Carrier Global (CARR) Stock Forecast & Price Target

Carrier Global has positioned itself for future growth and financial stability through strategic acquisitions, such as Viessmann Climate Solutions, which expands its presence in the European market for heat pumps and boilers. The company anticipates that 40% of its portfolio, particularly in aftermarket and commercial HVAC, will achieve double-digit growth, supported by strong order activity in the fourth quarter of 2025. Additionally, Carrier expects to see margin expansion in 2026, driven by improved sell-ins in the Americas and effective cost management strategies, suggesting a promising outlook for financial performance.

Carrier Global has provided a negative outlook for its earnings per share (EPS) for 4Q25, guiding it at $0.36, which reflects a decrease of approximately 12% compared to previous expectations, primarily driven by continued softness in its residential HVAC segment that accounts for around 50% of revenues. The company also indicated that its revised EPS forecast for 2025 would be $2.60, which is a reduction of 5 cents from earlier projections due to declining residential volume and ongoing pressures in the market. Furthermore, peers in the residential HVAC industry, such as Trane and Lennox, have similarly expressed concerns about market headwinds affecting their sales forecasts, further indicating a challenging environment for Carrier's core business operations.