Carrier Global (CARR) Stock Forecast, Price Target & Predictions
CARR Stock Forecast
Carrier Global stock forecast is as follows: an average price target of $66.05 (represents a -11.34% downside from CARR’s last price of $74.50) 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 -11.34% downside from CARR's last price of $74.50.
CARR Analyst Ratings
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
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 28, 2024 | Brett Linzey | Mizuho Securities | $78.00 | $75.43 | 3.41% | 4.70% |
| Oct 16, 2024 | Tommy Moll | Stephens | $85.00 | $81.61 | 4.15% | 14.09% |
| Oct 14, 2024 | Timothy Wojs | Robert W. Baird | $88.00 | $81.61 | 7.83% | 18.12% |
| Oct 08, 2024 | Stephen Volkmann | Jefferies | $95.00 | $80.42 | 18.13% | 27.52% |
| Oct 02, 2024 | Julian Mitchell | Barclays | $90.00 | $79.35 | 13.42% | 20.81% |
| Sep 13, 2024 | Andrew Obin | Bank of America Securities | $80.00 | $75.37 | 6.14% | 7.38% |
| Sep 13, 2024 | Timothy Wojs | Robert W. Baird | $74.00 | $75.37 | -1.82% | -0.67% |
| Sep 06, 2024 | Christopher Snyder | Morgan Stanley | $75.00 | $69.04 | 8.63% | 0.67% |
| Sep 05, 2024 | Deane Dray | RBC Capital | $79.00 | $69.55 | 13.59% | 6.04% |
| Jul 29, 2024 | Andrew Obin | Bank of America Securities | $72.00 | $66.77 | 7.83% | -3.36% |
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 4.70% increase from CARR last price ($74.50).
Carrier Global Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 9 | 14 |
| Avg Price Target | $78.00 | $82.67 | $78.36 |
| Last Closing Price | $74.50 | $74.50 | $74.50 |
| Upside/Downside | 4.70% | 10.97% | 5.18% |
In the current month, the average price target of Carrier Global stock is $78.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 4.70% increase as opposed to Carrier Global's last price of $74.50. This month's average price target is down -5.65% compared to last quarter, and down -0.46% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 18, 2024 | Stephens | Underperform | Underperform | Hold |
| Oct 16, 2024 | Stephens | Overweight | Equal-Weight | Downgrade |
| Oct 08, 2024 | Jefferies | Buy | Buy | Hold |
| Oct 02, 2024 | Wells Fargo | Equal-Weight | Equal-Weight | Hold |
| Oct 02, 2024 | RBC Capital | Underperform | Underperform | Hold |
| Oct 02, 2024 | Barclays | Overweight | Overweight | Hold |
| 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 |
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 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 | Jun 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 | $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 | $5.42B | $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 | $6.44B | $6.87B | $6.76B | $6.12B | $6.02B | $6.51B | $6.40B | $5.53B | $5.96B | $6.61B | $7.05B | $6.34B | $5.31B | $5.99B | $6.19B | $5.37B | $5.43B | $5.44B | $5.17B | $4.54B | $4.82B | $5.38B | $4.96B | $4.37B | $4.51B | $4.35B | $3.75B | $3.78B |
| Low Forecast | $5.49B | $5.85B | $5.76B | $5.21B | $5.13B | $5.54B | $5.45B | $5.39B | $5.16B | $6.57B | $7.05B | $6.34B | $5.14B | $5.78B | $5.27B | $4.57B | $4.62B | $5.44B | $5.17B | $4.54B | $4.82B | $5.38B | $4.96B | $4.37B | $4.51B | $4.35B | $3.75B | $3.78B |
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 6 | 10 | 9 | 3 | 3 | 6 | 16 | 8 | 9 | 12 | 7 | 7 | 8 | 13 | 8 | 8 | 9 | 13 | 8 | 8 | 9 |
| 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 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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 6 | 10 | 9 | 3 | 3 | 6 | 16 | 8 | 9 | 12 | 7 | 7 | 8 | 13 | 8 | 8 | 9 | 13 | 8 | 8 | 9 |
