RBC Capital Cuts Carrier Global (CARR) Price Target to $72
RBC Capital has reaffirmed its Outperform rating on Carrier Global, adjusting the price target to $72 from $82, a 30.75% upside from the current price.
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RBC Capital cut its price target on Carrier Global Corporation ($CARR) to $72 from $82 on October 14, 2026, and rates the stock "Outperform".
Since the rating, $CARR is up 1.4% to date (from the $54.24 close on Oct 14, 2026).
CARR
Carrier Global Corporation
Key Points
- On October 14, 2026, RBC Capital reiterated its Outperform rating on Carrier Global Corporation, lowering the price target from $82 to $72.
- RBC Capital's $72 price target implies 30.75% upside from Carrier Global Corporation's ($CARR) current $55.06 share price.
- As of October 16, 2026, Carrier's stock was trading recently around $55.06, which is about 25% below the new analyst target price.
- The company has a market cap of approximately $45.3 billion and is expected to report earnings on October 29, 2026.
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RBC Capital has reiterated its Outperform rating on Carrier Global Corporation (NYSE: CARR) and adjusted its price target from $82 to $72 on October 14, 2026. This change reflects RBC's updated outlook for the company in the current market environment.
RBC Capital vs. the S&P 500
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Other Institutional Activity in Carrier Global Corporation
In recent filings, several institutional investors have adjusted their positions in Carrier. Capital Research Global Investors reduced its holdings by 10,323,709 shares, ending with 106,065,347 shares worth about $5.83 billion. Blackrock Inc. grew its stake by 9,295,620 shares, bringing its total to 67,176,195 shares valued at approximately $3.69 billion. Meanwhile, Vanguard Capital Management LLC slightly decreased its holdings by 61,615 shares, holding 51,284,274 shares worth about $2.82 billion. Additionally, Vanguard Portfolio Management LLC added 54,767 shares, bringing its total to 36,565,910 shares valued at approximately $2.01 billion. JPMorgan Chase & Co. trimmed its position by 468,410 shares, ending with 34,487,524 shares worth about $1.90 billion.
Carrier Global Corporation Stock Up 1.5%
Carrier's stock was recently trading around $55.06 as of October 16, 2026. This price is about 5.2% below its 50-day moving average of $58.08 and 10.8% below its 200-day average of $61.71. The stock is also 28.3% below its 52-week high of $76.76 but remains 9.6% above its 52-week low of $50.24. The current price is 25% lower than the analyst's mean target price of $73.44.
$CARR price target
Carrier Global Corporation daily closes and this analyst's $72 target. Not advice.
Recent Earnings
Carrier Global reported trailing twelve-month revenue of approximately $22.1 billion and earnings per share (EPS) of $1.38. The company has a net margin of 5.5% and a return on equity (ROE) of 9.0%. The next earnings report is scheduled for October 29, 2026, which could provide further insights into its financial health.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
5 analysts raised price targets.
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EPS & revenue
EPS beat estimates by 9.8%. Revenue beat estimates by 4.6%.
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Profit surprise
EBITDA missed by 25 percent. Operating income missed by 48 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
5 target raises.
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Earnings quality
Gross margin down 4.4 points. Operating margin down 6.3 points. Positive free cash flow.
Earnings Call Summary
Carrier delivered a strong first quarter with 5.3 billion in sales and 0.57 earnings per share, beating expectations. Orders surged 11 percent overall with commercial up 35 percent and data center orders up more than 500 percent. The team expects data center sales this year to hit 1.5 billion dollars, with their backlog already covering that target. Residential improved better than expected with dealer inventory down 35 percent and healthy field levels, though macro uncertainty with high mortgage rates and fuel prices remains a concern. They are pushing pricing to offset tariff and input cost pressures and remain confident in delivering their sixth consecutive year of double-digit aftermarket growth.
Guidance Carrier reaffirmed its full year sales target of about 22 billion dollars with flat to low single-digit growth. They expect to offset new tariff and input cost pressures through supply chain actions, cost cuts, and about 2 percent more pricing through the year. Data center sales are on track for 1.5 billion dollars.
Slightly positive report. The quarter was acceptable, but the forward setup is not strong.
Insider Buying and Selling at Carrier Global Corporation
In insider trading, Kyle Crockett, an Officer, sold 18,945 shares at an average price of $65.18, totaling about $1.23 million on February 14, 2025. Director Maximilian Viessmann sold 4,267,425 shares at $70.30, valued at nearly $300 million on June 5, 2025. CEO David L. Gitlin bought 19,300 shares at $52.62, worth about $1.02 million on November 25, 2025. Viessmann also sold another 12,094,823 shares at $62.01, totaling approximately $750 million on May 20, 2026.
Analysts Set New Price Targets
On October 14, 2026, RBC Capital maintained its Outperform rating for Carrier Global with a new price target of $72, down from $82. Earlier, Goldman Sachs downgraded its rating to Neutral with a target of $61, down from $74, on the same day. Other analysts, such as Wells Fargo, initiated coverage with an Overweight rating and a target of $67, while Goldman Sachs maintained a Buy rating with a target of $74. The consensus recommendation for Carrier among analysts is a buy, with a mean price target of $73.44 from 23 analyst opinions.
About Carrier Global Corporation
Carrier Global Corporation provides intelligent climate and energy solutions across various regions, including the U.S., Europe, and Asia. The company operates through four segments, focusing on climate solutions for different markets. This reiteration of RBC's rating indicates continued confidence in Carrier's ability to perform well in the industrial sector.
Bottom Line
Investors should keep an eye on Carrier's upcoming earnings report on October 29, 2026, for insights into its financial performance. The recent adjustments in analyst ratings and price targets highlight the mixed sentiment surrounding the stock, as it trades below key moving averages and its analyst target price.
Related Filing Alerts
Source: RBC Capital's rating change on $CARR (Oct 14, 2026). Written by software, not financial advice. How we make alerts