Jefferies analyst Stephen Volkmann has maintained their bullish stance on CARR stock, giving a Buy rating today.
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Stephen Volkmann has given his Buy rating due to a combination of factors that suggest long-term growth potential for Carrier Global. Despite a challenging near-term outlook with reduced residential HVAC volumes and a projected decrease in EPS for the third quarter, Volkmann sees the company’s strong applied HVAC and aftermarket segments as key growth drivers. The applied business is experiencing significant growth, particularly in data centers, and the aftermarket segment continues to expand through digital solutions and AI enhancements.
Looking ahead, Volkmann anticipates that Carrier Global will overcome current headwinds by implementing cost reductions and expects the company to benefit from secular demand trends. The company’s strategic initiatives, such as integrated battery heat pumps and home energy management solutions, are gaining traction, further supporting long-term growth. With a relatively attractive valuation and solid margins, Carrier Global remains a top pick in the HVAC sector, and Volkmann’s price target reflects confidence in the company’s ability to achieve sustained growth into 2026 and beyond.
Volkmann covers the Industrials sector, focusing on stocks such as Carrier Global, Agco, and Caterpillar. According to TipRanks, Volkmann has an average return of 18.9% and a 66.90% success rate on recommended stocks.
In another report released today, Barclays also maintained a Buy rating on the stock with a $74.00 price target.