Carrier Global (CARR) Stock Forecast & Price Target

$74.53 -0.44 (-0.59%)

(As of 11/15/2024 ET)

Carrier Global - Analysts' Recommendations and Stock Price Forecast (2024)

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 15 Analyst Ratings

Sell
0

Hold
7

Buy
8

Based on 15 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 15 analysts, 7 have given a hold rating, 7 have given a buy rating, and 1 has given a strong buy rating for CARR.

Consensus Price Target

$82.31
10.44% Upside

According to the 15 analysts' twelve-month price targets for Carrier Global, the average price target is $82.31. The highest price target for CARR is $94.00, while the lowest price target for CARR is $70.00. The average price target represents a forecasted upside of 10.44% from the current price of $74.53.

CARR Analyst Ratings Over Time

Type	Current Forecast 11/17/23 to 11/16/24	1 Month Ago 10/18/23 to 10/17/24	3 Months Ago 8/19/23 to 8/18/24	1 Year Ago 11/17/22 to 11/17/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	7 Buy rating(s)	6 Buy rating(s)	6 Buy rating(s)	7 Buy rating(s)
Hold	7 Hold rating(s)	7 Hold rating(s)	5 Hold rating(s)	6 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	2 Sell rating(s)	3 Sell rating(s)
Consensus Price Target	$82.31	$79.83	$67.08	$57.63
Forecasted Upside	10.44% Upside	-1.97% Downside	-0.45% Downside	8.28% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Hold	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	2.60	2.67	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	10.44% Upside	552.04% Upside	9.87% 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
11/13/2024	UBS Group 4 of 5 stars	D. Karas Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy	$94.00	+24.67%
10/28/2024	Stephens 4 of 5 stars	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 4 of 5 stars		Lower Target	Outperform ➝ Outperform	$91.00 ➝ $87.00	+18.77%
10/25/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$90.00 ➝ $89.00	+21.50%
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%
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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%
12/15/2022	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$48.00 ➝ $53.00	+21.00%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 04:48 PM 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, October 27, 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 recently had its target price increased to $90.00 by Barclays, indicating positive growth potential.
Carrier Global Co. reported earnings results that exceeded the consensus estimate, showcasing strong financial performance.
Carrier Global Co. has a market cap of $71.48 billion, reflecting its significant size and stability in the market.
Carrier Global Co. has a diverse range of analyst ratings, with a consensus rating of "Moderate Buy," suggesting overall positive sentiment from analysts.
Carrier Global Co. stock has been trading at a 52-week high of $81.64, indicating positive momentum in the market.

Carrier Global
Bear Case

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

Carrier Global Co. experienced a decrease in stock price, trading down to $79.33, which may raise concerns about short-term performance.
Carrier Global Co. has a relatively high price-to-earnings ratio of 55.48, which could indicate the stock is overvalued compared to its earnings.
Carrier Global Co. has a debt-to-equity ratio of 0.80, which may suggest higher financial leverage and associated risks.
Carrier Global Co. has a beta of 1.32, indicating higher volatility compared to the market average, potentially leading to more significant price fluctuations.
Carrier Global Co. recently saw unusually high options trading activity, with a notable increase in put options, signaling potential investor uncertainty.

CARR Forecast - Frequently Asked Questions

: According to the research reports of 15 Wall Street equities research analysts, the average twelve-month stock price forecast for Carrier Global is $82.31, with a high forecast of $94.00 and a low forecast of $70.00.
: 15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Carrier Global in the last year. There are currently 7 hold ratings, 7 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CARR shares.
: According to analysts, Carrier Global's stock has a predicted upside of 10.44% based on their 12-month stock forecasts.
: Over the previous 90 days, Carrier Global's stock had 2 upgrades and 1 downgrade by analysts.
: Carrier Global has been rated by research analysts at Bank of America, Barclays, JPMorgan Chase & Co., Mizuho, Morgan Stanley, Oppenheimer, Robert W. Baird, Royal Bank of Canada, Stephens, UBS Group, Wells Fargo & Company, and Wolfe Research in the past 90 days.
: Analysts like Carrier Global less than other "computer and technology" companies. The consensus rating score for Carrier Global is 2.60 while the average consensus rating score for "computer and technology" companies is 2.67. Learn more on how CARR compares to other companies.

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This page (NYSE:CARR) was last updated on 11/16/2024 by MarketBeat.com Staff

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Carrier Global (CARR) Stock Forecast & Price Target