Carrier Global (NYSE:CARR) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Key Points

• Royal Bank of Canada raised its price target on Carrier Global to $81 and maintained an "outperform" rating—implying roughly 19.8% upside—while multiple other firms also lifted targets and the consensus remains a "Moderate Buy" with an average target of $72.74.
• Carrier beat Q1 estimates (adjusted EPS $0.57 vs. $0.51; revenue $5.34B vs. $5.01B), highlighted >500% growth in data‑center orders and +35% in commercial HVAC, and reaffirmed FY‑2026 guidance of $2.80 EPS and about $22B in sales while returning roughly $500M to shareholders.
• Shares traded near $67.62 (1‑year range $50.24–$81.09) with a P/E of 39.5 and ~91% institutional ownership, though free cash flow was slightly negative (~‑$15M), indicating some short‑term operational headwinds to monitor.

Carrier Global (NYSE:CARR - Get Free Report) had its price target upped by investment analysts at Royal Bank Of Canada from $71.00 to $81.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Royal Bank Of Canada's target price would suggest a potential upside of 19.79% from the stock's current price.

CARR has been the topic of several other reports. CICC Research lowered their price objective on Carrier Global from $76.85 to $69.78 and set an "outperform" rating on the stock in a research note on Wednesday, February 11th. Mizuho lifted their price target on shares of Carrier Global from $67.00 to $75.00 in a report on Friday. Wolfe Research boosted their price target on shares of Carrier Global from $75.00 to $76.00 and gave the company an "outperform" rating in a research report on Wednesday, April 8th. Weiss Ratings upgraded shares of Carrier Global from a "hold (c-)" rating to a "hold (c)" rating in a research report on Wednesday, April 22nd. Finally, Barclays boosted their price target on shares of Carrier Global from $67.00 to $79.00 and gave the company an "overweight" rating in a research report on Friday. Thirteen investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Carrier Global has an average rating of "Moderate Buy" and a consensus price target of $72.74.

Carrier Global Price Performance

Shares of CARR stock traded up $0.45 during mid-day trading on Friday, reaching $67.62. The company's stock had a trading volume of 2,760,929 shares, compared to its average volume of 7,361,138. Carrier Global has a 1-year low of $50.24 and a 1-year high of $81.09. The company has a market cap of $56.49 billion, a P/E ratio of 39.52, a PEG 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. The firm's 50-day moving average is $59.74 and its two-hundred day moving average is $57.72.

Carrier Global (NYSE:CARR - Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.06. Carrier Global had a return on equity of 15.30% and a net margin of 6.82%.The company had revenue of $5.34 billion for the quarter, compared to analyst estimates of $5.01 billion. During the same period in the prior year, the company posted $0.65 EPS. The company's revenue was up 2.4% compared to the same quarter last year. 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 earnings per share for the current year.

Institutional Investors Weigh In On Carrier Global

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. KERR FINANCIAL PLANNING Corp acquired a new stake in Carrier Global in the 3rd quarter valued at about $25,000. Torren Management LLC acquired a new stake in Carrier Global in the 4th quarter valued at about $25,000. YANKCOM Partnership increased its position in 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 acquiring an additional 208 shares in the last quarter. Salomon & Ludwin LLC increased its position in Carrier Global by 460.5% in the 3rd quarter. Salomon & Ludwin LLC now owns 482 shares of the company's stock valued at $29,000 after acquiring an additional 396 shares in the last quarter. Finally, True Wealth Design LLC increased its position in 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 acquiring an additional 427 shares in the last quarter. Institutional investors and hedge funds own 91.00% of the company's stock.

Carrier Global News Roundup

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

• Positive Sentiment: Q1 results beat expectations — adjusted EPS $0.57 vs. $0.51 consensus and revenue $5.34B vs. $5.01B; management highlighted data-center orders up >500% and Commercial HVAC orders +35%, which underpins the rally. PR Newswire: Carrier Reports First Quarter 2026 Results
• Positive Sentiment: Multiple firms raised price targets (signals of renewed analyst conviction): Evercore to $85, Goldman Sachs to $80, Citi to $79, Baird to $75 and Mizuho to $75 — these upward revisions support further upside. Evercore Price Target Raise Goldman Sachs Price Target Raise Citigroup Price Target Raise
• Positive Sentiment: Company reaffirmed FY‑2026 guidance at $2.80 adjusted EPS and $22.0B sales and returned roughly $500M to shareholders (dividends + buybacks), supporting cash-return and valuation narratives. PR Newswire: Q1 Results & Guidance
• Neutral Sentiment: Analyst coverage is increasingly positive overall (several buy/overweight calls), but median price target in some datasets remains near the current level — the upgrades concentrate upside but consensus is mixed. Quiver Quant: Analyst Coverage Summary
• Negative Sentiment: Short-term liquidity/operating items: free cash flow was negative (~‑$15M) and organic sales declined ~1% despite headline growth — these indicate some operational headwinds to watch. PR Newswire: Q1 Results

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.

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