Movement Alert|Carrier Global Rises 3.08% in Regular Trading, Goldman Sachs Raises Target Price to $85

Market Focus07-10

On July 10, Carrier Global rose 3.08% in regular trading, trading at $70.04/share, with turnover of $62.08 million.

On the news front, Goldman Sachs raised its price target on Carrier Global from $80 to $85, implying approximately 22% upside from the current share price. Previously, Evercore ISI also raised its target to $85, reflecting Wall Street's optimism toward the company's AI data center cooling business and green transition strategy.

On the fundamental side, Carrier Global reported Q1 adjusted EPS of $0.57, beating the consensus estimate of $0.51 by approximately 12%. The company guided full-year EPS at $2.80, slightly above the FactSet estimate of $2.78. In recent months, the company has expanded its investment in ZutaCore's direct-to-chip liquid cooling technology to support high-density AI data centers, and launched its QuantumLeap data center solution. The next earnings report is scheduled for July 28 pre-market, with an expected EPS of $0.83.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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