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Carrier Global Corp (CARR) Stock Forecast & Price Prediction

Live CARR Stock Price & Analysis

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$65.13

+1.46 (2.29%)

12 Month Price Forecast For CARR

$65.13
Current Price
$56.55B
Market Cap
24 Ratings
Buy 12
Hold 11
Sell 1
Wall St Analyst Ratings

Distance to CARR Price Forecasts

+45.9%
To High Target of $95.00
+19.8%
To Median Target of $78.00
-18.6%
To Low Target of $53.00

CARR Price Momentum

+1.5%
1 Week Change
-5.3%
1 Month Change
+16.2%
1 Year Change
-4.6%
Year-to-Date Change
-21.8%
From 52W High of $83.32
+22.6%
From 52W Low of $53.13

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Disclaimer: The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.

Data last updated: February 15, 2025 12:01 PM UTC

CARR Analyst Ratings & Price Targets

Based on our analysis of 25 Wall Street analysts, CARR has a neutral consensus with a median price target of $78.00 (ranging from $53.00 to $95.00). The overall analyst rating is Buy (7.7/10). Currently trading at $65.13, the median forecast implies a 19.8% upside. This outlook is supported by 12 Buy, 11 Hold, and 1 Sell ratings.

Conversely, the most conservative target is provided by Stephen Tusa at JP Morgan, suggesting a 18.6% downside.

Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.

CARR Analyst Consensus

12
Buy
11
Hold
1
Sell

CARR Price Target Range

Low
$53.00
Average
$78.00
High
$95.00
Current: $65.13

Latest CARR Stock Forecasts by Analyst

These are the latest 20 analyst ratings and price targets for CARR.

Date Firm Analyst Rating Change Price Target
Feb 12, 2025 Wells Fargo Joe O'Dea Equal-Weight Maintains $70.00
Feb 12, 2025 Barclays Julian Mitchell Overweight Maintains $87.00
Feb 12, 2025 RBC Capital Deane Dray Outperform Maintains $76.00
Jan 15, 2025 JP Morgan Stephen Tusa Neutral Maintains $77.00
Jan 13, 2025 Citigroup Andrew Kaplowitz Buy Maintains $90.00
Jan 8, 2025 Barclays Julian Mitchell Overweight Maintains $90.00
Jan 7, 2025 Wells Fargo Equal-Weight Maintains $0.00
Jan 3, 2025 RBC Capital Outperform Maintains $0.00
Dec 5, 2024 Barclays Julian Mitchell Overweight Maintains $92.00
Nov 13, 2024 UBS Amit Mehrotra Buy Upgrade $94.00
Oct 28, 2024 Stephens & Co. Tommy Moll Equal-Weight Maintains $80.00
Oct 25, 2024 RBC Capital Deane Dray Outperform Maintains $87.00
Oct 25, 2024 Wells Fargo Joe O'Dea Equal-Weight Maintains $76.00
Oct 25, 2024 Baird Timothy Wojs Outperform Maintains $86.00
Oct 25, 2024 Barclays Julian Mitchell Overweight Maintains $89.00
Oct 18, 2024 B of A Securities Andrew Obin Neutral Maintains $90.00
Oct 17, 2024 Mizuho Brett Linzey Neutral Maintains $78.00
Oct 16, 2024 Stephens & Co. Tommy Moll Equal-Weight Downgrade $85.00
Oct 10, 2024 JP Morgan Stephen Tusa Neutral Reinstates $83.00
Oct 7, 2024 Wells Fargo Joe O'Dea Equal-Weight Maintains $82.00

Stocks Similar to Carrier Global Corp

The following stocks are similar to Carrier based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.

Carrier Global Corp (CARR) Financial Data

Carrier Global Corp has a market capitalization of $56.55B with a P/E ratio of 53.4x. The company generates $22.49B in trailing twelve-month revenue with a 24.9% profit margin.

Revenue growth is +19.3% quarter-over-quarter, while maintaining an operating margin of +6.5% and return on equity of +10.4%.

Valuation Metrics

Market Cap $56.55B
Enterprise Value $65.74B
P/E Ratio 53.4x
PEG Ratio 21.4x
Price/Sales 2.5x

Growth & Margins

Revenue Growth (YoY) +19.3%
Gross Margin +26.1%
Operating Margin +6.5%
Net Margin +24.9%
EPS Growth +507.4%

Financial Health

Cash/Price Ratio +7.0%
Current Ratio 1.3x
Debt/Equity 89.2x
ROE +10.4%
ROA +4.0%

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Carrier Global Corp logo

Carrier Global Corp (CARR) Company Overview

About Carrier Global Corp

What They Do

Provides HVAC, refrigeration, fire, and security technologies.

Business Model

Carrier Global Corporation operates through three segments: HVAC, Refrigeration, and Fire & Security. It generates revenue by selling a wide range of products, controls, and services for residential and commercial applications, as well as offering aftermarket maintenance and digital solutions tailored to various industries.

