Otis Worldwide (OTIS) Stock Forecast, Price Target & Predictions
OTIS Stock Forecast
Otis Worldwide stock forecast is as follows: an average price target of $95.89 (represents a -4.38% downside from OTIS’s last price of $100.28) and a rating consensus of 'Hold', based on 6 wall street analysts offering a 1-year stock forecast.
OTIS Price Target
The average price target for Otis Worldwide (OTIS) is $95.89 based on 1-year price targets from 6 Wall Street analysts in the past 3 months, with a price target range of $119.00 to $80.00. This represents a potential -4.38% downside from OTIS's last price of $100.28.
OTIS Analyst Ratings
According to 6 Wall Street analysts, Otis Worldwide's rating consensus is 'Hold'. The analyst rating breakdown for OTIS stock is 0 'Strong Buy' (0.00%), 1 'Buy' (16.67%), 4 'Hold' (66.67%), 1 'Sell' (16.67%), and 0 'Strong Sell' (0.00%).
Otis Worldwide Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Sep 06, 2024 | Chris Snyder | Morgan Stanley | $97.00 | $92.43 | 4.94% | -3.27% |
| Jul 25, 2024 | Joseph O'Dea | Wells Fargo | $95.00 | $91.43 | 3.90% | -5.27% |
| May 13, 2024 | John Eade | Argus Research | $108.00 | $96.21 | 12.25% | 7.70% |
| Apr 02, 2024 | Rob Wertheimer | Melius Research | $119.00 | $98.57 | 20.73% | 18.67% |
| Apr 02, 2024 | Julian Mitchell | Barclays | $90.00 | $98.57 | -8.69% | -10.25% |
| Feb 22, 2024 | John Eade | Argus Research | $102.00 | $92.41 | 10.38% | 1.72% |
| Feb 02, 2023 | - | Cowen & Co. | $95.00 | $84.86 | 11.94% | -5.27% |
| Feb 02, 2023 | - | Barclays | $81.00 | $84.56 | -4.21% | -19.23% |
| Feb 02, 2023 | - | Morgan Stanley | $89.00 | $84.56 | 5.25% | -11.25% |
| Feb 02, 2023 | - | Wells Fargo | $82.00 | $84.56 | -3.03% | -18.23% |
The latest Otis Worldwide stock forecast, released on Sep 06, 2024 by Chris Snyder from Morgan Stanley, set a price target of $97.00, which represents a 4.94% increase from the stock price at the time of the forecast ($92.43), and a -3.27% decrease from OTIS last price ($100.28).
Otis Worldwide Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 6 |
| Avg Price Target | - | $97.00 | $101.83 |
| Last Closing Price | $100.28 | $100.28 | $100.28 |
| Upside/Downside | -100.00% | -3.27% | 1.55% |
In the current month, the average price target of Otis Worldwide stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Otis Worldwide's last price of $100.28. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 08, 2024 | Wolfe Research | Outperform | Peer Perform | Downgrade |
| Oct 02, 2024 | Barclays | Equal-Weight | Equal-Weight | Hold |
| Sep 06, 2024 | Morgan Stanley | Equal-Weight | Reduce | Initialise |
| Jul 25, 2024 | Wells Fargo | Equal-Weight | Equal-Weight | Hold |
| Apr 08, 2024 | Wolfe Research | Outperform | Outperform | Hold |
| Feb 02, 2023 | Cowen & Co. | Outperform | Outperform | Hold |
| Feb 02, 2023 | Barclays | Equal-Weight | Equal-Weight | Hold |
| Feb 02, 2023 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
| Feb 02, 2023 | Wells Fargo | Underweight | Underweight | Hold |
| Jan 06, 2023 | Morgan Stanley | - | Equal-Weight | Initialise |
Otis Worldwide's last stock rating was published by Wolfe Research on Oct 08, 2024. The company Downgrade its OTIS rating from "Outperform" to "Peer Perform".
