Robert W. Baird Issues Positive Forecast for Carrier Global (NYSE:CARR) Stock Price

Key Points

• Robert W. Baird raised its price target on Carrier Global to $75 (from $70), implying roughly a 12.05% upside from the current share price.
• Q1 beat: Carrier reported adjusted EPS $0.57 vs. $0.51 expected and revenue $5.34B vs. ~$5.01B, while management highlighted data‑center orders up over 500% and reaffirmed FY2026 guidance of about $2.80 EPS and ~$22B revenue.
• Analyst sentiment is mixed but tilted positive (consensus Moderate Buy, target ~$72.09), though near‑term cautions — organic sales down ~1%, GAAP EPS decline and negative free cash flow — could constrain multiple expansion.

Carrier Global (NYSE:CARR - Get Free Report) had its price target boosted by equities researchers at Robert W. Baird from $70.00 to $75.00 in a report released on Friday,MarketScreener reports. Robert W. Baird's price objective would suggest a potential upside of 12.05% from the stock's current price.

Other analysts also recently issued research reports about the stock. Morgan Stanley set a $55.00 price target on shares of Carrier Global in a report on Thursday, January 8th. BNP Paribas Exane assumed coverage on shares of Carrier Global in a research report on Tuesday, April 14th. They set a "neutral" rating and a $62.00 price objective on the stock. Zacks Research upgraded shares of Carrier Global from a "strong sell" rating to a "hold" rating in a report on Tuesday, April 7th. Weiss Ratings raised shares of Carrier Global from a "hold (c-)" rating to a "hold (c)" rating in a research report on Wednesday, April 22nd. Finally, Wells Fargo & Company decreased 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 research note on Wednesday, April 1st. Thirteen equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $72.09.

Carrier Global Price Performance

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

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

Institutional Investors Weigh In On Carrier Global

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Aigen Investment Management LP lifted its holdings in shares of Carrier Global by 0.3% in the 4th quarter. Aigen Investment Management LP now owns 49,268 shares of the company's stock valued at $2,603,000 after acquiring an additional 166 shares during the last quarter. Advisory Alpha LLC increased its stake in Carrier Global by 2.9% during the fourth quarter. Advisory Alpha LLC now owns 6,034 shares of the company's stock worth $319,000 after acquiring an additional 171 shares during the last quarter. Texas Bank & Trust Co raised its position in Carrier Global by 1.3% during 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 period. Advisor OS LLC raised its position in Carrier Global by 0.8% during the fourth quarter. Advisor OS LLC now owns 21,477 shares of the company's stock valued at $1,135,000 after purchasing an additional 178 shares during the period. Finally, Ironwood Investment Counsel LLC lifted its stake 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 valued at $244,000 after purchasing an additional 181 shares during the last quarter. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

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

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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