The Goldman Sachs Group Forecasts Strong Price Appreciation for Carrier Global (NYSE:CARR) Stock

Key Points

• The Goldman Sachs Group raised its price target on Carrier Global to $80 (from $74), implying roughly a 19.5% upside from the company's current price.
• Carrier beat Q1 estimates (EPS $0.57 vs. $0.51; revenue $5.34B vs. ~$5.01B), flagged exceptional data‑center demand (orders up >500%), saw total orders +11% and Commercial HVAC orders +35%, and reaffirmed FY2026 guidance of about $2.80 EPS and ~$22B revenue.
• Analysts rate the stock a Moderate Buy (13 Buy, 10 Hold) with a consensus price target of $72.09; shares trade near $66.94, with a P/E of 39.15 and market cap around $55.9B.

Carrier Global (NYSE:CARR - Get Free Report) had its target price increased by The Goldman Sachs Group from $74.00 to $80.00 in a research report issued on Friday,MarketScreener reports. The Goldman Sachs Group's price objective would indicate a potential upside of 19.52% from the company's current price.

A number of other research analysts have also issued reports on the company. UBS Group dropped their target price on Carrier Global from $73.00 to $70.00 and set a "buy" rating on the stock in a report on Monday, January 5th. CICC Research decreased their price target on Carrier Global from $76.85 to $69.78 and set an "outperform" rating for the company in a report on Wednesday, February 11th. Wolfe Research lifted their price objective 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. Morgan Stanley set a $55.00 price objective on shares of Carrier Global in a research report on Thursday, January 8th. Finally, Royal Bank Of Canada reduced their target price on shares of Carrier Global from $74.00 to $68.00 and set an "outperform" rating for the company in a research note on Wednesday, April 8th. Thirteen research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Carrier Global presently has an average rating of "Moderate Buy" and a consensus price target of $72.09.

Carrier Global Price Performance

Shares of CARR opened at $66.94 on Friday. Carrier Global has a fifty-two week low of $50.24 and a fifty-two week high of $81.09. The company has a market capitalization 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 firm has a 50-day simple moving average of $59.74 and a 200-day simple moving average of $57.72. 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 (NYSE:CARR - Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.06. The firm had revenue of $5.34 billion for the quarter, compared to analysts' expectations of $5.01 billion. Carrier Global had a return on equity of 15.30% and a net margin of 6.82%.The firm's revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.65 EPS. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. On average, equities research analysts anticipate that Carrier Global will post 2.74 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Brighton Jones LLC lifted its holdings in Carrier Global by 30.3% in the fourth quarter. Brighton Jones LLC now owns 7,958 shares of the company's stock valued at $543,000 after acquiring an additional 1,850 shares during the period. AQR Capital Management LLC grew its stake in shares of Carrier Global by 51.5% during the 1st quarter. AQR Capital Management LLC now owns 68,225 shares of the company's stock worth $4,236,000 after purchasing an additional 23,200 shares during the period. United Bank increased its holdings in shares of Carrier Global by 41.2% in the 2nd quarter. United Bank now owns 16,991 shares of the company's stock valued at $1,244,000 after purchasing an additional 4,956 shares in the last quarter. Schnieders Capital Management LLC. increased its holdings in shares of Carrier Global by 33.7% in the 2nd quarter. Schnieders Capital Management LLC. now owns 16,967 shares of the company's stock valued at $1,242,000 after purchasing an additional 4,277 shares in the last quarter. Finally, Guggenheim Capital LLC lifted its stake in shares of Carrier Global by 6.0% in the second quarter. Guggenheim Capital LLC now owns 9,903 shares of the company's stock valued at $725,000 after purchasing an additional 561 shares during the period. Hedge funds and other institutional investors own 91.00% of the company's stock.

Carrier Global News Summary

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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