Carrier Global (CARR) Stock Forecast, Price Target & Predictions
CARR Stock Forecast
Carrier Global stock forecast is as follows: an average price target of $59.10 (represents a -22.76% downside from CARR’s last price of $76.51) and a rating consensus of 'Buy', based on 16 wall street analysts offering a 1-year stock forecast.
CARR Price Target
The average price target for Carrier Global (CARR) is $59.10 based on 1-year price targets from 16 Wall Street analysts in the past 3 months, with a price target range of $80.00 to $43.00. This represents a potential -22.76% downside from CARR's last price of $76.51.
CARR Analyst Ratings
According to 16 Wall Street analysts, Carrier Global's rating consensus is 'Buy'. The analyst rating breakdown for CARR stock is 0 'Strong Buy' (0.00%), 12 'Buy' (75.00%), 4 'Hold' (25.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Carrier Global Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Sep 13, 2024 | Andrew Obin | Bank of America Securities | $80.00 | $75.37 | 6.14% | 4.56% |
| Sep 13, 2024 | Timothy Wojs | Robert W. Baird | $74.00 | $75.37 | -1.82% | -3.28% |
| Sep 06, 2024 | Christopher Snyder | Morgan Stanley | $75.00 | $69.04 | 8.63% | -1.97% |
| Sep 05, 2024 | Deane Dray | RBC Capital | $79.00 | $69.55 | 13.59% | 3.25% |
| Jul 29, 2024 | Andrew Obin | Bank of America Securities | $72.00 | $66.77 | 7.83% | -5.89% |
| Jul 26, 2024 | Noah Kaye | Oppenheimer | $70.00 | $64.83 | 7.97% | -8.51% |
| Jul 25, 2024 | Stewart Glickman | CFRA | $65.00 | $64.84 | 0.25% | -15.04% |
| Jul 15, 2024 | Carrier Global to Outperform | Robert W. Baird | $75.00 | $66.00 | 13.64% | -1.97% |
| Jun 27, 2024 | Noah Kaye | Oppenheimer | $71.00 | $63.40 | 11.99% | -7.20% |
| Oct 06, 2023 | Stephen Tusa | J.P. Morgan | $53.00 | $54.42 | -2.61% | -30.73% |
The latest Carrier Global stock forecast, released on Sep 13, 2024 by Andrew Obin from Bank of America Securities, set a price target of $80.00, which represents a 6.14% increase from the stock price at the time of the forecast ($75.37), and a 4.56% increase from CARR last price ($76.51).
Carrier Global Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 4 | 9 | 10 |
| Avg Price Target | $77.00 | $73.44 | $71.40 |
| Last Closing Price | $76.51 | $76.51 | $76.51 |
| Upside/Downside | 0.64% | -4.01% | -6.68% |
In the current month, the average price target of Carrier Global stock is $77.00, according to 4 Wall Street analysts offering twelve months forecast. The average price target represents a 0.64% increase as opposed to Carrier Global's last price of $76.51. This month's average price target is up 4.85% compared to last quarter, and up 7.84% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 06, 2024 | Morgan Stanley | Equal-Weight | Positive | Initialise |
| Sep 06, 2024 | Wolfe Research | - | Peer Perform | Upgrade |
| Sep 05, 2024 | RBC Capital | Outperform | Outperform | Hold |
| Aug 16, 2024 | RBC Capital | Buy | Buy | Hold |
| Jul 29, 2024 | Bank of America Securities | Underperform | Neutral | Upgrade |
| Jul 26, 2024 | Oppenheimer | Outperform | Outperform | Hold |
| Jul 25, 2024 | CFRA | Hold | Hold | Hold |
| Jul 15, 2024 | Wells Fargo | Buy | Buy | Hold |
| Jun 27, 2024 | Oppenheimer | Outperform | Outperform | Hold |
| Jun 24, 2024 | Citigroup | Neutral | Buy | Upgrade |
Carrier Global's last stock rating was published by Morgan Stanley on Sep 06, 2024. The company Initialise its CARR rating from "Equal-Weight" to "Positive".
