Carrier Global (NYSE:CARR) Stock Price Expected to Rise, Citigroup Analyst Says

Key Points

• Citigroup raised its price target on Carrier Global to $79 from $72, implying roughly an 18% upside
• Carrier beat Q1 expectations—adjusted EPS $0.57 vs. $0.51 and revenue $5.34B vs. $5.01B—driven by a >500% jump in data‑center orders and +35% Commercial HVAC orders, and management reaffirmed FY2026 guidance at about $2.80 EPS and ~$22B revenue.
• Near‑term cautions include ~1% organic sales decline, GAAP EPS falling to $0.28 and roughly negative free cash flow (~$15M), which could limit multiple expansion despite the order momentum and beats.

Carrier Global (NYSE:CARR - Get Free Report) had its target price hoisted by investment analysts at Citigroup from $72.00 to $79.00 in a research note issued on Friday,MarketScreener reports. Citigroup's price objective indicates a potential upside of 18.02% from the stock's previous close.

A number of other research firms have also recently commented on CARR. Wells Fargo & Company lowered their price target on shares of Carrier Global from $65.00 to $58.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 1st. UBS Group decreased their target price on Carrier Global from $73.00 to $70.00 and set a "buy" rating for the company in a research report on Monday, January 5th. Argus boosted their target price on Carrier Global from $70.00 to $72.00 and gave the company a "buy" rating in a research note on Monday, February 9th. JPMorgan Chase & Co. upped their price target on Carrier Global from $60.00 to $63.00 and gave the company a "neutral" rating in a research report on Friday, January 16th. Finally, Barclays reiterated an "overweight" rating and set a $79.00 price target on shares of Carrier Global in a research note on Friday. Thirteen investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $72.09.

Carrier Global Stock Performance

NYSE CARR opened at $66.94 on Friday. The company has a market capitalization of $55.92 billion, a PE ratio of 39.15, a price-to-earnings-growth ratio of 2.52 and a beta of 1.32. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.85 and a current ratio of 1.20. Carrier Global has a 52-week low of $50.24 and a 52-week high of $81.09. The company has a 50-day simple moving average of $59.74 and a 200 day simple moving average of $57.72.

Carrier Global (NYSE:CARR - Get Free Report) last released its earnings results 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. Carrier Global had a net margin of 6.82% and a return on equity of 15.30%. The firm had revenue of $5.34 billion for the quarter, compared to analysts' expectations of $5.01 billion. During the same period in the previous year, the company earned $0.65 earnings per share. The company's quarterly revenue was up 2.4% on a year-over-year basis. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. On average, research analysts predict that Carrier Global will post 2.74 EPS for the current year.

Institutional Trading of Carrier Global

A number of institutional investors have recently added to or reduced their stakes in the stock. Capital International Investors grew its holdings in Carrier Global by 6.7% during the 3rd 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 in the last quarter. State Street Corp increased its position in shares of Carrier Global by 1.1% during the fourth quarter. State Street Corp now owns 33,728,829 shares of the company's stock valued at $1,782,231,000 after buying an additional 351,490 shares during the period. Fisher Asset Management LLC lifted its holdings in shares of Carrier Global by 0.6% in the third quarter. Fisher Asset Management LLC now owns 15,139,140 shares of the company's stock worth $903,807,000 after buying an additional 90,585 shares in the last quarter. Dodge & Cox lifted its holdings in shares of Carrier Global by 5.1% in the third quarter. Dodge & Cox now owns 13,427,697 shares of the company's stock worth $801,634,000 after buying an additional 651,648 shares in the last quarter. Finally, Morgan Stanley boosted its position in shares of Carrier Global by 1.8% in the fourth quarter. Morgan Stanley now owns 11,757,449 shares of the company's stock valued at $621,264,000 after acquiring an additional 210,952 shares during the period. Hedge funds and other institutional investors own 91.00% of the company's stock.

Key Headlines Impacting 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.