90/100BTrane Technologies stock forecast 2026–2030What is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
Analysts' average 12-month price target for Trane Technologies is 523.50, 25.2% above the current price of 418.09. Their targets range from 485.00 to 565.00.
Of the 13 firms that rated Trane Technologies in the past 12 months, 10 rate it buy or strong buy, 2 hold and 1 sell or strong sell (each firm at its latest rating): a Buy consensus.
Analysts' 1-year price targets range from 485.00 to 565.00, with an average of 523.50.
| Buy | 10 | |
| Hold | 2 | |
| Sell | 1 |
12-month price target
| Highest target | 565.00 |
| Average target | 523.50 |
| Lowest target | 485.00 |
| Current price | 418.09 |
Trane Technologies price target historyWhat is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
Have analysts recently raised or lowered their Trane Technologies price target and rating?
How analysts rate Trane Technologies, month by monthWhat is the analyst rating? The analyst rating sums up what the analysts covering a stock recommend, from strong buy to strong sell, by the share of them rating it a buy.
10 of 13 firms rate it buy now, against 6 of 13 in December 2025.
Each month: every firm at its latest rating from the 12 months before. Strong buys count as buys, strong sells as sells.
Trane Technologies analyst upgrades, downgrades and price targets
The latest rating change came on 14 October 2026, when Goldman Sachs upgraded Trane Technologies from Neutral to Buy. Its price target is 565.00. The most recent new target came from Argus Research on 30 October 2026: 500.00.
| Date | Firm | Rating | Price target | Change | Price then |
|---|---|---|---|---|---|
| 30 Oct 2026 | Argus Research John Eade | — | 500.00 | — | 431.01 |
| 30 Oct 2026 | Oppenheimer Noah Kaye | — | 530.00 → 500.00 | -5.7% | 431.01 |
| 15 Oct 2026 | Mizuho Securities | Reiterated · Neutral | 475.00 → 485.00 | +2.1% | 471.29 |
| 14 Oct 2026 | Goldman Sachs Joe Ritchie | Upgraded · Neutral → Buy | 565.00 | — | 478.01 |
| 24 Sept 2026 | Wells Fargo | — | 536.00 | — | 438.54 |
| 9 Jul 2026 | Bernstein | — | 550.00 → 555.00 | +0.9% | 471.95 |
| 9 Jun 2026 | Bernstein | — | 550.00 | — | 470.76 |
| 4 May 2026 | Morgan Stanley Christopher Snyder | — | 565.00 | — | 484.61 |
| 1 May 2026 | Oppenheimer Noah Kaye | — | 468.00 → 530.00 | +13.2% | 495.64 |
| 1 May 2026 | Mizuho Securities Brett Linzey | — | 370.00 → 475.00 | +28.4% | 495.30 |
| 1 May 2026 | Evercore ISI | Reiterated · Outperform | 560.00 | — | 495.82 |
| 1 May 2026 | KeyBanc | Reiterated · Overweight | 525.00 → 555.00 | +5.7% | 492.54 |
| 1 May 2026 | Barclays Julian Mitchell | Reiterated · Overweight | 507.00 → 585.00 | +15.4% | 492.54 |
| 21 Apr 2026 | KeyBanc | Reiterated · Overweight | 500.00 → 525.00 | +5.0% | 477.24 |
| 14 Apr 2026 | BNP Paribas Andrew Buscaglia | — | 550.00 | — | 472.94 |
| 30 Jan 2026 | Oppenheimer Noah Kaye | Reiterated · Outperform | 460.00 → 468.00 | +1.7% | 426.07 |
| 30 Jan 2026 | Robert W. Baird | — | 445.00 → 450.00 | +1.1% | 426.07 |
| 30 Jan 2026 | RBC Capital Deane Dray | Reiterated · Sector Perform | 470.00 | — | 426.07 |
| 30 Jan 2026 | Barclays | Reiterated · Overweight | 505.00 → 507.00 | +0.4% | 426.07 |
| 20 Jan 2026 | Oppenheimer Noah Kaye | Upgraded · Perform → Outperform | 460.00 | — | 389.53 |
| 12 Jan 2026 | Robert W. Baird | — | 500.00 → 445.00 | -11.0% | 381.70 |
| 7 Jan 2026 | Melius Research Scott Davis | — | 490.00 | — | 381.10 |
| 7 Jan 2026 | Barclays Julian Mitchell | Reiterated · Overweight | 506.00 → 505.00 | -0.2% | 381.10 |
| 5 Jan 2026 | UBS | Reiterated · Buy | 520.00 | — | 399.28 |
| 5 Jan 2026 | Mizuho Securities | — | 370.00 | — | 398.00 |
| 15 Dec 2025 | KeyBanc | Upgraded · Sector Weight → Overweight | 500.00 | — | 390.84 |
| 4 Dec 2025 | Barclays Julian Mitchell | — | 485.00 → 506.00 | +4.3% | 409.07 |
Trane Technologies EPS and revenue estimatesWhat are estimate revisions? Estimate revisions are the changes analysts make to their EPS and revenue forecasts for the years ahead. They show whether expectations are rising or falling.
Analysts expect Trane Technologies's EPS to grow 16.3% a year until 2028, slower than over the last 5 years (29.8% a year) and the last 3 years (20.2%).
Analysts expect Trane Technologies's revenue to grow 10.8% a year until 2028, about as fast as over the last 5 years (11.4% a year) and the last 3 years (10.1%).
Revenue
EPS
Does Trane Technologies beat earnings estimates?What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
On average, analysts' EPS estimate was 4.9% off the result, either way, and their revenue estimate 3.4%, over the last 12 quarters.
