Trane Technologies (TT) Stock Forecast & Price Target

$428.86 +5.53 (+1.31%)

Closing price 09/18/2026 03:59 PM Eastern

Extended Trading

$429.97 +1.12 (+0.26%)

As of 09/18/2026 07:56 PM Eastern

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Trane Technologies - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Moderate Buy

Based on 15 Analyst Ratings

Sell
1

Hold
2

Buy
12

Based on 15 Wall Street analysts who have issued ratings for Trane Technologies in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 15 analysts, 1 has given a sell rating, 2 have given a hold rating, 11 have given a buy rating, and 1 has given a strong buy rating for TT.

Consensus Price Target

$521.50
21.60% Upside

According to the 15 analysts' twelve-month price targets for Trane Technologies, the average price target is $521.50. The highest price target for TT is $585.00, while the lowest price target for TT is $400.00. The average price target represents a forecasted upside of 21.60% from the current price of $428.86.

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

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TT Analyst Ratings Over Time

Type	Current Forecast 9/19/25 to 9/19/26	1 Month Ago 8/20/25 to 8/20/26	3 Months Ago 6/21/25 to 6/21/26	1 Year Ago 9/19/24 to 9/19/25
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	2 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	11 Buy rating(s)	11 Buy rating(s)	10 Buy rating(s)	5 Buy rating(s)
Hold	2 Hold rating(s)	2 Hold rating(s)	6 Hold rating(s)	8 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$521.50	$521.50	$509.12	$461.64
Forecasted Upside	21.60% Upside	15.60% Upside	5.22% Upside	13.45% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Hold

TT Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

TT Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Trane Technologies Stock vs. The Competition

Type	Trane Technologies	Industrials Companies	Broader Market
Consensus Rating Score	2.80	2.30	2.53
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	21.60% Upside	102.38% Upside	18.43% Upside
News Sentiment Rating	Positive News See Recent TT News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

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Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
9/10/2026	Weiss Ratings 5 of 5 stars		Upgrade	Buy (B-) ➝ Buy (B)
8/14/2026	Sanford C. Bernstein 3 of 5 stars	Varun Govindaraj Not Rated	Boost Target	Outperform	$555.00 ➝ $575.00	+19.89%
7/31/2026	Citigroup 4 of 5 stars	Andrew Kaplowitz 5 of 5 stars	Lower Target	Buy	$570.00 ➝ $566.00	+23.47%
7/31/2026	Royal Bank Of Canada Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Deane Dray Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Sector Perform	$501.00 ➝ $496.00	+8.20%
5/14/2026	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Patrick Baumann Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Neutral	$460.00 ➝ $476.00	-0.69%
5/1/2026	Barclays Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Julian Mitchell Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Overweight	$507.00 ➝ $585.00	+19.11%
5/1/2026	KeyCorp Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Jeffrey Hammond Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Overweight	$525.00 ➝ $555.00	+12.23%
4/14/2026	BNP Paribas Exane Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Andrew Buscaglia Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Initiated Coverage	Outperform	$550.00	+16.33%
4/13/2026	Evercore Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Initiated Coverage	Outperform	$535.00	+14.62%
1/30/2026	Oppenheimer Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Noah Kaye Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Outperform	$460.00 ➝ $468.00	+12.62%
Get the Latest News and Ratings for TT and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Trane Technologies and its competitors with MarketBeat's FREE daily newsletter.
1/30/2026	Wells Fargo & Company Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Joe O'Dea Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Underweight	$375.00 ➝ $400.00	-3.88%
1/13/2026	Morgan Stanley Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Chris Snyder Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Overweight	$550.00 ➝ $535.00	+38.16%
1/7/2026	Melius Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold ➝ Buy	$490.00	+30.22%
1/5/2026	UBS Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Amit Mehrotra Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Buy	$544.00 ➝ $520.00	+30.33%
11/13/2025	Bank of America Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Andrew Obin Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Neutral ➝ Buy	$490.00 ➝ $550.00	+30.30%
8/1/2025	Northcoast Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Buy ➝ Neutral
7/31/2025	HSBC Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Wesley Brooks Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Downgrade	Buy ➝ Hold	$415.00 ➝ $460.00	+6.52%
7/17/2025	Robert W. Baird Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Timothy Wojs Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Neutral	$396.00 ➝ $450.00	+1.00%
7/8/2025	The Goldman Sachs Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Joe Ritchie Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Neutral	$416.00 ➝ $460.00	+7.64%
5/1/2025	Stephens Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Tommy Moll Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Equal Weight ➝ Overweight	$475.00	+23.93%
10/17/2024	Mizuho Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Neutral	$325.00 ➝ $400.00	+1.17%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 04:26 AM ET.

