Carrier Global (NYSE:CARR) Given New $85.00 Price Target at Evercore

Key Points

• Evercore raised its price target on Carrier to $85 (from $75), implying about a 27% upside, while analysts' consensus remains a Moderate Buy with an average target near $72.09.
• Carrier beat Q1 expectations with adjusted EPS of $0.57 vs. $0.51 and revenue of $5.34B vs. $5.01B, and management highlighted data‑center orders up over 500% with backlog covering expected 2026 data‑center sales.
• The company reaffirmed FY2026 guidance of roughly $2.80 EPS and ~$22B revenue, but near‑term risks include ~1% organic sales decline, a drop in GAAP EPS, and negative free cash flow (~$15M), while the stock trades at a P/E around 39x.

Carrier Global (NYSE:CARR - Get Free Report) had its price objective upped by analysts at Evercore from $75.00 to $85.00 in a research report issued on Friday,MarketScreener reports. Evercore's price target points to a potential upside of 26.99% from the company's previous close.

A number of other analysts have also issued reports on the company. Argus boosted their target price on Carrier Global from $70.00 to $72.00 and gave the company a "buy" rating in a research report on Monday, February 9th. Robert W. Baird lifted their price objective on Carrier Global from $70.00 to $75.00 in a research note on Friday. JPMorgan Chase & Co. boosted their price objective on Carrier Global from $60.00 to $63.00 and gave the company a "neutral" rating in a report on Friday, January 16th. Zacks Research raised Carrier Global from a "strong sell" rating to a "hold" rating in a research note on Tuesday, April 7th. Finally, Wolfe Research raised their target price on Carrier Global from $75.00 to $76.00 and gave the company an "outperform" rating in a report on Wednesday, April 8th. Thirteen equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, Carrier Global presently has a consensus rating of "Moderate Buy" and an average price target of $72.09.

Carrier Global Price Performance

CARR stock opened at $66.94 on Friday. Carrier Global has a 52-week low of $50.24 and a 52-week high of $81.09. The company has a quick ratio of 0.85, a current ratio of 1.20 and a debt-to-equity ratio of 0.80. The stock has a market cap of $55.92 billion, a price-to-earnings ratio of 39.15, a price-to-earnings-growth ratio of 2.52 and a beta of 1.32. The business has a fifty day moving average of $59.74 and a two-hundred day moving average of $57.72.

Carrier Global (NYSE:CARR - Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.51 by $0.06. The business had revenue of $5.34 billion for the quarter, compared to analyst estimates of $5.01 billion. Carrier Global had a return on equity of 15.30% and a net margin of 6.82%.The company's quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.65 EPS. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. As a group, research analysts anticipate that Carrier Global will post 2.74 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Sequoia Financial Advisors LLC increased its holdings in shares of Carrier Global by 4.4% in the 1st quarter. Sequoia Financial Advisors LLC now owns 31,069 shares of the company's stock valued at $1,749,000 after acquiring an additional 1,320 shares during the last quarter. Manning & Napier Advisors LLC lifted its stake in Carrier Global by 172.8% during the first quarter. Manning & Napier Advisors LLC now owns 13,492 shares of the company's stock worth $760,000 after purchasing an additional 8,546 shares during the last quarter. Carmel Capital Partners LLC boosted its holdings in Carrier Global by 1.9% in the first quarter. Carmel Capital Partners LLC now owns 51,791 shares of the company's stock valued at $2,916,000 after purchasing an additional 981 shares in the last quarter. Equitable Trust Co. boosted its holdings in Carrier Global by 8.3% in the first quarter. Equitable Trust Co. now owns 5,824 shares of the company's stock valued at $328,000 after purchasing an additional 444 shares in the last quarter. Finally, Texas Bank & Trust Co increased its stake in Carrier Global by 1.3% in the first quarter. Texas Bank & Trust Co now owns 13,176 shares of the company's stock valued at $742,000 after purchasing an additional 175 shares during the last quarter. 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.

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