Otis Worldwide Financial Forecast
Otis Worldwide Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $3.62B | - | $3.72B | $3.35B | $3.44B | $3.34B | $3.49B | $3.41B | $3.57B | $3.62B | $3.70B | $3.41B | $3.49B | $3.27B | $3.03B | $2.97B |
| Avg Forecast | $3.73B | $3.71B | $3.69B | $3.67B | $3.74B | $3.66B | $3.71B | $3.52B | $3.66B | $3.59B | $3.74B | $3.46B | $3.57B | $3.54B | $3.59B | $3.27B | $3.36B | $3.44B | $3.55B | $3.45B | $3.59B | $3.55B | $3.45B | $3.15B | $3.38B | $3.21B | $2.95B | $3.03B |
| High Forecast | $3.76B | $3.74B | $3.72B | $3.70B | $3.78B | $3.69B | $3.74B | $3.55B | $3.75B | $3.59B | $3.74B | $3.46B | $3.60B | $3.60B | $3.63B | $3.30B | $3.39B | $3.44B | $3.55B | $3.45B | $3.59B | $3.55B | $3.45B | $3.15B | $3.38B | $3.21B | $2.95B | $3.03B |
| Low Forecast | $3.69B | $3.67B | $3.65B | $3.63B | $3.71B | $3.63B | $3.67B | $3.48B | $3.60B | $3.59B | $3.74B | $3.46B | $3.53B | $3.50B | $3.56B | $3.24B | $3.33B | $3.44B | $3.55B | $3.45B | $3.59B | $3.55B | $3.45B | $3.15B | $3.38B | $3.21B | $2.95B | $3.03B |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 1 | 1 | 2 | 7 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 6 | 3 | 3 | 3 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.02% | - | 1.04% | 1.02% | 1.02% | 0.97% | 0.98% | 0.99% | 0.99% | 1.02% | 1.07% | 1.08% | 1.03% | 1.02% | 1.03% | 0.98% |
Otis Worldwide's average Quarter revenue forecast for Mar 24 based on 1 analysts is $3.46B, with a low forecast of $3.46B, and a high forecast of $3.46B. OTIS's average Quarter revenue forecast represents a -4.49% decrease compared to the company's last Quarter revenue of $3.62B (Dec 23).
Otis Worldwide EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 1 | 1 | 2 | 7 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 6 | 3 | 3 | 3 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $522.00M | - | $580.00M | $560.00M | $537.00M | $577.00M | $536.00M | $574.00M | $469.00M | $509.00M | $530.00M | $482.00M | $420.00M | $417.00M | $382.00M | $338.00M |
| Avg Forecast | $591.62M | $588.39M | $585.17M | $581.97M | $593.69M | $580.60M | $588.05M | $558.61M | $581.60M | $569.82M | $592.98M | $531.71M | $565.94M | $561.14M | $570.41M | $483.38M | $485.55M | $545.67M | $563.20M | $439.43M | $569.34M | $562.99M | $547.20M | $413.14M | $536.94M | $509.40M | $467.84M | $235.13M |
| High Forecast | $597.42M | $594.15M | $590.91M | $587.67M | $599.51M | $586.28M | $593.82M | $563.37M | $595.83M | $569.88M | $592.98M | $638.06M | $571.49M | $571.89M | $576.00M | $580.05M | $582.66M | $545.67M | $563.20M | $527.32M | $569.34M | $562.99M | $547.20M | $495.77M | $536.94M | $509.40M | $467.84M | $282.16M |
| Low Forecast | $586.46M | $583.25M | $580.06M | $576.89M | $588.51M | $575.53M | $582.92M | $552.26M | $572.12M | $569.76M | $592.98M | $425.37M | $561.00M | $554.76M | $565.43M | $386.70M | $388.44M | $545.67M | $563.20M | $351.55M | $569.34M | $562.99M | $547.20M | $330.51M | $536.94M | $509.40M | $467.84M | $188.10M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.92% | - | 1.02% | 1.16% | 1.11% | 1.06% | 0.95% | 1.31% | 0.82% | 0.90% | 0.97% | 1.17% | 0.78% | 0.82% | 0.82% | 1.44% |
1 analysts predict OTIS's average Quarter EBITDA for Mar 24 to be $531.71M, with a high of $638.06M and a low of $425.37M. This is 1.86% upper than Otis Worldwide's previous annual EBITDA (Dec 23) of $522.00M.
