Otis Worldwide (OTIS) Stock Forecast, Price Target & Predictions
OTIS Stock Forecast
Otis Worldwide stock forecast is as follows: an average price target of $96.00 (represents a 2.61% upside from OTIS’s last price of $93.56) 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 $96.00 based on 1-year price targets from 6 Wall Street analysts in the past 3 months, with a price target range of $97.00 to $95.00. This represents a potential 2.61% upside from OTIS's last price of $93.56.
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%), 3 'Hold' (50.00%), 2 'Sell' (33.33%), 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% | 3.68% |
| Jul 25, 2024 | Joseph O'Dea | Wells Fargo | $95.00 | $91.43 | 3.90% | 1.54% |
| May 13, 2024 | John Eade | Argus Research | $108.00 | $96.21 | 12.25% | 15.43% |
| Apr 02, 2024 | Rob Wertheimer | Melius Research | $119.00 | $98.57 | 20.73% | 27.19% |
| Apr 02, 2024 | Julian Mitchell | Barclays | $90.00 | $98.57 | -8.69% | -3.81% |
| Feb 22, 2024 | John Eade | Argus Research | $102.00 | $92.41 | 10.38% | 9.02% |
| Feb 02, 2023 | Cowen & Co. | $95.00 | $84.86 | 11.94% | 1.54% | |
| Feb 02, 2023 | Barclays | $81.00 | $84.56 | -4.21% | -13.42% | |
| Feb 02, 2023 | Morgan Stanley | $89.00 | $84.56 | 5.25% | -4.87% | |
| Feb 02, 2023 | Wells Fargo | $82.00 | $84.56 | -3.03% | -12.36% | |
| Jan 05, 2023 | Wells Fargo | $71.00 | $80.25 | -11.53% | -24.11% | |
| Jul 04, 2022 | Miguel Borrega | BNP Paribas | $80.00 | $71.90 | 11.27% | -14.49% |
| May 04, 2022 | RBC Capital | $98.00 | $73.32 | 33.66% | 4.75% | |
| Apr 26, 2022 | Cowen & Co. | $85.00 | $72.31 | 17.56% | -9.15% | |
| Apr 26, 2022 | Barclays | $80.00 | $73.75 | 8.47% | -14.49% | |
| Apr 26, 2022 | Credit Suisse | $81.00 | $74.60 | 8.58% | -13.42% |
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 3.68% increase from OTIS last price ($93.56).
Otis Worldwide Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 6 |
| Avg Price Target | - | - | $101.83 |
| Last Closing Price | $93.56 | $93.56 | $93.56 |
| Upside/Downside | -100.00% | -100.00% | 8.84% |
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 $93.56. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Dec 05, 2024 | Barclays | Equal-Weight | Underweight | Downgrade |
| 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 | |
| Jan 05, 2023 | Wells Fargo | Underweight | Underweight | Hold |
| Dec 01, 2022 | Barclays | Overweight | Equal-Weight | Downgrade |
| Jul 04, 2022 | Exane BNP Paribas | Neutral | Downgrade | |
| May 24, 2022 | Barclays | Equal-Weight | Overweight | Upgrade |
| Apr 26, 2022 | Cowen & Co. | Outperform | Outperform | Hold |
| Apr 26, 2022 | Barclays | Equal-Weight | Equal-Weight | Hold |
| Apr 26, 2022 | Credit Suisse | Neutral | Neutral | Hold |
Otis Worldwide's last stock rating was published by Barclays on Dec 05, 2024. The company Downgrade its OTIS rating from "Equal-Weight" to "Underweight".
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 | $3.71B | $3.63B | $3.67B | $3.49B | $3.67B | $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 | $3.75B | $3.73B | $3.71B | $3.69B | $3.73B | $3.65B | $3.69B | $3.50B | $3.69B | $3.59B | $3.74B | $3.46B | $3.59B | $3.60B | $3.62B | $3.29B | $3.38B | $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 | $3.67B | $3.59B | $3.63B | $3.46B | $3.63B | $3.59B | $3.74B | $3.46B | $3.53B | $3.50B | $3.56B | $3.23B | $3.32B | $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 | $591.36M | $588.13M | $584.91M | $581.71M | $587.95M | $575.10M | $582.40M | $553.29M | $581.46M | $569.56M | $592.72M | $531.71M | $565.69M | $560.89M | $570.16M | $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 | $595.21M | $591.95M | $588.71M | $585.49M | $591.77M | $578.84M | $586.18M | $554.86M | $584.64M | $569.62M | $592.72M | $638.06M | $569.37M | $571.64M | $573.87M | $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 | $585.08M | $581.88M | $578.70M | $575.53M | $581.71M | $568.99M | $576.21M | $548.56M | $576.68M | $569.50M | $592.72M | $425.37M | $559.68M | $554.51M | $564.10M | $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 | $426.74M | $423.04M | $423.95M | $383.40M | $384.14M | $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 | $465.47M | $472.99M | $481.64M | $420.64M | $430.35M | $426.61M | $427.53M | $387.27M | $388.14M | $391.32M | $412.30M | $433.27M | $348.57M | $357.35M | $350.41M | $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 | $455.20M | $462.55M | $471.01M | $411.35M | $420.85M | $417.19M | $418.10M | $375.65M | $380.13M | $390.05M | $412.18M | $288.84M | $340.88M | $348.41M | $342.67M | $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 | $508.81M | $497.69M | $504.01M | $478.81M | $503.19M | $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 | $515.09M | $512.27M | $509.47M | $506.68M | $512.12M | $500.93M | $507.28M | $480.18M | $505.95M | $492.95M | $512.94M | $639.45M | $492.73M | $494.69M | $496.62M | $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 | $506.33M | $503.56M | $500.80M | $498.06M | $503.41M | $492.40M | $498.65M | $474.72M | $499.06M | $492.85M | $512.94M | $426.30M | $484.35M | $479.87M | $488.17M | $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 | $1.06 | $1.05 | $1.05 | $0.95 | $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 | $1.17 | $1.20 | $1.04 | $1.07 | $1.06 | $1.06 | $0.96 | $0.96 | $0.97 | $1.02 | $0.87 | $0.87 | $0.89 | $0.87 | $0.76 | $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 | $1.04 | $1.04 | $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 | $70.81 | $85.80 | 21.17% | Buy |
| DOV | Dover | $196.54 | $212.63 | 8.19% | Buy |
| EMR | Emerson Electric | $128.08 | $136.75 | 6.77% | Buy |
| ETN | Eaton | $347.08 | $370.00 | 6.60% | Buy |
| IEX | IDEX | $222.19 | $232.00 | 4.42% | Buy |
| PH | Parker-Hannifin | $665.99 | $690.33 | 3.65% | Buy |
| IR | Ingersoll Rand | $97.55 | $101.00 | 3.54% | Buy |
| PNR | Pentair | $105.49 | $107.80 | 2.19% | Buy |
| FLS | Flowserve | $59.83 | $60.20 | 0.62% | Buy |
| OTIS | Otis Worldwide | $96.34 | $96.00 | -0.35% | Hold |
| ITW | Illinois Tool Works | $267.88 | $255.67 | -4.56% | Hold |