Trane Technologies (TT) Stock Forecast & Price Target

$454.60 +16.07 (+3.66%)

Closing price 09/25/2026 03:59 PM Eastern

Extended Trading

$453.73 -0.87 (-0.19%)

As of 09/25/2026 07:59 PM Eastern

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

Consensus Rating

Buy

Based on 15 Analyst Ratings

Sell
0

Hold
2

Buy
13

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 "Buy." Out of the 15 analysts, 2 have given a hold rating, 11 have given a buy rating, and 2 have given a strong buy rating for TT.

Consensus Price Target

$531.21
16.85% Upside

According to the 15 analysts' twelve-month price targets for Trane Technologies, the average price target is $531.21. The highest price target for TT is $585.00, while the lowest price target for TT is $468.00. The average price target represents a forecasted upside of 16.85% from the current price of $454.61.

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 9/26/25 to 9/26/26	1 Month Ago 8/27/25 to 8/27/26	3 Months Ago 6/28/25 to 6/28/26	1 Year Ago 9/26/24 to 9/26/25
Strong Buy	2 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	0 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$531.21	$521.50	$509.12	$461.64
Forecasted Upside	16.85% Upside	14.81% Upside	6.49% Upside	11.00% Upside
Consensus Rating	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	3.00	2.30	2.53
Consensus Rating	Buy	Hold	Moderate Buy
Predicted Upside	16.85% Upside	105.49% Upside	19.21% 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

Show

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Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
9/25/2026	Wells Fargo & Company 3 of 5 stars	Stephen Tusa Not Rated	Initiated Coverage	Overweight	$536.00	+22.11%
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 Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Andrew Kaplowitz Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	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%
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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%
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 07:41 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 Friday, September 25, 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 analyst 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 secured a substantial backlog of $12.1 billion, which provides significant visibility into future revenue streams and supports the higher 2026 outlook, indicating that demand for its heating, ventilation, air conditioning, and transport refrigeration solutions remains strong and stable for the remainder of the year.
Wells Fargo & Company initiated coverage on Trane Technologies plc with an "overweight" rating and a price target of $536.00, which represents a potential upside of approximately 17.9% from the current stock price of $454.61, signaling institutional confidence in the company's growth trajectory and valuation potential.
Trane Technologies plc is actively integrating governed artificial intelligence into its business operations, as highlighted by its participation in the Dataiku Succeed 2026 conference, where it demonstrated how clear ownership and trusted data are helping to move AI from isolated initiatives into measurable business operations, positioning the company as a leader in technological innovation within the industrial sector.
The stock has shown positive momentum recently, with the current price of $454.61 reflecting a gain of $16.07 from the previous close of $438.54, and the company maintains a consensus rating of "Moderate Buy" with a consensus price target of $521.50, suggesting that analysts believe the stock is undervalued relative to its fundamental performance.

Trane Technologies
Bear Case

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

Trane Technologies plc is trading at a price-to-earnings ratio of 34.44, which is significantly higher than the broader market average, indicating that the stock may be overvalued relative to its current earnings power and leaving little room for error if future growth does not meet the high expectations embedded in the price.
CEO David S. Regnery sold 43,778 shares of Trane Technologies plc stock on August 5, 2026, at an average price of $475.00, representing a 31.11% decrease in his direct ownership, which may signal insider caution or a desire to diversify holdings at current valuation levels.
Several institutional investors have reduced their positions in the company, including QRG Capital Management Inc., which lowered its stake by 42.2% in the second quarter, and Engineers Gate Manager LP, which sold 50,738 shares, suggesting that some large holders are taking profits or reassessing their exposure to the stock.
The company's beta of 1.19 indicates that Trane Technologies plc is more volatile than the overall market, meaning that investors may experience larger price swings in both directions, which could be concerning for those with a lower risk tolerance or a need for capital preservation.
While the company has strong fundamentals, the current stock price of $454.61 is below the 50-day simple moving average of $456.12 and the 200-day simple moving average of $458.57, which may indicate short-term technical weakness or a lack of immediate upward momentum despite the recent positive earnings report.

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 $531.21, with a high forecast of $585.00 and a low forecast of $468.00.

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

According to analysts, Trane Technologies's stock has a predicted upside of 16.85% based on their 12-month stock forecasts.

Over the previous 90 days, Trane Technologies's stock had 2 upgrades and 1 downgrade by analysts.

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

Analysts like Trane Technologies more than other "industrials" companies. The consensus rating for Trane Technologies is 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 9/25/2026.

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Trane Technologies (TT) Stock Forecast & Price Target