Otis Worldwide Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 1 | 1 | 2 | 7 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 6 | 3 | 3 | 3 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $323.00M | - | $439.00M | $331.00M | $297.00M | $324.00M | $321.00M | $311.00M | $310.00M | $331.00M | $326.00M | $308.00M | $251.00M | $266.00M | $224.00M | $165.00M |
| Avg Forecast | $461.57M | $469.02M | $477.60M | $417.12M | $429.43M | $427.06M | $426.63M | $386.08M | $384.00M | $390.69M | $412.24M | $361.05M | $345.65M | $353.29M | $347.47M | $328.23M | $290.92M | $318.78M | $318.29M | $298.39M | $279.14M | $296.46M | $289.60M | $264.00M | $239.16M | $227.43M | $178.98M | $114.78M |
| High Forecast | $467.45M | $475.00M | $483.69M | $422.43M | $434.90M | $432.50M | $432.06M | $393.80M | $388.00M | $391.32M | $412.30M | $433.27M | $350.06M | $357.35M | $351.90M | $393.88M | $349.10M | $318.78M | $318.29M | $358.07M | $279.14M | $296.46M | $289.60M | $316.80M | $239.16M | $227.43M | $178.98M | $137.74M |
| Low Forecast | $456.34M | $463.70M | $472.18M | $412.38M | $424.55M | $422.21M | $421.79M | $374.50M | $380.00M | $390.05M | $412.18M | $288.84M | $341.73M | $349.28M | $343.53M | $262.58M | $232.73M | $318.78M | $318.29M | $238.71M | $279.14M | $296.46M | $289.60M | $211.20M | $239.16M | $227.43M | $178.98M | $91.83M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.93% | - | 1.26% | 1.01% | 1.02% | 1.02% | 1.01% | 1.04% | 1.11% | 1.12% | 1.13% | 1.17% | 1.05% | 1.17% | 1.25% | 1.44% |
Otis Worldwide's average Quarter net income forecast for Mar 24 is $361.05M, with a range of $288.84M to $433.27M. OTIS's average Quarter net income forecast represents a 11.78% increase compared to the company's last Quarter net income of $323.00M (Dec 23).
Otis Worldwide SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 1 | 1 | 2 | 7 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 6 | 3 | 3 | 3 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $498.00M | - | $439.00M | $455.00M | $448.00M | $417.00M | $439.00M | $459.00M | $503.00M | $479.00M | $484.00M | $482.00M | $1.07B | $962.00M | $882.00M | $530.00M |
| Avg Forecast | $511.76M | $508.96M | $506.18M | $503.41M | $513.55M | $502.22M | $508.68M | $483.21M | $503.10M | $492.90M | $512.94M | $532.87M | $489.55M | $485.39M | $493.42M | $484.43M | $520.75M | $472.01M | $487.18M | $440.39M | $492.49M | $486.99M | $473.34M | $413.14M | $464.46M | $440.64M | $404.69M | $368.70M |
| High Forecast | $516.78M | $513.95M | $511.14M | $508.35M | $518.58M | $507.14M | $513.66M | $487.33M | $515.40M | $492.95M | $512.94M | $639.45M | $494.34M | $494.69M | $498.25M | $581.32M | $624.90M | $472.01M | $487.18M | $528.47M | $492.49M | $486.99M | $473.34M | $495.77M | $464.46M | $440.64M | $404.69M | $442.43M |
| Low Forecast | $507.30M | $504.52M | $501.76M | $499.02M | $509.07M | $497.84M | $504.23M | $477.72M | $494.89M | $492.85M | $512.94M | $426.30M | $485.27M | $479.87M | $489.11M | $387.54M | $416.60M | $472.01M | $487.18M | $352.31M | $492.49M | $486.99M | $473.34M | $330.51M | $464.46M | $440.64M | $404.69M | $294.96M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.02% | - | 0.89% | 0.94% | 0.86% | 0.88% | 0.90% | 1.04% | 1.02% | 0.98% | 1.02% | 1.17% | 2.31% | 2.18% | 2.18% | 1.44% |
Otis Worldwide's average Quarter SG&A projection for Mar 24 is $532.87M, based on 1 Wall Street analysts, with a range of $426.30M to $639.45M. The forecast indicates a 7.00% rise compared to OTIS last annual SG&A of $498.00M (Dec 23).
