Carrier Global (CARR) Stock Forecast, Price Target & Predictions


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CARR Stock Forecast


Carrier Global stock forecast is as follows: an average price target of $66.05 (represents a -8.77% downside from CARR’s last price of $72.40) and a rating consensus of 'Buy', based on 14 wall street analysts offering a 1-year stock forecast.

CARR Price Target


The average price target for Carrier Global (CARR) is $66.05 based on 1-year price targets from 14 Wall Street analysts in the past 3 months, with a price target range of $95.00 to $43.00. This represents a potential -8.77% downside from CARR's last price of $72.40.

CARR Analyst Ratings


Buy

According to 14 Wall Street analysts, Carrier Global's rating consensus is 'Buy'. The analyst rating breakdown for CARR stock is 0 'Strong Buy' (0.00%), 9 'Buy' (64.29%), 5 'Hold' (35.71%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Carrier Global Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 28, 2024Brett LinzeyMizuho Securities$78.00$75.433.41%7.73%
Oct 16, 2024Tommy MollStephens$85.00$81.614.15%17.40%
Oct 14, 2024Timothy WojsRobert W. Baird$88.00$81.617.83%21.55%
Oct 08, 2024Stephen VolkmannJefferies$95.00$80.4218.13%31.22%
Oct 02, 2024Julian MitchellBarclays$90.00$79.3513.42%24.31%
Sep 13, 2024Andrew ObinBank of America Securities$80.00$75.376.14%10.50%
Sep 13, 2024Timothy WojsRobert W. Baird$74.00$75.37-1.82%2.21%
Sep 06, 2024Christopher SnyderMorgan Stanley$75.00$69.048.63%3.59%
Sep 05, 2024Deane DrayRBC Capital$79.00$69.5513.59%9.12%
Jul 29, 2024Andrew ObinBank of America Securities$72.00$66.777.83%-0.55%
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The latest Carrier Global stock forecast, released on Oct 28, 2024 by Brett Linzey from Mizuho Securities, set a price target of $78.00, which represents a 3.41% increase from the stock price at the time of the forecast ($75.43), and a 7.73% increase from CARR last price ($72.40).

Carrier Global Price Target by Period


1M3M12M
# Anlaysts4914
Avg Price Target$86.50$82.67$78.36
Last Closing Price$72.40$72.40$72.40
Upside/Downside19.48%14.19%8.23%

In the current month, the average price target of Carrier Global stock is $86.50, according to 4 Wall Street analysts offering twelve months forecast. The average price target represents a 19.48% increase as opposed to Carrier Global's last price of $72.40. This month's average price target is up 4.63% compared to last quarter, and up 10.39% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Oct 18, 2024StephensUnderperformUnderperformHold
Oct 16, 2024StephensOverweightEqual-WeightDowngrade
Oct 08, 2024JefferiesBuyBuyHold
Oct 02, 2024Wells FargoEqual-WeightEqual-WeightHold
Oct 02, 2024RBC CapitalUnderperformUnderperformHold
Oct 02, 2024BarclaysOverweightOverweightHold
Sep 06, 2024Morgan StanleyEqual-WeightPositiveInitialise
Sep 06, 2024Wolfe Research-Peer PerformUpgrade
Sep 05, 2024RBC CapitalOutperformOutperformHold
Aug 16, 2024RBC CapitalBuyBuyHold
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Carrier Global's last stock rating was published by Stephens on Oct 18, 2024. The company gave CARR a "Underperform" rating, the same as its previous rate.

