Based on the analysis of news sentiment and technical indicators, the predicted stock price for Carrier Global (CARR) for the next trading week is $70.00.
Recommendation: Buy
This prediction is supported by the recent upgrade from J.P. Morgan to Overweight with a price target of $78, indicating undervaluation compared to HVAC peers, and positive technical indicators suggesting a bullish trend.
The price of CARR is predicted to go up 16.16%, based on the high correlation periods with FBK. The similarity of these two price pattern on the periods is 95.35%.
CARR
FBK
After separating from United Technologies, Carrier is in full control of its destiny. Organic reinvestment should boost its long-term growth prospects, and cost-cutting initiatives should result in stronger profit margins.
The company has significant franchise value with leading brands across its product portfolio. The flagship Carrier brand has demonstrable pricing power.
In the wake of the coronavirus, air filtration, air-quality assessment, cold-chain solutions, and touchless access control solutions should become larger market opportunities.
JP Morgan
2025-03-05
Price Target
$77 → $78
Upside
+20.3%
Wolfe Research
2025-02-24
Price Target
$80
Upside
+20.25%
Barclays
2025-02-12
Price Target
$90 → $87
Upside
+36.79%