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Carrier Global (CARR) Stock Forecast & Price Target

Carrier Global logo
$75.82 +1.32 (+1.77%)
(As of 11:20 AM 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

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
8.56% 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 8.56% from the current price of $75.82.
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CARR Analyst Ratings Over Time

TypeCurrent Forecast
11/22/23 to 11/21/24
1 Month Ago
10/23/23 to 10/22/24
3 Months Ago
8/24/23 to 8/23/24
1 Year Ago
11/22/22 to 11/22/23
Strong Buy
1 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
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$80.67$67.08$57.63
Forecasted Upside8.56% Upside0.63% Upside-5.86% Downside9.24% Upside
Consensus Rating
Moderate Buy
Moderate Buy
Hold
Hold

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.
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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.
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Carrier Global Stock vs. The Competition

TypeCarrier GlobalComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.60
2.68
2.50
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside10.48% Upside547.67% Upside9.83% Upside
News Sentiment Rating
Positive News

See Recent CARR News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
11/13/2024UBS Group
4 of 5 stars
D. Karas
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UpgradeNeutral ➝ Buy$94.00+24.67%
10/28/2024Stephens
4 of 5 stars
T. Moll
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Lower TargetEqual Weight ➝ Equal Weight$85.00 ➝ $80.00+8.18%
10/25/2024Royal Bank of Canada
4 of 5 stars
 Lower TargetOutperform ➝ Outperform$91.00 ➝ $87.00+18.77%
10/25/2024Barclays
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 Lower TargetOverweight ➝ Overweight$90.00 ➝ $89.00+21.50%
10/25/2024Wells Fargo & Company
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 Lower TargetEqual Weight ➝ Equal Weight$82.00 ➝ $76.00+4.27%
10/25/2024Robert W. Baird
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 Lower TargetOutperform ➝ Outperform$88.00 ➝ $86.00+17.99%
10/18/2024Bank of America
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 Boost TargetNeutral ➝ Neutral$80.00 ➝ $90.00+10.57%
10/17/2024Mizuho
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 Boost TargetNeutral ➝ Neutral$65.00 ➝ $78.00-3.76%
10/10/2024JPMorgan Chase & Co.
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 Initiated CoverageUnderweight ➝ Neutral$48.00 ➝ $83.00+1.12%
10/2/2024Oppenheimer
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 Boost TargetOutperform ➝ Outperform$74.00 ➝ $88.00+9.67%
9/6/2024Morgan Stanley
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 Initiated CoverageEqual Weight$75.00+8.66%
9/6/2024Wolfe Research
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N. Coe
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UpgradeUnderperform ➝ Peer Perform
7/15/2024Baird R W
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T. Wojs
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UpgradeHold ➝ Strong-Buy
6/24/2024Citigroup
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V. Bystricky
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UpgradeNeutral ➝ Buy$65.00 ➝ $74.00+17.68%
4/29/2024TD Cowen
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 Boost TargetBuy ➝ Buy$66.00 ➝ $70.00+12.18%
8/1/2023Argus
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 Boost TargetBuy ➝ Buy$52.00 ➝ $68.00+14.83%
4/28/2023888
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 Reiterated RatingMaintains
4/12/2023Deutsche Bank Aktiengesellschaft
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 Boost TargetHold$47.00 ➝ $48.00+10.29%
12/15/2022The Goldman Sachs Group
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 Boost TargetBuy$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 Thursday at 11:41 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 Thursday, October 31, 2024. Please send any questions or comments about these Carrier Global pros and cons to contact@marketbeat.com.

Carrier Global
Bull Case

green Wall Street bull icon

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

red Wall Street bear icon

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 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 analysts is that investors should "moderate buy" CARR shares.

According to analysts, Carrier Global's stock has a predicted upside of 8.56% based on their 12-month stock forecasts.

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

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 2.68. Learn more on how CARR compares to other companies.


This page (NYSE:CARR) was last updated on 11/21/2024 by MarketBeat.com Staff
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