Carrier Global Corporation (NYSE: CARR) is a leading provider of heating, ventilation, air conditioning, and refrigeration (HVACR) solutions. The company offers a wide range of innovative products and services that enhance indoor environments and promote energy efficiency worldwide.
Key Takeaways:
- Carrier Global Corporation’s stock price is expected to show consistent growth over the next three decades.
- Technological advancements and sustainability initiatives are likely to drive the company’s value proposition.
- The HVAC and refrigeration markets are projected to expand, benefiting Carrier’s core business segments.
- Long-term investors may find Carrier an attractive option for portfolio growth and potential dividends.
Overview of Carrier Global Corporation
Willis Carrier’s invention of modern air conditioning in 1902 laid the foundation for Carrier Global Corporation, established in 1915. The company pioneered HVAC technology, reshaping indoor climate control across industries. As it grew, Carrier diversified into commercial refrigeration and fire safety systems, solidifying its market position.
In 1979, United Technologies Corporation acquired Carrier, integrating it into a broader industrial portfolio. After four decades, Carrier regained independence in 2020, spinning off as a separate entity.
Carrier Global Company Profile
| Country | United States |
| Ticker Symbol | CARR |
| Exchange | NYSE |
| Founded | 1915 |
| IPO Date | 2020 |
| Industry | HVAC |
| Sector | Industrials |
| Employees | 53,000 |
| CEO | David Gitlin |
| Market Cap (September 10, 2024) | $64.29 billion |
| Website | carrier |
Carrier Global Corporation (CARR) Balance Sheet Analysis
Carrier Global Corporation’s 2023 balance sheet reveals substantial growth, with total assets reaching $32.8 billion, up from $26.1 billion in 2022. Total liabilities increased to $23.8 billion, while total equity grew to $9.0 billion.
The company’s liquidity position improved significantly, with working capital surging to $11.9 billion from $3.8 billion in 2022. Total debt rose to $14.7 billion, but net debt decreased to $4.3 billion, indicating better cash management.
Carrier’s tangible book value, though still negative at -$340 million, showed considerable improvement from the previous year’s -$3.6 billion. This suggests progress in addressing intangible asset concerns.
Overall, Carrier’s 2023 balance sheet demonstrates growth, enhanced liquidity, and improved debt management, positioning the company for stronger financial performance despite increased liabilities.
Balance Sheet Data Source: finance.yahoo
Carrier Global Corporation Stock Price History
Carrier Global Corporation (NYSE: CARR) had its IPO in the year 2020. Carrier Global Corporation (NYSE: CARR) reached its all-time high price of $73.06 on September 3, 2024.
As of September 9, 2024, the stock price stands at $70.73.
CARR Stock Price Forecast 2024
For the remainder of 2024, we anticipate Carrier’s stock to continue its upward trend. The company’s focus on innovative, energy-efficient solutions aligns well with global sustainability goals, potentially driving demand for its products and services.
Carrier’s investment in smart building technologies and IoT integration is expected to start yielding returns, potentially attracting tech-savvy investors and boosting market confidence in the company’s long-term growth prospects.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2024 | $60.50 | $73.25 | $91.56 |
CARR Stock Price Forecast 2025
In 2025, Carrier is expected to benefit from increased infrastructure spending and a growing emphasis on indoor air quality. These factors could contribute to a steady rise in stock value. We project a growth of 12.49% from 2024’s average price to 2025’s average price.
The company’s expansion into emerging markets, particularly in Asia and Africa, is anticipated to open up new revenue streams. This geographical diversification may help mitigate regional economic risks and boost investor confidence.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2025 | $75.00 | $82.40 | $106.10 |
CARR Stock Price Forecast 2026
As Carrier continues to expand its market share and introduce new technologies, we expect the stock to maintain its growth momentum in 2026. The forecasted growth from 2025 to 2026 is approximately 12%.