Carrier Global Financial Forecast


Carrier Global Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20
Revenue------------$5.10B-$5.99B$5.27B$5.11B$5.45B$5.21B$4.65B$5.13B$5.34B$5.44B$4.70B$4.59B$5.00B$3.97B$3.89B
Avg Forecast$6.06B$6.46B$6.36B$5.76B$5.67B$6.12B$6.03B$5.46B$5.43B$6.59B$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$6.48B$6.91B$6.80B$6.16B$6.06B$6.55B$6.44B$5.53B$5.97B$6.61B$7.05B$6.34B$5.31B$5.99B$6.23B$5.40B$5.46B$5.44B$5.17B$4.54B$4.82B$5.38B$4.96B$4.37B$4.51B$4.35B$3.75B$3.78B
Low Forecast$5.86B$6.24B$6.14B$5.57B$5.47B$5.92B$5.82B$5.39B$5.16B$6.57B$7.05B$6.34B$5.14B$5.78B$5.63B$4.88B$4.94B$5.44B$5.17B$4.54B$4.82B$5.38B$4.96B$4.37B$4.51B$4.35B$3.75B$3.78B
# Analysts444433351153361689127781388913889
Surprise %------------0.98%-1.03%1.04%1.00%1.00%1.01%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 $6.34B, and a high forecast of $6.34B. 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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20
# Analysts444433351153361689127781388913889
EBITDA------------$607.00M-$489.00M$654.00M$425.00M$1.64B$901.00M$1.85B$556.00M$916.00M$881.00M$667.00M$1.35B$1.17B$530.00M$408.00M
Avg Forecast$887.38M$946.14M$931.10M$843.37M$829.37M$896.58M$882.15M$798.76M$794.52M$964.76M$1.03B$2.19B$765.22M$861.86M$852.96M$1.99B$515.03M$797.08M$756.37M$1.57B$706.03M$787.31M$725.64M$468.70M$660.28M$636.42M$548.30M$383.27M
High Forecast$948.54M$1.01B$995.27M$901.49M$886.53M$958.37M$942.94M$809.08M$874.42M$967.37M$1.03B$2.62B$776.88M$877.51M$911.74M$2.38B$618.04M$797.08M$756.37M$1.89B$706.03M$787.31M$725.64M$562.44M$660.28M$636.42M$548.30M$459.93M
Low Forecast$857.33M$914.09M$899.57M$814.80M$801.28M$866.21M$852.27M$788.45M$756.05M$962.15M$1.03B$1.75B$752.10M$846.14M$824.07M$1.59B$412.03M$797.08M$756.37M$1.26B$706.03M$787.31M$725.64M$374.96M$660.28M$636.42M$548.30M$306.62M
Surprise %------------0.79%-0.57%0.33%0.83%2.06%1.19%1.18%0.79%1.16%1.21%1.42%2.05%1.84%0.97%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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20
# Analysts444433351153361689127781388913889
Net Income------------$439.00M-$611.00M$373.00M$270.00M$1.31B$573.00M$1.38B$332.00M$469.00M$487.00M$384.00M$884.00M$741.00M$261.00M$96.00M
Avg Forecast$651.98M$927.61M$925.20M$653.01M$579.40M$834.76M$807.78M$561.85M$460.43M$738.14M$773.68M$1.63B$466.58M$727.60M$704.32M$1.48B$300.13M$598.76M$563.60M$1.17B$353.06M$601.14M$508.01M$269.84M$329.64M$427.15M$227.28M$90.18M
High Forecast$710.39M$1.01B$1.01B$711.51M$631.31M$909.55M$880.16M$599.95M$506.47M$740.32M$773.73M$1.96B$494.03M$764.44M$767.42M$1.78B$360.15M$598.76M$563.60M$1.41B$353.06M$601.14M$508.01M$323.81M$329.64M$427.15M$227.28M$108.22M
Low Forecast$623.27M$886.77M$884.46M$624.26M$553.89M$798.01M$772.21M$533.29M$432.80M$735.96M$773.64M$1.31B$439.13M$690.76M$673.31M$1.19B$240.10M$598.76M$563.60M$938.89M$353.06M$601.14M$508.01M$215.87M$329.64M$427.15M$227.28M$72.15M
Surprise %------------0.94%-0.87%0.25%0.90%2.19%1.02%1.18%0.94%0.78%0.96%1.42%2.68%1.73%1.15%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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20
# Analysts444433351153361689127781388913889
SG&A------------$961.00M-$784.00M$721.00M$673.00M$624.00M$614.00M$601.00M$816.00M$748.00M$813.00M$743.00M$810.00M$681.00M$637.00M$738.00M
Avg Forecast$889.28M$948.17M$933.10M$845.17M$831.15M$898.50M$884.04M$800.47M$796.23M$966.83M$1.03B$711.74M$766.86M$863.71M$854.78M$647.03M$755.87M$798.78M$757.99M$511.49M$707.55M$789.00M$727.20M$522.11M$661.70M$637.79M$549.47M$693.27M
High Forecast$950.57M$1.01B$997.40M$903.42M$888.43M$960.42M$944.96M$810.81M$876.29M$969.45M$1.03B$854.08M$778.55M$879.39M$913.69M$776.44M$907.05M$798.78M$757.99M$613.79M$707.55M$789.00M$727.20M$626.53M$661.70M$637.79M$549.47M$831.93M
Low Forecast$859.16M$916.05M$901.49M$816.55M$803.00M$868.07M$854.10M$790.14M$757.67M$964.21M$1.03B$569.39M$753.72M$847.96M$825.83M$517.63M$604.70M$798.78M$757.99M$409.19M$707.55M$789.00M$727.20M$417.69M$661.70M$637.79M$549.47M$554.62M
Surprise %------------1.25%-0.92%1.11%0.89%0.78%0.81%1.18%1.15%0.95%1.12%1.42%1.22%1.07%1.16%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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20
# Analysts444433351153361689127781388913889
EPS------------$0.52-$0.73$0.45$0.32$1.56$0.68$1.62$0.38$0.54$0.56$0.44$1.02$0.86$0.30$0.11
Avg Forecast$0.71$1.01$1.01$0.71$0.63$0.91$0.88$0.61$0.50$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$0.78$1.11$1.10$0.78$0.69$0.99$0.96$0.66$0.55$0.81$0.85$0.50$0.54$0.84$0.84$0.53$0.44$0.65$0.62$0.47$0.39$0.66$0.56$0.37$0.36$0.47$0.25$0.33
Low Forecast$0.68$0.97$0.97$0.68$0.61$0.87$0.84$0.58$0.47$0.80$0.85$0.50$0.48$0.76$0.74$0.46$0.38$0.65$0.62$0.47$0.39$0.66$0.56$0.37$0.36$0.47$0.25$0.33
Surprise %------------1.02%-0.95%0.93%0.80%2.38%1.10%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 $0.50 and a high estimate of $0.50. This represents a -3.20% decrease compared to CARR previous annual EPS of $0.52 (Dec 23).

