We recently published a list of These 10 Firms Soared Last Week, Here’s Why. In this article, we are going to take a look at where Carrier Global Corporation (NYSE:CARR) stands against other firms that soared last week.

The past trading week saw a more calm, generally optimistic, market environment amid the temporary pause in tit-for-tat tariffs, buoyed further by a flurry of corporate earnings for the first quarter of the year.

On a week-on-week basis, the tech-heavy Nasdaq rallied the most, up 3.4 percent, followed by the Dow Jones with 3 percent, and the S&P 500 by 2.9 percent.

Beyond the major indices, 10 firms stood out, booking double-digit gains as high as 48 percent, thanks to better-than-expected earnings and outlook.

In this article, we name this week’s 10 best-performing mid-cap companies and detail the reasons behind their gains.

To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5-million trading volume. The stocks were chosen based on the highest percentage increase in closing prices on May 2 as against their prices a week earlier, or on April 25.

An engineer wearing a hardhat inspecting a newly-installed air conditioner system.

Carrier Global Corporation (NYSE:CARR)

Carrier Global grew its share prices by 19.1 percent week-on-week to end Friday at $71.53 versus the $60.06 finish on April 25 following its robust earnings performance and bullish outlooks from investment firms.

In a statement earlier, Carrier Global Corporation (NYSE:CARR) said that net income attributable to shareholders surged by 53 percent to $412 million from $269 million reported in the same period last year, despite net sales dipping by 3.7 percent to $5.218 billion from $5.420 billion year-on-year.

It also raised its full-year guidance amid an expected strong demand for its heating, ventilating, and air conditioning (HVAC) products and aftermarket repair services. For the full year, the company expects its sales to settle at $23 billion, as compared with the range of $22.5 billion to $23 billion previously.

Meanwhile, analysts from Oppenheimer maintained their Outperform rating on Carrier Global Corporation’s (NYSE:CARR) stock and raised their price target for the latter to $85 from $73 previously.

Mizuho Securities, for its part, also raised the price target for the company to $80 from $72 previously.

Overall, CARR ranks 5th on our list of firms that soared last week. While we acknowledge the potential of CARR as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than CARR but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.