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

OverviewRevenueOwnershipFinancialsChartTranscripts

CARR Stock Forecast

Carrier Global stock forecast is as follows: an average price target of $80.50 (represents a 16.92% upside from CARR’s last price of $68.85) 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 $80.50 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 $65.00. This represents a potential 16.92% upside from CARR's last price of $68.85.

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%13.29%
Oct 16, 2024Tommy MollStephens$85.00$81.614.15%23.46%
Oct 14, 2024Timothy WojsRobert W. Baird$88.00$81.617.83%27.81%
Oct 08, 2024Stephen VolkmannJefferies$95.00$80.4218.13%37.98%
Oct 02, 2024Julian MitchellBarclays$90.00$79.3513.42%30.72%
Sep 13, 2024Andrew ObinBank of America Securities$80.00$75.376.14%16.19%
Sep 13, 2024Timothy WojsRobert W. Baird$74.00$75.37-1.82%7.48%
Sep 06, 2024Christopher SnyderMorgan Stanley$75.00$69.048.63%8.93%
Sep 05, 2024Deane DrayRBC Capital$79.00$69.5513.59%14.74%
Jul 29, 2024Andrew ObinBank of America Securities$72.00$66.777.83%4.58%
Jul 26, 2024Noah KayeOppenheimer$70.00$64.837.97%1.67%
Jul 25, 2024Stewart GlickmanCFRA$65.00$64.840.25%-5.59%
Jul 15, 2024Carrier Global to OutperformRobert W. Baird$75.00$66.0013.64%8.93%
Jun 27, 2024Noah KayeOppenheimer$71.00$63.4011.99%3.12%
Oct 06, 2023Stephen TusaJ.P. Morgan$53.00$54.42-2.61%-23.02%
Jan 06, 2023Morgan Stanley$47.00$42.739.99%-31.74%
Dec 15, 2022Goldman Sachs$53.00$42.5224.66%-23.02%
Dec 09, 2022Citigroup$45.00$43.024.60%-34.64%
Dec 05, 2022Deutsche Bank$46.00$43.904.78%-33.19%
Jul 26, 2022Stephen VolkmannJefferies$47.00$38.1623.17%-31.74%
Apr 29, 2022Credit Suisse$45.00$39.1814.84%-34.64%
Apr 29, 2022Wells Fargo$43.00$39.419.11%-37.55%
Apr 29, 2022RBC Capital$52.00$39.2732.42%-24.47%
Apr 05, 2022Julian MitchellBarclays$60.00$44.5434.71%-12.85%
Feb 09, 2022Joseph O'DeaWells Fargo$50.00$47.984.21%-27.38%
Feb 09, 2022John WalshCredit Suisse$52.00$47.988.38%-24.47%
Feb 09, 2022Brett LinzeyMizuho Securities$50.00$47.984.21%-27.38%
Feb 09, 2022Vlad BystrickyCitigroup$55.00$47.9814.63%-20.12%
Jan 24, 2022Stephen VolkmannJefferies$65.00$47.6636.38%-5.59%
Jan 03, 2022Jeffrey SpragueVertical Research$57.00$52.528.53%-17.21%
Dec 14, 2021Markus MittermaierUBS$61.00$53.4014.23%-11.40%
Sep 10, 2021Joe RitchieGoldman Sachs$66.00$56.1417.56%-4.14%
Sep 07, 2021Nigel CoeWolfe Research$61.00$55.939.06%-11.40%
Jul 30, 2021Jeffrey HammondKeyBanc$60.00$54.979.15%-12.85%
Jul 29, 2021Gautam KhannaCowen & Co.$58.00$53.668.09%-15.76%
Apr 19, 2021Andrew ObinBank of America Securities$57.00$43.4131.31%-17.21%

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 13.29% increase from CARR last price ($68.85).