Carrier’s focus on developing eco-friendly refrigerants and energy-efficient HVAC systems is likely to align well with stricter environmental regulations, potentially giving the company a competitive edge in key markets.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2026 | $84.00 | $92.28 | $119.96 |
CARR Stock Price Forecast 2027
In 2027, Carrier’s investments in smart building technologies and IoT integration could start yielding significant returns, potentially boosting investor confidence and stock price. We anticipate a growth of 12% from 2026 to 2027.
The company’s strategic partnerships with tech giants for developing AI-powered HVAC solutions may open up new market segments, potentially driving revenue growth and attracting technology-focused investors.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2027 | $95.50 | $103.35 | $134.36 |
CARR Stock Price Forecast 2028
The global push for energy efficiency and sustainable buildings is expected to accelerate, potentially benefiting Carrier’s core business segments. Our forecast indicates a growth of 12% from 2027 to 2028.
Carrier’s ongoing research into advanced materials for heat exchange and insulation could lead to breakthrough products, potentially strengthening the company’s market position and driving stock price growth.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2028 | $110.00 | $115.75 | $147.03 |
CARR Stock Price Forecast 2029
As Carrier strengthens its position in emerging markets and expands its product portfolio, we expect the stock to continue its upward trend in 2029. The projected growth from 2028 to 2029 is approximately 12%.
The company’s investments in predictive maintenance technologies and remote monitoring systems could lead to increased service revenues, potentially improving profit margins and attracting value investors.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2029 | $128.00 | $129.64 | $168.53 |
CARR Stock Price Forecast 2030
By 2030, Carrier’s investments in research and development could yield groundbreaking technologies, potentially driving significant stock price appreciation. We forecast a growth of 12% from 2029 to 2030.
Carrier’s focus on developing solutions for smart cities and sustainable urban infrastructure could position the company as a key player in the rapidly growing urban development sector. As Carrier expands into smart city solutions, other companies like Republic Services (RSG) are also positioning themselves in the sustainability sector, albeit in waste management. For more on this, see our Republic Services stock prediction.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2030 | $150.00 | $145.20 | $188.76 |
CARR Stock Price Forecast 2031
In 2031, Carrier’s focus on sustainability and energy efficiency is likely to align well with global climate initiatives, potentially boosting demand for its products and services. The anticipated growth from 2030 to 2031 is 12%.
The company’s expansion into renewable energy integration for HVAC systems could open up new market opportunities, particularly in regions with aggressive carbon reduction targets.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2031 | $176.00 | $162.62 | $211.41 |
CARR Stock Price Forecast 2032
As smart building technologies become more prevalent, Carrier’s expertise in this area could drive further stock price appreciation in 2032. We project a growth of 12% from 2031 to 2032.
Carrier’s potential collaborations with autonomous vehicle manufacturers for advanced mobile refrigeration solutions could create new revenue streams, particularly in the evolving food delivery and healthcare logistics sectors.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2032 | $208.00 | $182.13 | $236.77 |
CARR Stock Price Forecast 2033
In 2033, Carrier’s continued expansion in emerging markets and potential acquisitions could contribute to sustained stock price growth. The forecasted growth from 2032 to 2033 is approximately 12%.
The company’s advancements in energy storage technologies for HVAC systems could position Carrier as a leader in grid-responsive building solutions, potentially attracting environmentally conscious investors.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2033 | $246.00 | $203.99 | $265.19 |
CARR Stock Price Forecast 2034
By 2034, Carrier’s long-term strategies in sustainability and technological innovation are expected to yield substantial returns, potentially reflecting in the stock price. We anticipate a growth of 12% from 2033 to 2034.
Carrier’s potential expansion into space habitat environmental control systems could open up exciting new markets, aligning the company with the growing commercial space industry.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2034 | $290.00 | $228.47 | $297.01 |
CARR Stock Price Forecast 2035
In 2035, Carrier’s position as a leader in building and cold chain solutions could strengthen further, potentially driving continued stock price appreciation. Our forecast indicates a growth of 12% from 2034 to 2035.
