Goldman Sachs cuts target for Carrier Global stock

Published on 10/02/2026 at 17:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached USD 6.35 billion versus USD 6.02 billion. Carrier Global stock was EUR 49.12 on October 2, 2026 versus EUR 49.12.

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Carrier Global (ISIN US14448C1045) was trading at EUR 49.12 at Lang & Schwarz on October 2, 2026 at 5:08 p.m. CEST, unchanged versus the prior close of EUR 49.12. As The Fly reports, Goldman Sachs lowered its Carrier Global price target by USD 11. The target change gives the market a fresh valuation reference while the euro quote stayed flat.

Goldman Sachs cuts its target

The Fly lists the Goldman Sachs target reduction among Carrier Global updates on October 2, 2026. The same company-news page also records Carrier's September 15 investor-conference commentary, including a third-quarter revenue view above USD 6.00 billion guidance and adjusted earnings per share guidance of USD 0.75.

Carrier's operating story is tied to heating, ventilation and air conditioning, refrigeration, fire safety, security and building automation. Its portfolio gives the stock exposure to commercial construction, replacement demand and data-center cooling, as Carrier describes on its corporate site.

Second-quarter figures beat estimates

Carrier reported revenue of USD 6.35 billion for the second quarter of 2026 versus USD 6.02 billion expected, a USD 0.33 billion difference. Its earnings per share reached USD 0.86 versus a USD 0.82 consensus estimate, an excess of USD 0.04, according to MarketBeat in its September 21, 2026 report.

The comparison matters because the latest quarter combined a revenue beat with a positive earnings surprise, while the share price remains below its primary-exchange yearly high. Carrier also maintained fiscal 2026 earnings-per-share guidance of USD 2.90, according to MarketBeat's September 21, 2026 coverage.

NYSE range keeps valuation in view

Carrier Global's primary listing is the NYSE, where CARR was last at USD 55.05 on October 2, 2026 at 11:20 a.m. EDT while the exchange was open. The same primary-exchange data show a 52-week range of USD 50.24 to USD 76.76 and a market capitalization of USD 45.4 billion.

The gap between the USD 55.05 primary-exchange quote and the USD 76.76 yearly high places valuation and execution at the center of the debate. For the next trading sessions, investors have two concrete markers: the USD 0.75 third-quarter adjusted earnings-per-share view and the USD 11 Goldman Sachs target reduction.

Carrier Global stock holds at EUR 49.12

At Lang & Schwarz, Carrier Global stock was trading at EUR 49.12 on October 2, 2026 at 5:08 p.m. CEST, plus 0.00 percent versus the prior close of EUR 49.12 on October 1, 2026. The further course of trading is shown by the continuously updated real-time quote of Carrier Global stock.