Carrier Global Price Target by Period

1M3M12M
# Anlaysts-514
Avg Price Target-$87.20$78.36
Last Closing Price$68.85$68.85$68.85
Upside/Downside-100.00%26.65%13.81%

In the current month, the average price target of Carrier Global stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Carrier Global's last price of $68.85. This month's average price target is down -100.00% compared to last quarter, and down -100.00% 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 ResearchPeer PerformUpgrade
Sep 05, 2024RBC CapitalOutperformOutperformHold
Aug 16, 2024RBC CapitalBuyBuyHold
Jul 29, 2024Bank of America SecuritiesUnderperformNeutralUpgrade
Jul 26, 2024OppenheimerOutperformOutperformHold
Jul 25, 2024CFRAHoldHoldHold
Jul 15, 2024Wells FargoBuyBuyHold
Jun 27, 2024OppenheimerOutperformOutperformHold
Jun 24, 2024CitigroupNeutralBuyUpgrade
Jun 14, 2024Wells FargoBuyBuyHold
Jun 14, 2024OppenheimerUnderperformUnderperformHold
Jun 14, 2024BarclaysOverweightOverweightHold
Apr 26, 2024BarclaysOverweightOverweightHold
Apr 18, 2024Wells FargoEqual-WeightEqual-WeightHold
Apr 18, 2024RBC CapitalUnderperformUnderperformHold
Apr 08, 2024CitigroupNeutralNeutralHold
Apr 05, 2024Cowen & Co.BuyBuyHold
Apr 04, 2024RBC CapitalOutperformOutperformHold
Apr 02, 2024BarclaysOverweightOverweightHold
Feb 07, 2024Wells FargoEqual-WeightEqual-WeightHold
Feb 07, 2024RBC CapitalUnderperformUnderperformHold
Oct 05, 2023Bank of America SecuritiesUnderperformDowngrade
Jun 08, 2023Morgan StanleyOverweightEqual-WeightDowngrade
Feb 08, 2023StephensOverweightOverweightHold
Jan 13, 2023Mizuho SecuritiesBuyUpgrade
Jan 06, 2023Morgan StanleyOverweightOverweightHold
Jan 05, 2023Wells FargoEqual-WeightEqual-WeightHold
Dec 15, 2022Goldman SachsBuyBuyHold
Dec 09, 2022CitigroupNeutralNeutralHold
Dec 05, 2022Deutsche BankHoldHoldHold
Jul 26, 2022JefferiesBuyBuyHold
Apr 29, 2022Credit SuisseNeutralNeutralHold
Apr 29, 2022Wells FargoEqual-WeightEqual-WeightHold
Apr 29, 2022RBC CapitalOutperformOutperformHold
Apr 26, 2022OTR GlobalPositiveUpgrade
Apr 05, 2022BarclaysOverweightOverweightHold
Feb 23, 2022Deutsche BankHoldHoldHold
Apr 10, 2021BarclaysOverweightOverweightHold
Apr 03, 2021RBC CapitalSector OutperformUpgrade