Carrier Global Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
JELDJELD-WEN$14.13$16.5617.20%Hold
TREXTrex Company$70.54$79.7913.11%Buy
CSLCarlisle Companies$425.18$479.0012.66%Buy
FBINFortune Brands Innovations$84.12$88.144.78%Hold
JCIJohnson Controls$74.23$72.56-2.25%Buy
MASMasco$80.79$77.83-3.66%Hold
CARRCarrier Global$72.40$66.05-8.77%Buy
LPXLouisiana-Pacific$101.14$90.43-10.59%Hold
AZEKAZEK Company$44.44$39.29-11.59%Buy
OCOwens Corning$179.40$136.08-24.15%Hold
TTTrane$376.99$264.25-29.91%Buy
LIILennox$604.66$418.57-30.78%Buy
AAONAAON$112.46$71.91-36.06%-

CARR Forecast FAQ


Yes, according to 14 Wall Street analysts, Carrier Global (CARR) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 9 'Buy' recommendations, accounting for 64.29% of CARR's total ratings.

Carrier Global (CARR) average price target is $66.05 with a range of $43 to $95, implying a -8.77% from its last price of $72.4. The data is based on 14 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for CARR stock, the company can go down by -8.77% (from the last price of $72.4 to the average price target of $66.05), up by 31.22% based on the highest stock price target, and down by -40.61% based on the lowest stock price target.

CARR's average twelve months analyst stock price target of $66.05 does not support the claim that Carrier Global can reach $110 in the near future.

4 Wall Street analysts forecast a $86.5 price target for Carrier Global (CARR) this month, up 19.48% from its last price of $72.4. Compared to the last 3 and 12 months, the average price target increased by 14.19% and increased by 8.23%, respectively.

Carrier Global's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $23.27B (high $24.57B, low $22.6B), average EBITDA is $3.41B (high $3.6B, low $3.31B), average net income is $2.78B (high $3.02B, low $2.66B), average SG&A $3.41B (high $3.6B, low $3.32B), and average EPS is $3.04 (high $3.3, low $2.91). CARR's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $24.65B (high $26.34B, low $23.81B), average EBITDA is $3.61B (high $3.86B, low $3.49B), average net income is $3.16B (high $3.44B, low $3.02B), average SG&A $3.62B (high $3.86B, low $3.49B), and average EPS is $3.45 (high $3.76, low $3.3).

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 -57.44%. 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 $466.58M by -5.91%. 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%