Additional Information

Founded in 2019 and headquartered in Palm Beach Gardens, Florida, Carrier offers products under various well-known brands and operates internationally across the United States, Europe, and the Asia Pacific. The company's diverse portfolio positions it well in the growing markets of building automation and energy efficiency.

Company Information

Sector

Industrials

Industry

Building Products & Equipment

Employees

53,000

CEO

Mr. David L. Gitlin

Country

United States

IPO Year

2020

Carrier Global Corp (CARR) Latest News & Analysis

CARR stock latest news image
Quick Summary

Carrier Global Corporation will host its Q4 2024 Earnings Conference Call on February 11, 2025, at 7:30 AM ET, featuring key executives and analysts from major financial institutions.

Why It Matters

The earnings call provides insights into Carrier's financial performance and future outlook, influencing stock valuation and investment decisions based on management's commentary and analyst questions.

Source: Seeking Alpha
Market Sentiment: Neutral
CARR stock latest news image
Quick Summary

Carrier Global Corporation reported Q4 2024 sales of $5.1 billion (up 19%) and adjusted EPS of $0.54 (up 50%). Full-year sales totaled $22.5 billion, with adjusted EPS of $2.56 (up 16%).

Why It Matters

Strong sales growth and significant EPS increases indicate Carrier Global's robust performance, suggesting potential for future profitability and shareholder returns, which could attract investor interest.

Source: PRNewsWire
Market Sentiment: Neutral
CARR stock latest news image
Quick Summary

Carrier Global (CARR) reported its quarterly performance for Q4 2024, with results to be compared against Wall Street estimates and the previous year's figures.

Why It Matters

Comparing Carrier Global's quarterly performance to estimates and prior year results helps assess growth potential and market positioning, impacting stock valuation and investment decisions.

Source: Zacks Investment Research
Market Sentiment: Positive
CARR stock latest news image
Quick Summary

CARR's Q4 2024 results show strong performance in the HVAC segment, indicating positive growth and potential for investors in this sector.

Why It Matters

Strength in CARR's HVAC segment indicates robust demand and potential revenue growth, positively influencing stock performance and investor confidence.

Source: Zacks Investment Research
Market Sentiment: Positive
CARR stock latest news image
Quick Summary

Carrier Global has transformed into a focused HVAC and transport refrigeration company, reporting 5% sales growth and expanding margins. It is recommended as a Buy due to lower valuation and strong growth drivers.

Why It Matters

Carrier Global's focused transformation and strong growth metrics, along with a lower valuation compared to peers, suggest potential for significant investment upside. Key growth drivers enhance its market position.

Source: Seeking Alpha
Market Sentiment: Positive
CARR stock latest news image
Quick Summary

Carrier Global (CARR) is expected to report its performance for Q4 2024, with analysts advised to focus on key metrics beyond traditional revenue and profit estimates for deeper insights.

Why It Matters

Analyzing Carrier Global's key metrics beyond standard estimates can reveal growth potential, operational efficiency, and market trends, influencing investment decisions and stock valuation.

Source: Zacks Investment Research
Market Sentiment: Neutral

Frequently Asked Questions About CARR Stock

What is Carrier Global Corp's (CARR) stock forecast for 2025?

Based on our analysis of 25 Wall Street analysts, Carrier Global Corp (CARR) has a median price target of $78.00. The highest price target is $95.00 and the lowest is $53.00.

Is CARR stock a good investment in 2025?

According to current analyst ratings, CARR has 12 Buy ratings, 11 Hold ratings, and 1 Sell ratings. The stock is currently trading at $65.13. Always conduct your own research and consider your investment goals before making investment decisions.

What is the price prediction for CARR stock?

Wall Street analysts predict CARR stock could reach $78.00 in the next 12 months. This represents a 19.8% increase from the current price of $65.13. Please note that this is a projection by Wall Street analysts and not a guarantee.

What is Carrier Global Corp's business model?

Carrier Global Corporation operates through three segments: HVAC, Refrigeration, and Fire & Security. It generates revenue by selling a wide range of products, controls, and services for residential and commercial applications, as well as offering aftermarket maintenance and digital solutions tailored to various industries.

What is the highest forecasted price for CARR Carrier Global Corp?

The highest price target for CARR is $95.00 from at , which represents a 45.9% increase from the current price of $65.13.

What is the lowest forecasted price for CARR Carrier Global Corp?

The lowest price target for CARR is $53.00 from Stephen Tusa at JP Morgan, which represents a -18.6% decrease from the current price of $65.13.

What is the overall CARR consensus from analysts for Carrier Global Corp?

The overall analyst consensus for CARR is neutral. Out of 25 Wall Street analysts, 12 rate it as Buy, 11 as Hold, and 1 as Sell, with a median price target of $78.00.

How accurate are CARR stock price projections?

Stock price projections, including those for Carrier Global Corp, are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.