR) had its target price raised by equities research analysts at The Goldman Sachs Group from $74.00 to $80.00 in a research report issued to clients and investors on Friday,MarketScreener reports. The Goldman Sachs Group’s target price suggests a potential upside of 19.52% from the company’s current price.

Other equities research analysts have also issued reports about the stock. JPMorgan Chase & Co. boosted their price objective on shares of Carrier Global from $60.00 to $63.00 and gave the stock a “neutral” rating in a research report on Friday, January 16th. Wells Fargo & Company dropped their target price on shares of Carrier Global from $65.00 to $58.00 and set an “equal weight” rating for the company in a report on Wednesday, April 1st. Rothschild & Co Redburn cut their target price on shares of Carrier Global from $67.00 to $61.00 and set a “neutral” rating for the company in a research report on Wednesday, January 21st. BNP Paribas Exane started coverage on shares of Carrier Global in a report on Tuesday, April 14th. They issued a “neutral” rating and a $62.00 price target on the stock. Finally, UBS Group lowered their price target on shares of Carrier Global from $73.00 to $70.00 and set a “buy” rating on the stock in a research report on Monday, January 5th. Thirteen equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $72.09.

Carrier Global Stock Performance

CARR opened at $66.94 on Friday. The stock has a market cap of $55.92 billion, a P/E ratio of 39.15, a P/E/G ratio of 2.52 and a beta of 1.32. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.20 and a quick ratio of 0.85. The stock’s 50 day simple moving average is $59.74 and its 200 day simple moving average is $57.72. Carrier Global has a 1-year low of $50.24 and a 1-year high of $81.09.

Carrier Global (NYSE:CARR) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.06. The firm had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.01 billion. Carrier Global had a return on equity of 15.30% and a net margin of 6.82%.Carrier Global’s revenue was up 2.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.65 earnings per share. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. As a group, equities analysts anticipate that Carrier Global will post 2.74 EPS for the current fiscal year.

Institutional Investors Weigh In On Carrier Global

Hedge funds have recently modified their holdings of the company. Norges Bank purchased a new stake in shares of Carrier Global during the fourth quarter worth about $380,299,000. Capital International Investors lifted its stake in shares of Carrier Global by 6.7% during the third 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 period. Ameriprise Financial Inc. boosted its position in Carrier Global by 506.1% during the third quarter. Ameriprise Financial Inc. now owns 4,187,219 shares of the company’s stock worth $249,977,000 after acquiring an additional 3,496,372 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in Carrier Global by 461.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 2,460,321 shares of the company’s stock worth $130,003,000 after acquiring an additional 2,022,136 shares during the period. Finally, Ontario Teachers Pension Plan Board purchased a new stake in Carrier Global in the 4th quarter worth approximately $99,839,000. 91.00% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Carrier Global

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

• Positive Sentiment: Q1 beat on both EPS and revenue — adjusted EPS $0.57 vs. $0.51 estimate and net sales $5.34B vs. ~$5.01B — giving investors confidence in near‑term profitability. Carrier Reports First Quarter 2026 Results
• Positive Sentiment: Data‑center demand is the standout driver: management cited data‑center orders up over 500% and said backlog fully covers expected 2026 data‑center sales, supporting the thesis of durable, high‑margin commercial HVAC growth. Carrier reaffirms ~$22b 2026 sales outlook and projects ~$2.80 adjusted EPS
• Positive Sentiment: Order momentum: total company orders +11% and Commercial HVAC orders +35% in Q1, signaling demand breadth beyond one segment; management also returned roughly $500M to shareholders in the quarter. Carrier (CARR) jumps 9.5% as Q1 results beat expectations
• Neutral Sentiment: Company reaffirmed FY2026 guidance at ~$2.80 adjusted EPS and ~$22B revenue — a slight beat versus consensus but not a raise; that supports guidance credibility without creating upside surprise. Carrier Global Corporation Q1 2026 Earnings Call Summary
• Neutral Sentiment: Earnings call transcript and slides are available for detail on segment dynamics and backlog conversion timing for data centers (useful for modeling revenue cadence). Carrier Q1 2026 Earnings Call Transcript
• Negative Sentiment: Near‑term cautions: organic sales were down ~1% year‑over‑year, GAAP EPS ($0.28) declined vs. prior year, and free cash flow was negative (~$15M), which could limit multiple expansion unless cash conversion improves. Carrier Q1 earnings and supplemental materials

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.