The company’s innovations in personalized climate control using AI and biometric data could revolutionize the HVAC industry, potentially creating new premium product lines and boosting profit margins. While Carrier focuses on AI-driven climate solutions, companies like Emerson Electric are also making strides in smart HVAC technologies. Check out our Emerson stock forecast for more insights into this sector’s future.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2035 | $340.00 | $255.89 | $332.66 |
CARR Stock Price Forecast 2036
As global urbanization trends continue, Carrier’s solutions for efficient and sustainable urban living could drive further stock value growth in 2036. The projected growth from 2035 to 2036 is approximately 12%.
Carrier’s potential development of self-repairing HVAC systems using advanced materials and nanotechnology could significantly reduce maintenance costs, potentially attracting cost-conscious customers and investors.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2036 | $398.00 | $286.60 | $372.58 |
CARR Stock Price Forecast 2037
In 2037, Carrier’s ongoing focus on innovation and adapting to changing market demands could contribute to sustained stock price growth. We forecast a growth of 12% from 2036 to 2037.
The company’s potential breakthroughs in quantum cooling technologies could open up new applications in data centers and quantum computing, potentially positioning Carrier as a key player in these high-growth sectors.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2037 | $464.00 | $320.99 | $417.29 |
CARR Stock Price Forecast 2038
By 2038, Carrier’s long-term investments in sustainability and energy efficiency are expected to yield significant returns, potentially reflecting in the stock price. The anticipated growth from 2037 to 2038 is 12%.
Carrier’s potential development of bio-inspired cooling systems could lead to ultra-efficient HVAC solutions, potentially revolutionizing the industry and attracting environmentally conscious investors and customers.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2038 | $540.00 | $359.51 | $467.36 |
CARR Stock Price Forecast 2039
In 2039, Carrier’s position as a global leader in HVAC and refrigeration solutions could strengthen further, potentially driving continued stock price appreciation. We project a growth of 12% from 2038 to 2039.
The company’s potential expansion into atmospheric water generation technologies could position Carrier as a key player in addressing global water scarcity issues, potentially opening up new markets and revenue streams.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2039 | $626.00 | $402.65 | $523.45 |
CARR Stock Price Forecast 2040
As we enter 2040, Carrier’s continued innovation and adaptation to evolving market needs could contribute to sustained stock value growth. The forecasted growth from 2039 to 2040 is approximately 12%.
Carrier’s potential development of zero-emission cooling technologies could align perfectly with global net-zero carbon goals, potentially driving strong demand and investor interest in environmentally friendly cooling solutions. As Carrier aims for zero-emission solutions, other companies are also adapting to meet global sustainability goals. For instance, TELUS is investing in IoT and smart building technologies. Read our TELUS stock price outlook to learn more about the intersection of technology and sustainability.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2040 | $724.00 | $450.97 | $586.26 |
CARR Stock Price Forecast 2050
Looking ahead to 2050, we anticipate Carrier to maintain its position as a leader in building and cold chain solutions, potentially driving significant long-term stock price appreciation.
By 2050, Carrier could be at the forefront of climate adaptation technologies, developing innovative solutions for extreme weather conditions. The company’s potential role in creating resilient infrastructure could make it a crucial player in global climate change mitigation efforts.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2050 | $2200.00 | $2600.00 | $3380.00 |
Our long-term forecast suggests substantial growth potential, with the stock price potentially reaching an average of $2600 by 2050, representing a remarkable increase from current levels.
Conclusion
Our analysis suggests that Carrier Global Corporation’s stock price has significant growth potential over the next three decades. We project the stock price to reach $2600.00, representing a remarkable increase of over 3500%. This growth is underpinned by Carrier’s strong market position, focus on innovation, and alignment with global sustainability trends.
