Trane Technologies (TT) Stock Forecast & Price Target

$389.48 +0.62 (+0.16%)

As of 01/17/2025 03:59 PM Eastern

Trane Technologies - 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

Hold

Based on 15 Analyst Ratings

Sell
1

Hold
8

Buy
6

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 "Hold." Out of the 15 analysts, 1 has given a sell rating, 8 have given a hold rating, and 6 have given a buy rating for TT.

Consensus Price Target

$420.64
8.00% Upside

According to the 15 analysts' twelve-month price targets for Trane Technologies, the average price target is $420.64. The highest price target for TT is $500.00, while the lowest price target for TT is $350.00. The average price target represents a forecasted upside of 8.00% from the current price of $389.48.

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TT Analyst Ratings Over Time

Type	Current Forecast 1/21/24 to 1/20/25	1 Month Ago 12/22/23 to 12/21/24	3 Months Ago 10/23/23 to 10/22/24	1 Year Ago 1/21/23 to 1/21/24
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	6 Buy rating(s)	6 Buy rating(s)	5 Buy rating(s)	5 Buy rating(s)
Hold	8 Hold rating(s)	8 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	$420.64	$409.93	$373.58	$215.00
Forecasted Upside	8.00% Upside	8.70% Upside	-4.75% Downside	-13.63% Downside
Consensus Rating	Hold	Hold	Hold	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	Construction Companies	S&P 500
Consensus Rating Score	2.33	2.61	2.52
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	8.00% Upside	17.40% Upside	12.44% 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

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
1/15/2025	JPMorgan Chase & Co. 3 of 5 stars	Stephen Tusa Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Neutral ➝ Neutral	$390.00 ➝ $387.00	-0.70%
1/13/2025	Citigroup 3 of 5 stars	Andrew Kaplowitz Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$478.00 ➝ $476.00	+26.83%
1/7/2025	Wells Fargo & Company 3 of 5 stars		Lower Target	Underweight ➝ Underweight	$390.00 ➝ $380.00	+0.26%
1/3/2025	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sector Perform ➝ Sector Perform	$390.00 ➝ $395.00	+3.83%
12/5/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$440.00 ➝ $500.00	+21.19%
11/22/2024	Northcoast Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Snyder Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$500.00	+20.37%
11/13/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy ➝ Buy	$375.00 ➝ $500.00	+19.27%
10/31/2024	Hsbc Global Res Subscribe to MarketBeat All Access for the recommendation accuracy rating	W. Brooks Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
10/31/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$408.00 ➝ $404.00	+7.58%
10/31/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$405.00	+7.85%
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10/17/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$325.00 ➝ $400.00	+1.17%
10/9/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$364.00 ➝ $407.00	+2.43%
9/6/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Overweight	$425.00	+23.94%
8/5/2024	Stephens Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Equal Weight ➝ Equal Weight	$350.00 ➝ $350.00	+10.81%
5/1/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$325.00 ➝ $360.00	+13.53%
10/5/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underperform ➝ Neutral	$187.00 ➝ $210.00	+4.80%
5/4/2023	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		Lower Target	Hold	$184.00 ➝ $183.00	+6.99%
3/27/2023	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Market Perform
2/8/2023	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$185.00 ➝ $200.00	+10.83%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 06:18 PM 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 Tuesday, January 7, 2025. 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's stock is currently trading at $399.36, reflecting a strong market position and investor confidence.
Institutional investors own approximately 82.97% of the company's stock, indicating strong institutional support and confidence in the company's future performance.
Recent analyst upgrades, including a price target increase from Citigroup to $478.00, suggest positive market sentiment and potential for stock appreciation.
The company has shown resilience with a 12-month high of $422.00, demonstrating its ability to maintain value in a fluctuating market.
Trane Technologies plc has a solid market capitalization of $89.87 billion, which provides stability and resources for growth and innovation.

Trane Technologies
Bear Case

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

Despite recent upgrades, one analyst has issued a sell rating, indicating potential concerns about the stock's future performance.
The company's price-to-earnings (P/E) ratio is 37.07, which may suggest that the stock is overvalued compared to its earnings, potentially limiting future price appreciation.
Trane Technologies plc has a debt-to-equity ratio of 0.57, which, while manageable, indicates that the company is using some leverage that could pose risks in a rising interest rate environment.
Recent trading volumes have been below average, which may indicate a lack of investor interest or confidence in the stock at current levels.
Analysts have mixed ratings, with eight hold ratings and only six buy ratings, suggesting uncertainty in the stock's future trajectory.

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 $420.64, with a high forecast of $500.00 and a low forecast of $350.00.
: 15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Trane Technologies in the last twelve months. There is currently 1 sell rating, 8 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" TT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TT, but not buy additional shares or sell existing shares.
: According to analysts, Trane Technologies's stock has a predicted upside of 8.00% based on their 12-month stock forecasts.
: Over the previous 90 days, Trane Technologies's stock had 2 downgrades by analysts.
: Trane Technologies has been rated by research analysts at Barclays, Citigroup, Hsbc Global Res, HSBC, JPMorgan Chase & Co., Northcoast Research, Robert W. Baird, Royal Bank of Canada, UBS Group, and Wells Fargo & Company in the past 90 days.
: Analysts like Trane Technologies less than other "construction" companies. The consensus rating for Trane Technologies is Hold while the average consensus rating for "construction" companies is Moderate Buy. Learn more on how TT compares to other companies.

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This page (NYSE:TT) was last updated on 1/20/2025 by MarketBeat.com Staff

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Trane Technologies (TT) Stock Forecast & Price Target