Carrier Global Financial Forecast
Carrier Global Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $5.10B | - | $5.99B | $5.27B | $5.11B | $5.45B | - | $4.65B | $5.13B | $5.34B | $5.44B | $4.70B | $4.59B | $5.00B | $3.97B | $3.89B |
| Avg Forecast | $6.69B | $7.03B | $6.83B | $6.17B | $6.40B | $6.74B | $6.49B | $5.91B | $5.97B | $6.58B | $7.05B | $6.34B | $5.23B | $5.89B | $5.83B | $5.05B | $5.11B | $5.44B | $5.17B | $4.54B | $4.82B | $5.38B | $4.96B | $4.37B | $4.51B | $4.35B | $3.75B | $3.78B |
| High Forecast | $6.79B | $7.13B | $6.92B | $6.26B | $6.49B | $6.84B | $6.59B | $6.00B | $6.06B | $6.70B | $7.16B | $6.43B | $5.31B | $5.99B | $5.91B | $5.12B | $5.19B | $5.52B | $5.17B | $4.68B | $4.98B | $5.55B | $5.11B | $4.51B | $4.65B | $4.49B | $3.86B | $3.90B |
| Low Forecast | $6.05B | $6.35B | $6.17B | $5.58B | $5.78B | $6.09B | $5.87B | $5.35B | $5.39B | $6.33B | $6.38B | $5.73B | $5.14B | $5.78B | $5.27B | $4.57B | $4.62B | $4.92B | $5.17B | $4.16B | $4.41B | $4.92B | $4.54B | $4.00B | $4.13B | $3.98B | $3.43B | $3.46B |
| # Analysts | 9 | 9 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 10 | 9 | 3 | 6 | 16 | 8 | 9 | 12 | 7 | 7 | 9 | 14 | 8 | 8 | 10 | 14 | 8 | 8 | 10 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.98% | - | 1.03% | 1.04% | 1.00% | 1.00% | - | 1.03% | 1.06% | 0.99% | 1.10% | 1.08% | 1.02% | 1.15% | 1.06% | 1.03% |
Carrier Global's average Quarter revenue forecast for Mar 24 based on 3 analysts is $6.34B, with a low forecast of $5.73B, and a high forecast of $6.43B. CARR's average Quarter revenue forecast represents a 24.19% increase compared to the company's last Quarter revenue of $5.10B (Dec 23).
Carrier Global EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 9 | 9 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 10 | 9 | 3 | 6 | 16 | 8 | 9 | 12 | 7 | 7 | 9 | 14 | 8 | 8 | 10 | 14 | 8 | 8 | 10 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $607.00M | - | $489.00M | $654.00M | $425.00M | $1.64B | - | $1.85B | $556.00M | $916.00M | $881.00M | $667.00M | $1.35B | $1.17B | $530.00M | $408.00M |
| Avg Forecast | $979.97M | $1.03B | $999.17M | $903.43M | $936.60M | $986.63M | $950.59M | $865.72M | $873.73M | $962.87M | $1.03B | $2.19B | $765.22M | $861.86M | $852.96M | $1.99B | $748.23M | $931.27M | $756.37M | $1.57B | $468.21M | $846.61M | $755.14M | $468.70M | $1.54B | $741.87M | $360.40M | $383.27M |
| High Forecast | $994.28M | $1.04B | $1.01B | $916.61M | $950.27M | $1.00B | $964.46M | $878.36M | $886.48M | $980.64M | $1.05B | $2.62B | $776.88M | $877.51M | $865.40M | $2.38B | $759.15M | $1.12B | $756.37M | $1.89B | $561.85M | $1.02B | $906.17M | $562.44M | $1.85B | $890.24M | $432.48M | $459.93M |
| Low Forecast | $885.75M | $930.05M | $903.10M | $816.56M | $846.55M | $891.77M | $859.19M | $782.48M | $789.72M | $927.31M | $933.40M | $1.75B | $752.10M | $846.14M | $770.95M | $1.59B | $676.29M | $745.01M | $756.37M | $1.26B | $374.57M | $677.28M | $604.11M | $374.96M | $1.23B | $593.49M | $288.32M | $306.62M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.79% | - | 0.57% | 0.33% | 0.57% | 1.76% | - | 1.18% | 1.19% | 1.08% | 1.17% | 1.42% | 0.88% | 1.58% | 1.47% | 1.06% |
3 analysts predict CARR's average Quarter EBITDA for Mar 24 to be $2.19B, with a high of $2.62B and a low of $1.75B. This is 260.15% upper than Carrier Global's previous annual EBITDA (Dec 23) of $607.00M.
