Carrier Global (CARR) Stock Forecast & Price Target

$68.49 +1.80 (+2.70%)

(As of 12/20/2024 05:23 PM ET)

Carrier Global - Analysts' Recommendations and Stock Price Forecast (2025)

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.

Consensus Rating

Moderate Buy

Based on 17 Analyst Ratings

Sell
0

Hold
8

Buy
9

Based on 17 Wall Street analysts who have issued ratings for Carrier Global in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 17 analysts, 8 have given a hold rating, 8 have given a buy rating, and 1 has given a strong buy rating for CARR.

Consensus Price Target

$83.50
21.92% Upside

According to the 17 analysts' twelve-month price targets for Carrier Global, the average price target is $83.50. The highest price target for CARR is $96.00, while the lowest price target for CARR is $70.00. The average price target represents a forecasted upside of 21.92% from the current price of $68.49.

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CARR Analyst Ratings Over Time

Type	Current Forecast 12/22/23 to 12/21/24	1 Month Ago 11/22/23 to 11/21/24	3 Months Ago 9/23/23 to 9/22/24	1 Year Ago 12/22/22 to 12/22/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	8 Buy rating(s)	7 Buy rating(s)	6 Buy rating(s)	6 Buy rating(s)
Hold	8 Hold rating(s)	7 Hold rating(s)	4 Hold rating(s)	6 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)	3 Sell rating(s)
Consensus Price Target	$83.50	$82.31	$71.73	$58.40
Forecasted Upside	21.92% Upside	8.25% Upside	-10.25% Downside	2.28% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Hold

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CARR 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.

CARR 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.

Carrier Global Stock vs. The Competition

Type	Carrier Global	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.59	2.68	2.51
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	21.92% Upside	264.23% Upside	14.52% Upside
News Sentiment Rating	Positive News See Recent CARR News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
12/12/2024	The Goldman Sachs Group 2 of 5 stars	J. Ritchie Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$96.00	+30.24%
12/5/2024	Barclays 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$89.00 ➝ $92.00	+23.01%
11/22/2024	Northcoast Research 5 of 5 stars	S. Snyder Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Neutral
11/13/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Karas Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy	$94.00	+24.67%
10/28/2024	Stephens Subscribe to MarketBeat All Access for the recommendation accuracy rating	T. Moll Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Equal Weight ➝ Equal Weight	$85.00 ➝ $80.00	+8.18%
10/25/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$91.00 ➝ $87.00	+18.77%
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10/25/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$82.00 ➝ $76.00	+4.27%
10/25/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$88.00 ➝ $86.00	+17.99%
10/18/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$80.00 ➝ $90.00	+10.57%
10/17/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$65.00 ➝ $78.00	-3.76%
10/10/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Underweight ➝ Neutral	$48.00 ➝ $83.00	+1.12%
10/2/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$74.00 ➝ $88.00	+9.67%
9/6/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Equal Weight	$75.00	+8.66%
9/6/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	N. Coe Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Underperform ➝ Peer Perform
7/15/2024	Baird R W Subscribe to MarketBeat All Access for the recommendation accuracy rating	T. Wojs Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Strong-Buy
6/24/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	V. Bystricky Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy	$65.00 ➝ $74.00	+17.68%
4/29/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$66.00 ➝ $70.00	+12.18%
8/1/2023	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$52.00 ➝ $68.00	+14.83%
4/28/2023	888 Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
4/12/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold	$47.00 ➝ $48.00	+10.29%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 07:32 AM ET.

Should I Buy Carrier Global Stock? CARR 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 Sunday, December 15, 2024. Please send any questions or comments about these Carrier Global pros and cons to contact@marketbeat.com.

Carrier Global
Bull Case

Here are some ways that investors could benefit from investing in Carrier Global Co.:

Carrier Global Co. has initiated a significant share buyback program, authorizing the repurchase of $3.00 billion in shares. This move often indicates that the company's management believes its stock is undervalued, potentially leading to an increase in stock price as the supply of shares decreases.
The company recently increased its quarterly dividend to $0.225, up from $0.19, reflecting a commitment to returning value to shareholders. This translates to an annualized dividend of $0.90, providing a yield of 1.22%, which can be attractive for income-focused investors.
As of the latest trading session, Carrier Global Co. shares are priced at $73.67. This price is significantly below its 1-year high of $83.32, suggesting potential for price appreciation as the market recognizes the company's value.
Carrier Global Co. has a solid market capitalization of $66.10 billion, indicating a stable and established presence in the HVAC and building automation sectors, which can provide a level of security for investors.
The company has received a consensus rating of "Moderate Buy" from analysts, with an average target price of $82.54, suggesting that there is optimism about the stock's future performance.

Carrier Global
Bear Case

Investors should be bearish about investing in Carrier Global Co. for these reasons:

Despite the recent share buyback and dividend increase, the stock has experienced a slight decline of 0.4% recently, which may indicate underlying market concerns or volatility.
The company's debt-to-equity ratio stands at 0.69, which, while not excessively high, suggests that Carrier Global Co. has a moderate level of debt. This could pose risks if interest rates rise or if the company faces financial challenges.
Analyst ratings show a mix of opinions, with eight analysts rating the stock as a hold, which may indicate uncertainty about the stock's short-term performance and potential for growth.
The P/E ratio of 18.65 suggests that the stock may be relatively expensive compared to its earnings, which could deter value-focused investors looking for bargains.
Market conditions in the HVAC and building automation sectors can be influenced by economic cycles, and any downturn could negatively impact Carrier Global Co.'s performance and stock price.

CARR Forecast - Frequently Asked Questions

: According to the research reports of 17 Wall Street equities research analysts, the average twelve-month stock price forecast for Carrier Global is $83.50, with a high forecast of $96.00 and a low forecast of $70.00.
: 17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Carrier Global in the last year. There are currently 8 hold ratings, 8 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" CARR shares.
: According to analysts, Carrier Global's stock has a predicted upside of 21.92% based on their 12-month stock forecasts.
: Over the previous 90 days, Carrier Global's stock had 1 upgrade and 1 downgrade by analysts.
: Carrier Global has been rated by research analysts at Bank of America, Barclays, JPMorgan Chase & Co., Mizuho, Northcoast Research, Oppenheimer, Robert W. Baird, Royal Bank of Canada, Stephens, The Goldman Sachs Group, UBS Group, and Wells Fargo & Company in the past 90 days.
: Analysts like Carrier Global less than other "computer and technology" companies. The consensus rating score for Carrier Global is 2.59 while the average consensus rating score for "computer and technology" companies is 2.68. Learn more on how CARR compares to other companies.

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My research indicates there is only one investment that can meet AI's unprecedented demand for energy.

Click to get the name and ticker symbol

This page (NYSE:CARR) was last updated on 12/21/2024 by MarketBeat.com Staff

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Carrier Global (CARR) Stock Forecast & Price Target