Otis Worldwide EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 1 | 1 | 2 | 7 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 6 | 3 | 3 | 3 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $0.79 | - | $1.04 | $0.80 | $0.71 | $0.77 | $0.76 | $0.73 | $0.73 | $0.78 | $0.76 | $0.71 | $0.58 | $0.61 | $0.52 | $0.38 |
| Avg Forecast | $1.15 | $1.16 | $1.19 | $1.04 | $1.07 | $1.06 | $1.06 | $0.96 | $0.95 | $0.97 | $1.02 | $0.87 | $0.86 | $0.88 | $0.86 | $0.76 | $0.73 | $0.79 | $0.78 | $0.74 | $0.69 | $0.73 | $0.71 | $0.63 | $0.59 | $0.56 | $0.44 | $0.46 |
| High Forecast | $1.16 | $1.18 | $1.20 | $1.05 | $1.08 | $1.07 | $1.07 | $0.98 | $0.96 | $0.97 | $1.02 | $0.87 | $0.87 | $0.89 | $0.87 | $0.77 | $0.74 | $0.79 | $0.78 | $0.74 | $0.69 | $0.73 | $0.71 | $0.63 | $0.59 | $0.56 | $0.44 | $0.46 |
| Low Forecast | $1.13 | $1.15 | $1.17 | $1.02 | $1.05 | $1.05 | $1.05 | $0.93 | $0.94 | $0.97 | $1.02 | $0.87 | $0.85 | $0.87 | $0.85 | $0.75 | $0.72 | $0.79 | $0.78 | $0.74 | $0.69 | $0.73 | $0.71 | $0.63 | $0.59 | $0.56 | $0.44 | $0.46 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.92% | - | 1.21% | 1.06% | 0.97% | 0.98% | 0.97% | 0.99% | 1.06% | 1.07% | 1.06% | 1.13% | 0.98% | 1.09% | 1.18% | 0.83% |
According to 1 Wall Street analysts, Otis Worldwide's projected average Quarter EPS for Mar 24 is $0.87, with a low estimate of $0.87 and a high estimate of $0.87. This represents a 9.72% increase compared to OTIS previous annual EPS of $0.79 (Dec 23).
Otis Worldwide Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| AOS | A. O. Smith | $71.41 | $86.50 | 21.13% | Buy |
| IEX | IDEX | $223.61 | $237.44 | 6.18% | Buy |
| DOV | Dover | $198.73 | $190.07 | -4.36% | Buy |
| OTIS | Otis Worldwide | $100.28 | $95.89 | -4.38% | Hold |
| EMR | Emerson Electric | $129.56 | $120.33 | -7.12% | Buy |
| PNR | Pentair | $104.75 | $95.88 | -8.47% | Buy |
| ITW | Illinois Tool Works | $266.46 | $230.92 | -13.34% | Hold |
| FLS | Flowserve | $60.08 | $51.00 | -15.11% | Buy |
| PH | Parker-Hannifin | $689.76 | $546.07 | -20.83% | Buy |
| IR | Ingersoll Rand | $102.38 | $70.67 | -30.97% | Buy |
| ETN | Eaton | $363.69 | $243.05 | -33.17% | Buy |