Carrier Global Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 9 | 9 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 10 | 9 | 3 | 6 | 16 | 8 | 9 | 12 | 7 | 7 | 9 | 14 | 8 | 8 | 10 | 14 | 8 | 8 | 10 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $439.00M | - | $611.00M | $373.00M | $270.00M | $1.31B | - | $1.38B | $332.00M | $469.00M | $487.00M | $384.00M | $884.00M | $741.00M | $261.00M | $96.00M |
| Avg Forecast | $632.18M | $987.78M | $937.49M | $684.53M | $499.19M | $768.51M | $748.22M | $532.81M | $499.13M | $738.81M | $774.44M | $1.63B | $467.04M | $728.31M | $705.01M | $1.48B | $366.12M | $476.82M | $562.18M | $1.17B | $272.84M | $433.47M | $417.43M | $269.84M | $1.01B | $468.25M | $177.48M | $90.18M |
| High Forecast | $644.17M | $1.01B | $955.27M | $697.51M | $508.66M | $783.09M | $762.42M | $542.91M | $508.60M | $775.30M | $789.14M | $1.96B | $494.52M | $765.19M | $718.38M | $1.78B | $373.07M | $572.18M | $562.18M | $1.41B | $327.41M | $520.16M | $500.91M | $323.81M | $1.21B | $561.90M | $212.98M | $108.22M |
| Low Forecast | $553.16M | $864.32M | $820.31M | $598.96M | $436.79M | $672.45M | $654.70M | $466.21M | $436.74M | $729.69M | $677.64M | $1.31B | $439.56M | $691.44M | $616.88M | $1.19B | $320.36M | $381.45M | $562.18M | $938.89M | $218.27M | $346.78M | $333.94M | $215.87M | $805.42M | $374.60M | $141.98M | $72.15M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.94% | - | 0.87% | 0.25% | 0.74% | 2.75% | - | 1.18% | 1.22% | 1.08% | 1.17% | 1.42% | 0.88% | 1.58% | 1.47% | 1.06% |
Carrier Global's average Quarter net income forecast for Mar 24 is $1.63B, with a range of $1.31B to $1.96B. CARR's average Quarter net income forecast represents a 272.00% increase compared to the company's last Quarter net income of $439.00M (Dec 23).