| 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 | $858.81M | $915.67M | $901.12M | $816.21M | $802.67M | $867.71M | $853.74M | $773.04M | $767.58M | $933.70M | $999.44M | $2.19B | $740.58M | $834.11M | $825.49M | $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 | $912.56M | $972.99M | $957.52M | $867.30M | $852.91M | $922.02M | $907.18M | $783.02M | $844.77M | $936.22M | $999.44M | $2.62B | $751.87M | $849.25M | $877.16M | $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 | $777.14M | $828.59M | $815.42M | $738.59M | $726.33M | $785.19M | $772.55M | $763.05M | $730.42M | $931.17M | $999.44M | $1.75B | $727.88M | $818.90M | $746.99M | $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 % | - | - | - | - | - | - | - | - | - | - | - | - | 0.82% | - | 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 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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 6 | 10 | 9 | 3 | 3 | 6 | 16 | 8 | 9 | 12 | 7 | 7 | 8 | 13 | 8 | 8 | 9 | 13 | 8 | 8 | 9 |
| 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 | $652.40M | $928.22M | $925.81M | $653.44M | $578.76M | $834.40M | $808.32M | $563.00M | $457.11M | $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 | $705.49M | $1.00B | $1.00B | $706.61M | $625.86M | $902.29M | $874.09M | $601.17M | $502.82M | $740.80M | $774.24M | $1.96B | $494.36M | $764.94M | $762.13M | $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 | $571.75M | $813.47M | $811.35M | $572.65M | $507.21M | $731.24M | $708.39M | $534.37M | $429.68M | $736.45M | $774.14M | $1.31B | $439.42M | $691.21M | $617.65M | $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 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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 6 | 10 | 9 | 3 | 3 | 6 | 16 | 8 | 9 | 12 | 7 | 7 | 8 | 13 | 8 | 8 | 9 | 13 | 8 | 8 | 9 |
| 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 | $794.82M | $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 | $944.95M | $1.01B | $991.50M | $898.08M | $883.18M | $954.74M | $939.37M | $810.81M | $874.74M | $969.45M | $1.03B | $854.08M | $778.55M | $879.39M | $908.29M | $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 | $804.71M | $858.00M | $844.36M | $764.80M | $752.11M | $813.06M | $799.97M | $790.13M | $756.34M | $964.21M | $1.03B | $569.39M | $753.72M | $847.96M | $773.50M | $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 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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 6 | 10 | 9 | 3 | 3 | 6 | 16 | 8 | 9 | 12 | 7 | 7 | 8 | 13 | 8 | 8 | 9 | 13 | 8 | 8 | 9 |
| 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 | $0.62 | $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 | $0.77 | $1.10 | $1.09 | $0.77 | $0.68 | $0.99 | $0.96 | $0.66 | $0.55 | $0.81 | $0.85 | $0.50 | $0.54 | $0.84 | $0.83 | $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 | $0.62 | $0.89 | $0.89 | $0.63 | $0.55 | $0.80 | $0.77 | $0.58 | $0.47 | $0.80 | $0.85 | $0.50 | $0.48 | $0.76 | $0.68 | $0.42 | $0.35 | $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
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| JELD | JELD-WEN | $10.21 | $15.60 | 52.79% | Hold |
| FBIN | Fortune Brands Innovations | $74.90 | $88.93 | 18.73% | Hold |
| TREX | Trex Company | $68.88 | $79.79 | 15.84% | Buy |
| CSL | Carlisle Companies | $431.73 | $479.00 | 10.95% | Buy |
| MAS | Masco | $77.01 | $77.83 | 1.06% | Hold |
| CARR | Carrier Global | $74.50 | $66.05 | -11.34% | Buy |
| JCI | Johnson Controls | $82.98 | $72.56 | -12.56% | Buy |
| LPX | Louisiana-Pacific | $111.39 | $94.86 | -14.84% | Hold |
| AZEK | AZEK Company | $48.22 | $39.29 | -18.52% | Buy |
| OC | Owens Corning | $194.12 | $136.08 | -29.90% | Hold |
| LII | Lennox | $625.35 | $418.57 | -33.07% | Buy |
| TT | Trane | $411.16 | $264.25 | -35.73% | Buy |
| AAON | AAON | $132.05 | $71.91 | -45.54% | - |