- EPS beats
- 106 / 136
- Revenue beats
- 93 / 120
- Average EPS surprise, last 12What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
- +4.9%
- Since
- January 1993
| Quarter | Report date | EPS estimate | Reported EPS | Surprise | Revenue estimate | Reported revenue | Surprise |
|---|---|---|---|---|---|---|---|
| Q3 FY2026 | 29 Oct 2026 | 4.73 | 4.86 | +2.7% | 6.50B | 6.76B | +3.9% |
| Q2 FY2026 | 30 Jul 2026 | 4.27 | 4.31 | +0.9% | 6.20B | 6.35B | +2.5% |
| Q1 FY2026 | 30 Apr 2026 | 2.53 | 2.63 | +4.0% | 4.81B | 4.97B | +3.2% |
| Q4 FY2025 | 29 Jan 2026 | 2.81 | 2.86 | +1.8% | 5.09B | 5.14B | +1.1% |
| Q3 FY2025 | 30 Oct 2025 | 3.80 | 3.88 | +2.1% | 5.77B | 5.74B | -0.6% |
| Q2 FY2025 | 30 Jul 2025 | 3.79 | 3.88 | +2.4% | 5.77B | 5.75B | -0.5% |
| Q1 FY2025 | 30 Apr 2025 | 2.20 | 2.45 | +11.4% | 4.46B | 4.69B | +5.0% |
| Q4 FY2024 | 30 Jan 2025 | 2.52 | 2.61 | +3.6% | 4.79B | 4.87B | +1.8% |
| Q3 FY2024 | 30 Oct 2024 | 3.25 | 3.37 | +3.7% | 5.32B | 5.44B | +2.3% |
| Q2 FY2024 | 31 Jul 2024 | 3.08 | 3.30 | +7.1% | 5.13B | 5.31B | +3.5% |
| Q1 FY2024 | 30 Apr 2024 | 1.65 | 1.94 | +17.6% | 4.00B | 4.22B | +5.5% |
| Q4 FY2023 | 1 Feb 2024 | 2.13 | 2.17 | +1.9% | 3.99B | 4.42B | +10.9% |
Trane Technologies stock price 2026–2030: scenariosHow are the stock price scenarios calculated? Bear, base and bull prices for the years ahead: the analysts' EPS estimates times the lowest, average and highest P/E of the stock today and at its last five year ends, or of its peers.
If Trane Technologies's earnings grow at the 16.0% a year analysts expect to FY2028, then 15.0% a year, it would earn about 26.99 a share in FY2030. At the P/E it has traded at over the last five years (22.3 to 33.9) that is 600.88 to 914.87 a share, or 787.82 at its average P/E of 29.2. This is arithmetic on the analysts' estimates, not a prediction.
| Fiscal year | EPS | Bear | Base | Bull |
|---|---|---|---|---|
| FY2026 | 15.29 | 340.35 | 446.24 | 518.20 |
| FY2027 | 17.76 | 395.38 | 518.38 | 601.99 |
| FY2028 | 20.41 | 454.35 | 595.70 | 691.77 |
| FY2029 (extrapolated) | 23.47 | 522.50 | 685.06 | 795.54 |
| FY2030 (extrapolated) | 26.99 | 600.88 | 787.82 | 914.87 |
Each year's EPS is the analysts' consensus to FY2028; the years after grow 15.0% a year (the analysts' growth, at most 15%). Bear, base and bull apply the lowest, average and highest P/E of today and the last five fiscal year ends, leaving out any above 60, the mark of a year of collapsed earnings (22.3, 29.2, 33.9).
Is Trane Technologies stock undervalued or overvalued?How does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
Trane Technologies's P/E of 29.4 is around the middle of its 5-year range (21.0 to 38.6, median 27.0). It is in line with its own history. Buyers pay more for each point of growth than usual: a PEG of 1.8 on expected growth against 0.9 on its median P/E and past five years' growth. At its usual P/E (28.5 × EPS of 14.22), Trane Technologies's fair value is 404.69, close to the price of 418.09. Its forward P/E, on the consensus for FY2026, is 27.3.
Fair value is the usual (median) P/E of the last five years times the earnings per share of the last twelve months; the ends of the bar are the same earnings at its lowest and highest P/E of those years (21.0 and 38.6). The price against its P/E range
- Price to earnings ratio (TTM)What is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 29.40
- Five-year median P/EWhat is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 27.03
- Five-year P/E range
- 21.0 – 38.6
- Forward P/E (FY2026)What is the forward P/E ratio? Forward P/E divides a share's price by the earnings per share analysts expect in the coming year, rather than last year's actual earnings.
- 27.35
- PEG ratioWhat is the PEG ratio? The PEG ratio divides the P/E by the yearly earnings growth analysts expect, to show how much you pay for each point of growth.
- 1.84
- To the average targetWhat is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
- +25.2%
Most undervalued US stocksHow does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
| Stock | Price | Fair value | Upside |
|---|---|---|---|
| 35.760 | 71.4258Price 35.76193 | +99.7% | |
| 29.080 | 56.2434Price 29.0896 | +93.4% | |
| 240.360 | 464.26205Price 240.36627 | +93.2% | |
| 202.040 | 384.58163Price 202.042,644 | +90.3% | |
| 161.340 | 305.52160Price 161.34396 | +89.4% | |
| 125.395 | 237.44178Price 125.40297 | +89.4% | |
| 159.580 | 300.48225Price 159.58376 | +88.3% |
Furthest below the fair value on each stock's page, updated every day.