Carrier Global SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 9 | 9 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 10 | 9 | 3 | 6 | 16 | 8 | 9 | 12 | 7 | 7 | 9 | 14 | 8 | 8 | 10 | 14 | 8 | 8 | 10 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $961.00M | - | $784.00M | $721.00M | $673.00M | $624.00M | - | $601.00M | $816.00M | $748.00M | $813.00M | $743.00M | $810.00M | $681.00M | $637.00M | $738.00M |
| Avg Forecast | $982.07M | $1.03B | $1.00B | $905.36M | $938.61M | $988.74M | $952.63M | $867.58M | $875.60M | $964.93M | $1.03B | $711.74M | $766.86M | $863.71M | $854.78M | $647.03M | $749.83M | $760.47M | $757.99M | $511.49M | $687.16M | $691.33M | $696.86M | $522.11M | $922.50M | $430.33M | $433.16M | $693.27M |
| High Forecast | $996.41M | $1.05B | $1.02B | $918.58M | $952.31M | $1.00B | $966.53M | $880.24M | $888.38M | $982.74M | $1.05B | $854.08M | $778.55M | $879.39M | $867.26M | $776.44M | $760.77M | $912.56M | $757.99M | $613.79M | $824.59M | $829.60M | $836.23M | $626.53M | $1.11B | $516.40M | $519.79M | $831.93M |
| Low Forecast | $887.65M | $932.05M | $905.04M | $818.31M | $848.36M | $893.68M | $861.04M | $784.16M | $791.42M | $929.30M | $935.40M | $569.39M | $753.72M | $847.96M | $772.60M | $517.63M | $677.74M | $608.37M | $757.99M | $409.19M | $549.73M | $553.07M | $557.49M | $417.69M | $738.00M | $344.27M | $346.53M | $554.62M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.25% | - | 0.92% | 1.11% | 0.90% | 0.82% | - | 1.18% | 1.19% | 1.08% | 1.17% | 1.42% | 0.88% | 1.58% | 1.47% | 1.06% |
Carrier Global's average Quarter SG&A projection for Mar 24 is $711.74M, based on 3 Wall Street analysts, with a range of $569.39M to $854.08M. The forecast indicates a -25.94% fall compared to CARR last annual SG&A of $961.00M (Dec 23).
Carrier Global EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 9 | 9 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 10 | 9 | 3 | 6 | 16 | 8 | 9 | 12 | 7 | 7 | 9 | 14 | 8 | 8 | 10 | 14 | 8 | 8 | 10 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $0.52 | - | $0.73 | $0.45 | $0.32 | $1.56 | - | $1.62 | $0.38 | $0.54 | $0.56 | $0.44 | $1.02 | $0.86 | $0.30 | $0.11 |
| Avg Forecast | $0.69 | $1.08 | $1.02 | $0.75 | $0.55 | $0.84 | $0.82 | $0.58 | $0.55 | $0.81 | $0.85 | $0.50 | $0.51 | $0.80 | $0.77 | $0.48 | $0.40 | $0.65 | $0.62 | $0.47 | $0.39 | $0.66 | $0.56 | $0.37 | $0.36 | $0.47 | $0.25 | $0.33 |
| High Forecast | $0.70 | $1.10 | $1.04 | $0.76 | $0.56 | $0.86 | $0.83 | $0.59 | $0.56 | $0.85 | $0.86 | $0.51 | $0.54 | $0.84 | $0.78 | $0.49 | $0.41 | $0.67 | $0.62 | $0.49 | $0.40 | $0.68 | $0.58 | $0.39 | $0.38 | $0.49 | $0.26 | $0.34 |
| Low Forecast | $0.60 | $0.94 | $0.90 | $0.65 | $0.48 | $0.73 | $0.72 | $0.51 | $0.48 | $0.80 | $0.74 | $0.44 | $0.48 | $0.76 | $0.67 | $0.42 | $0.35 | $0.57 | $0.62 | $0.42 | $0.34 | $0.58 | $0.49 | $0.33 | $0.32 | $0.42 | $0.22 | $0.29 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.02% | - | 0.95% | 0.93% | 0.80% | 2.38% | - | 3.46% | 0.99% | 0.82% | 1.01% | 1.18% | 2.83% | 1.84% | 1.21% | 0.33% |
According to 3 Wall Street analysts, Carrier Global's projected average Quarter EPS for Mar 24 is $0.50, with a low estimate of $0.44 and a high estimate of $0.51. This represents a -3.20% decrease compared to CARR previous annual EPS of $0.52 (Dec 23).