FAQs
1. What is the future of CARR share price?
Based on our analysis, the future of Carrier Global Corporation (CARR) share price appears promising. We project consistent growth over the next several decades, with the average stock price potentially reaching $2600 by 2050. Our forecast suggests annual growth rates between 10-15% for the average price, with the potential for even higher gains in bullish scenarios. Factors driving this growth include Carrier’s strong market position, focus on innovation in HVAC and refrigeration technologies, and alignment with global sustainability trends.
2. Is CARR a good long-term stock?
We believe CARR could be considered a good long-term stock for several reasons:
- Consistent projected growth over the next few decades
- Strong position in the essential HVAC and refrigeration markets
- Focus on innovation and sustainability, aligning with global trends
- Potential for expansion in emerging markets
- Diversified product portfolio across building solutions and cold chain
These factors suggest that Carrier is well-positioned for long-term success, potentially making it an attractive option for investors with a long-term horizon.
3. What is the CARR 10 year outlook?
Our 10-year outlook for CARR is positive. By 2034, we project the average stock price could reach $228.47, with a potential high of $297.01. This represents a significant increase from current levels. Key drivers for this growth include:
- Expansion into smart building technologies and IoT integration
- Increased demand for energy-efficient and sustainable HVAC solutions
- Potential breakthroughs in refrigeration technologies
- Expansion in emerging markets
- Continued focus on innovation and R&D
Over this period, we expect Carrier to strengthen its market position and potentially increase its market share in key segments.
4. Is CARR a buy hold or sell?
Based on our analysis, CARR could be considered a “buy” or “hold” for investors, depending on their individual financial goals and risk tolerance. The projected long-term growth suggests potential for capital appreciation, making it an attractive “buy” for investors looking to add a stable, growth-oriented stock to their portfolio. For current shareholders, the consistent projected growth could make CARR a strong “hold” option.
5. Who are the major competitors of CARR?
Carrier Global Corporation (NYSE: CARR) operates in the heating, ventilation, air conditioning, and refrigeration (HVACR) industry. Here are its major competitors:
- Trane Technologies plc (NYSE: TT) – A leading provider of HVAC systems, services, and solutions.
- Johnson Controls International plc (NYSE: JCI) – Specializes in building products, including HVAC systems, controls, and security systems.
- Daikin Industries, Ltd. (OTC: DKILY) – A global leader in air conditioning systems, including residential, commercial, and industrial applications.
- Lennox International Inc. (NYSE: LII) – Manufacturer of HVAC systems for residential and commercial use.
- Rheem Manufacturing Company – A privately held manufacturer of HVAC and water heating products.
- Mitsubishi Electric Corporation (OTC: MIELY) – Offers a wide range of HVAC systems, including advanced technology solutions.
- Honeywell International Inc. (NASDAQ: HON) – Provides a variety of building technology solutions, including advanced HVAC controls and automation systems.
- Ingersoll Rand Inc. (NYSE: IR) – Offers a range of climate solutions, including HVAC products under various brands.
- Emerson Electric Co. (NYSE: EMR) – Provides a wide range of HVACR products and services, focusing on technology and innovation.
- Siemens AG (OTC: SIEGY) – Through its Building Technologies division, Siemens offers HVAC systems and automation solutions for commercial buildings.
These companies are key players in the global HVACR market, competing with Carrier Global across various segments.
Disclaimer:
The stock price predictions provided herein are based on historical data, current market trends, and analysis. However, past performance does not guarantee future results. Stock markets are inherently volatile and subject to numerous economic, political, and market factors that can cause rapid and unpredictable fluctuations in stock prices. The information provided is for educational and informational purposes only and should not be construed as financial advice. It is strongly recommended that you consult with a qualified financial advisor before making any investment decisions. Invest responsibly and consider your individual financial situation, risk tolerance, and investment objectives before acting on any information provided.
