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.

Barclays Raises PT on Carrier Global (CARR) Stock

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.

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.

READ NEXT: 10 Best FMCG Stocks to Invest In According to Analysts and 11 Best Long-Term Tech Stocks to Buy According to Analysts.

Disclosure: None. Follow Insider Monkey on Google News.