Mizuho Boosts Carrier Global (NYSE:CARR) Price Target to $75.00

Key Points

• Mizuho raised its price target on Carrier Global to $75 (from $67), implying about a 12.05% upside from the stock's prior close.
• Q1 results beat expectations—EPS $0.57 vs. $0.51 and revenue $5.34B vs. ~$5.01B—with management highlighting data‑center orders up over 500% and a backlog that covers expected 2026 data‑center sales while reaffirming ~2.80 EPS and ~$22B revenue guidance for FY2026.
• Analyst consensus is a “Moderate Buy” (13 Buys, 10 Holds) with a mean target of about $72.09, reflecting mixed but generally positive sentiment.

Carrier Global (NYSE:CARR - Get Free Report) had its price target boosted by stock analysts at Mizuho from $67.00 to $75.00 in a research report issued on Friday,MarketScreener reports. Mizuho's price target would suggest a potential upside of 12.05% from the stock's previous close.

CARR has been the topic of a number of other reports. Royal Bank Of Canada lowered their target price on shares of Carrier Global from $74.00 to $68.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 8th. JPMorgan Chase & Co. upped their price target on shares of Carrier Global from $60.00 to $63.00 and gave the company a "neutral" rating in a report on Friday, January 16th. UBS Group lowered their price target on Carrier Global from $73.00 to $70.00 and set a "buy" rating on the stock in a research report on Monday, January 5th. BNP Paribas Exane started coverage on Carrier Global in a research note on Tuesday, April 14th. They issued a "neutral" rating and a $62.00 price objective on the stock. Finally, Rothschild & Co Redburn cut their price objective on Carrier Global from $67.00 to $61.00 and set a "neutral" rating for the company in a research report on Wednesday, January 21st. Thirteen research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, Carrier Global has an average rating of "Moderate Buy" and a consensus target price of $72.09.

Carrier Global Stock Down 0.3%

CARR opened at $66.94 on Friday. The firm has a market cap of $55.92 billion, a P/E 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. The business has a 50 day moving average price of $59.74 and a 200 day moving average price of $57.72. Carrier Global has a twelve month low of $50.24 and a twelve month high of $81.09.

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. 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 the consensus estimate of $5.01 billion. During the same quarter last year, the company posted $0.65 earnings per share. The company's revenue for the quarter 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. Research analysts forecast that Carrier Global will post 2.74 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CARR. Aigen Investment Management LP lifted its stake in Carrier Global by 0.3% during the fourth quarter. Aigen Investment Management LP now owns 49,268 shares of the company's stock worth $2,603,000 after purchasing an additional 166 shares during the period. Advisory Alpha LLC grew its stake in shares of Carrier Global by 2.9% in the 4th quarter. Advisory Alpha LLC now owns 6,034 shares of the company's stock valued at $319,000 after purchasing an additional 171 shares during the period. Texas Bank & Trust Co grew its stake in shares of Carrier Global by 1.3% in the 1st 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 period. Advisor OS LLC raised its holdings in shares of Carrier Global by 0.8% in the 4th quarter. Advisor OS LLC now owns 21,477 shares of the company's stock worth $1,135,000 after buying an additional 178 shares in the last quarter. Finally, Ironwood Investment Counsel LLC raised its holdings in shares of Carrier Global by 4.6% in the 3rd quarter. Ironwood Investment Counsel LLC now owns 4,090 shares of the company's stock worth $244,000 after buying an additional 181 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 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

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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