Argus Research Raises Carrier Global (CARR) Price Target on Valuation and Portfolio Alignment Opportunities

Carrier Global Corporation (NYSE:CARR) is one of the 10 Best Industrial Stocks Benefiting from the Data Center Boom. On May 5, Argus Research raised its price target for Carrier Global to $75 from $72, while maintaining a Buy rating on the shares, according to a report by Investing.com.

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The research firm attributed the higher price target to the valuation and opportunities from the company’s recent portfolio alignment. Argus highlighted the company’s potential for data center growth as well as the recent boost in share buybacks.

On April 30, Carrier Global reported a 500% increase in data center orders in the first quarter of the year, which resulted in a 35% jump in global Commercial HVAC orders.

Earlier, on April 29, the company announced that its venture group, Carrier Ventures, expanded its investment in ZutaCore, a provider of direct-to-chip, waterless liquid-cooling solutions.

Carrier Vice President for Global Data Centers, Christian Senu, emphasized that AI is reshaping data center architecture, with thermal management emerging as a key constraint on scaling. He added:

“This investment strengthens our ability to deliver advanced liquid cooling solutions that help customers scale high-density AI infrastructure efficiently and with improved energy performance for today’s chip thermal densities and next-generation architectures.”

Based on 29 analyst ratings compiled by CNN, Carrier Global has an average price rating of $75.50, a 12.97% increase from the current price of $66.83.

Carrier Global Corporation (NYSE:CARR) is a global leader in intelligent climate and energy solutions. It offers cutting-edge advancements in climate solutions, including temperature control and air quality.

While we acknowledge the risk and potential of CARR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CARR and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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