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$6.03B$6.42B$6.33B$5.70B$5.63B$6.10B$6.00B$5.43B$5.27B$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$6.35B$6.76B$6.66B$6.00B$5.92B$6.42B$6.31B$5.51B$5.80B$6.61B$7.05B$6.34B$5.31B$5.99B$6.13B$5.32B$5.38B$5.44B$5.17B$4.54B$4.82B$5.38B$4.96B$4.37B$4.51B$4.35B$3.75B$3.78B
Low Forecast$5.38B$5.72B$5.64B$5.08B$5.02B$5.44B$5.35B$5.37B$5.02B$6.57B$7.05B$6.34B$5.14B$5.78B$5.19B$4.50B$4.56B$5.44B$5.17B$4.54B$4.82B$5.38B$4.96B$4.37B$4.51B$4.35B$3.75B$3.78B
# Analysts333344461153361689127781388913889
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
# Analysts333344461153361689127781388913889
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$864.46M$920.17M$906.84M$816.65M$806.28M$873.91M$859.68M$778.00M$755.47M$944.25M$1.01B$2.19B$748.95M$843.54M$834.82M$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$909.70M$968.32M$954.29M$859.38M$848.47M$919.64M$904.66M$789.51M$831.44M$946.81M$1.01B$2.62B$760.37M$858.86M$878.51M$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$770.55M$820.20M$808.32M$727.93M$718.68M$778.97M$766.28M$769.37M$718.89M$941.70M$1.01B$1.75B$736.11M$828.16M$744.13M$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 %------------0.81%-0.59%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
# Analysts333344461153361689127781388913889
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$647.01M$922.85M$919.91M$642.01M$565.38M$835.75M$808.82M$560.22M$448.94M$738.62M$774.19M$1.63B$466.89M$728.07M$704.78M$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$691.03M$985.63M$982.49M$685.68M$603.84M$892.60M$863.84M$598.20M$493.84M$740.80M$774.24M$1.96B$494.36M$764.94M$752.72M$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$555.63M$792.52M$789.99M$551.33M$485.53M$717.72M$694.59M$531.73M$422.01M$736.45M$774.14M$1.31B$439.42M$691.21M$605.25M$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
# Analysts333344461153361689127781388913889
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$885.13M$942.17M$928.52M$836.17M$825.56M$894.80M$880.23M$796.61M$773.54M$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$931.45M$991.47M$977.11M$879.93M$868.75M$941.63M$926.29M$808.39M$851.32M$969.45M$1.03B$854.08M$778.55M$879.39M$899.51M$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$788.97M$839.81M$827.65M$745.33M$735.87M$797.59M$784.61M$787.77M$736.08M$964.21M$1.03B$569.39M$753.72M$847.96M$761.92M$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
# Analysts333344461153361689127781388913889
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$0.70$0.62$0.91$0.88$0.61$0.49$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$0.76$1.08$1.07$0.75$0.66$0.98$0.94$0.65$0.54$0.81$0.85$0.50$0.54$0.84$0.82$0.52$0.43$0.65$0.62$0.47$0.39$0.66$0.56$0.37$0.36$0.47$0.25$0.33
Low Forecast$0.61$0.87$0.86$0.60$0.53$0.78$0.76$0.58$0.46$0.80$0.85$0.50$0.48$0.76$0.66$0.42$0.34$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
FBINFortune Brands Innovations$73.80$94.0027.37%Hold
JELDJELD-WEN$9.88$12.0021.46%Hold
CSLCarlisle Companies$404.63$487.0020.36%Buy
CARRCarrier Global$70.28$80.5014.54%Buy
MASMasco$76.58$86.6713.18%Hold
OCOwens Corning$183.21$200.009.16%Hold
TREXTrex Company$76.81$79.673.72%Buy
TTTrane$391.79$402.602.76%Buy
AAONAAON$128.67$130.001.03%
LIILennox$657.59$622.67-5.31%Buy
LPXLouisiana-Pacific$110.68$101.75-8.07%Hold
AZEKAZEK Company$52.73$48.00-8.97%Buy
JCIJohnson Controls$81.85$74.00-9.59%Buy

CARR Forecast FAQ

Is Carrier Global a good buy?

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.

What is CARR's price target?

Carrier Global (CARR) average price target is $80.5 with a range of $65 to $95, implying a 16.92% from its last price of $68.85. The data is based on 14 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 up by 16.92% (from the last price of $68.85 to the average price target of $80.5), up by 37.98% based on the highest stock price target, and down by -5.59% based on the lowest stock price target.

Can Carrier Global stock reach $100?

CARR's average twelve months analyst stock price target of $80.5 does not support the claim that Carrier Global can reach $100 in the near future.

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 $23.16B (high $24.16B, low $21.17B), average EBITDA is $3.32B (high $3.46B, low $3.03B), average net income is $2.77B (high $2.96B, low $2.43B), average SG&A $3.4B (high $3.55B, low $3.11B), and average EPS is $3.03 (high $3.23, low $2.66). CARR's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $24.48B (high $25.77B, low $21.82B), average EBITDA is $3.51B (high $3.69B, low $3.13B), average net income is $3.13B (high $3.34B, low $2.69B), average SG&A $3.59B (high $3.78B, low $3.2B), and average EPS is $3.42 (high $3.66, low $2.94).

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 $4.41B by -47.99%. The company's net income was $1.44B, missing the average estimation of $3.38B by -57.45%. 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 $748.95M by -18.95%. Carrier Global's net income was $439M, missing the average estimation of $466.89M by -5.97%. 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%