Should I Buy Trane Technologies Stock? TT Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, September 17, 2026. Please send any questions or comments about these Trane Technologies pros and cons to contact@marketbeat.com.

Trane Technologies
Bull Case

Here are some ways that investors could benefit from investing in Trane Technologies plc:

Trane Technologies plc recently reported strong financial performance for the quarter ended July 30, 2026, with earnings per share of $4.31, which exceeded the consensus estimate of $4.27, and revenue of $6.35 billion, surpassing the expected $6.20 billion, demonstrating the company's ability to outperform market expectations and drive shareholder value through robust operational execution.
The company has raised its full-year 2026 earnings per share guidance to a range of $15.20 to $15.30, which is significantly higher than the previous consensus estimate of $14.90, indicating strong confidence in future profitability and suggesting that the current stock price of $422.76 may be undervalued relative to the company's projected earnings growth and improved financial outlook.
Wall Street analysts maintain a positive outlook on the stock, with a consensus rating of "Moderate Buy" and an average price target of $521.50, which represents a potential upside of approximately 23% from the current price, reflecting institutional confidence in the company's long-term growth trajectory and market position in the HVAC and transport refrigeration sectors.
Trane Technologies plc is benefiting from strong demand in its core markets, as evidenced by a 10.6% year-over-year increase in revenue for the most recent quarter, driven by robust HVAC demand and a strong backlog, which positions the company to capitalize on ongoing infrastructure and energy efficiency trends in both commercial and residential sectors.
The company is expanding its product offerings in the transportation sector, such as the recent launch of an all-electric EV series for urban cold chain transport in the Asia Pacific region, which diversifies its revenue streams and aligns with global sustainability goals, potentially opening new markets and enhancing its competitive advantage in the transport refrigeration industry.

Trane Technologies
Bear Case

Investors should be bearish about investing in Trane Technologies plc for these reasons:

Corporate insiders have been selling significant portions of their holdings, with CEO David Regnery selling 43,778 shares in August 2026 and CFO Christopher Kuehn selling 8,619 shares in April 2026, which may signal a lack of confidence in the stock's near-term performance or a desire to diversify personal portfolios, potentially weighing on investor sentiment.
The stock has experienced recent volatility and a decline from its 52-week high of $505.87 to the current price of $422.76, with a notable drop of 3.73% in a single trading day in September 2026, indicating potential market concerns about valuation or broader economic conditions that could affect the company's performance and stock price stability.
Some institutional investors have reduced their positions in Trane Technologies plc, such as Engineers Gate Manager LP, which sold 50,738 shares in the second quarter, and Corient Private Wealth LP, which trimmed its stake by 42.3%, suggesting that certain large holders may be taking profits or re-evaluating their investment thesis, which could impact demand for the stock.
The company's price-to-earnings ratio of 32.03 is relatively high compared to some industry peers, which may limit upside potential if earnings growth does not continue to accelerate, and investors should be cautious about overpaying for the stock if future performance does not meet the elevated expectations set by recent guidance and analyst targets.
Trane Technologies plc faces competition in the HVAC and transport refrigeration markets, and any shifts in consumer preferences, regulatory changes, or economic downturns could impact demand for its products, posing a risk to revenue growth and profitability, especially as the company relies on capital-intensive manufacturing and global supply chains that are vulnerable to external disruptions.

TT Forecast - Frequently Asked Questions

According to the research reports of 15 Wall Street equities research analysts, the average twelve-month stock price forecast for Trane Technologies is $521.50, with a high forecast of $585.00 and a low forecast of $400.00.

15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Trane Technologies in the last twelve months. There is currently 1 sell rating, 2 hold ratings, 11 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" TT shares.

According to analysts, Trane Technologies's stock has a predicted upside of 21.60% based on their 12-month stock forecasts.

Over the previous 90 days, Trane Technologies's stock had 1 upgrade and 1 downgrade by analysts.

Trane Technologies has been rated by research analysts at Citigroup, Royal Bank Of Canada, Sanford C. Bernstein, and Weiss Ratings in the past 90 days.

Analysts like Trane Technologies more than other "industrials" companies. The consensus rating for Trane Technologies is Moderate Buy while the average consensus rating for "industrials" companies is Hold. Learn more on how TT compares to other companies.

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MarketBeat monitors more than a dozen sources for Trane Technologies analyst ratings, with the most recent rating issued on 9/10/2026.

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Trane Technologies (TT) Stock Forecast & Price Target