Barclays Raises PT on Carrier Global (CARR) Stock
Carrier Global Corporation (NYSE:CARR) is one of the Best Stocks Under $100 to Invest In Now. On May 1, Barclays lifted its price objective on the company’s stock to $79 from $67 and kept an “Overweight” rating on the shares. As per the analyst, Carrier Global Corporation (NYSE:CARR) remains well-placed for growth in H2 2026, making its stock attractive.
In a different release, the company posted results for Q1 2026, with its orders in global Commercial HVAC business rising 35%, thanks to data centers, which rose more than 500% in the quarter. The robust double-digit sequential growth in Commercial HVAC backlog can help the company drive its 6th consecutive year of double-digit growth in this business.
Carrier Global Corporation (NYSE:CARR)’s Q1 2026 sales came in at $5.3 billion, rising 2% compared to the prior year, with organic sales falling 1%. This was more than mitigated by the 3% tailwind from foreign currency translation.
Carrier Global Corporation (NYSE:CARR) offers intelligent climate and energy solutions.
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