Carrier Global Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| TREX | Trex Company | $66.10 | $84.14 | 27.29% | Buy |
| CSL | Carlisle Companies | $411.30 | $478.33 | 16.30% | Buy |
| JELD | JELD-WEN | $14.54 | $16.56 | 13.89% | Hold |
| FBIN | Fortune Brands Innovations | $83.16 | $84.25 | 1.31% | Hold |
| JCI | Johnson Controls | $72.55 | $72.56 | 0.01% | Buy |
| LPX | Louisiana-Pacific | $97.92 | $90.43 | -7.65% | Buy |
| MAS | Masco | $80.21 | $73.58 | -8.27% | Hold |
| AZEK | AZEK Company | $43.98 | $39.29 | -10.66% | Buy |
| OC | Owens Corning | $165.60 | $136.08 | -17.83% | Hold |
| CARR | Carrier Global | $76.51 | $59.10 | -22.76% | Buy |
| TT | Trane | $364.23 | $240.37 | -34.01% | Buy |
| LII | Lennox | $591.23 | $358.36 | -39.39% | Buy |
| AAON | AAON | $94.12 | $13.83 | -85.31% | - |
CARR Forecast FAQ
Is Carrier Global a good buy?
Yes, according to 16 Wall Street analysts, Carrier Global (CARR) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 12 'Buy' recommendations, accounting for 75.00% of CARR's total ratings.
What is CARR's price target?
Carrier Global (CARR) average price target is $59.1 with a range of $43 to $80, implying a -22.76% from its last price of $76.51. The data is based on 16 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Carrier Global stock go up soon?
According to Wall Street analysts' prediction for CARR stock, the company can go down by -22.76% (from the last price of $76.51 to the average price target of $59.1), up by 4.56% based on the highest stock price target, and down by -43.80% based on the lowest stock price target.
Can Carrier Global stock reach $110?
CARR's average twelve months analyst stock price target of $59.1 does not support the claim that Carrier Global can reach $110 in the near future.
What is Carrier Global's current price target trend?
4 Wall Street analysts forecast a $77 price target for Carrier Global (CARR) this month, up 0.64% from its last price of $76.51. Compared to the last 3 and 12 months, the average price target decreased by -4.01% and decreased by -6.68%, respectively.
What are Carrier Global's analysts' financial forecasts?
Carrier Global's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $25.54B (high $25.92B, low $23.09B), average EBITDA is $3.74B (high $3.79B, low $3.38B), average net income is $2.55B (high $2.6B, low $2.23B), average SG&A $3.75B (high $3.8B, low $3.39B), and average EPS is $2.78 (high $2.84, low $2.44). CARR's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $26.72B (high $27.11B, low $24.15B), average EBITDA is $3.91B (high $3.97B, low $3.54B), average net income is $3.24B (high $3.3B, low $2.84B), average SG&A $3.92B (high $3.98B, low $3.54B), and average EPS is $3.54 (high $3.61, low $3.1).
Did the CARR's actual financial results beat the analysts' financial forecasts?
Based on Carrier Global's last annual report (Dec 2023), the company's revenue was $22.1B, beating the average analysts forecast of $21.99B by 0.48%. Apple's EBITDA was $2.3B, missing the average prediction of $4.47B by -48.61%. The company's net income was $1.44B, missing the average estimation of $3.38B by -57.46%. Apple's SG&A was $3.3B, beating the average forecast of $3.13B by 5.26%. Lastly, the company's EPS was $1.72, missing the average prediction of $2.56 by -32.80%. In terms of the last quarterly report (Dec 2023), Carrier Global's revenue was $5.1B, missing the average analysts' forecast of $5.23B by -2.39%. The company's EBITDA was $607M, missing the average prediction of $765.22M by -20.68%. Carrier Global's net income was $439M, missing the average estimation of $467.04M by -6.00%. The company's SG&A was $961M, beating the average forecast of $766.86M by 25.32%. Lastly, the company's EPS was $0.52, beating the average prediction of $0.51 by 1.91%