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 1.43% upside from OTIS’s last price of $94.65) and a rating consensus of 'Sell', 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 $100.00 to $91.00. This represents a potential 1.43% upside from OTIS's last price of $94.65.
OTIS Analyst Ratings
According to 6 Wall Street analysts, Otis Worldwide's rating consensus is 'Sell'. The analyst rating breakdown for OTIS stock is 0 'Strong Buy' (0.00%), 1 'Buy' (16.67%), 2 'Hold' (33.33%), 3 'Sell' (50.00%), 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 |
|---|---|---|---|---|---|---|
| Jan 08, 2025 | Julian Mitchell | Barclays | $91.00 | $92.12 | -1.22% | -3.86% |
| Jan 07, 2025 | Joseph O'Dea | Wells Fargo | $100.00 | $92.12 | 8.55% | 5.65% |
| Sep 06, 2024 | Chris Snyder | Morgan Stanley | $97.00 | $92.43 | 4.94% | 2.48% |
| Jul 25, 2024 | Joseph O'Dea | Wells Fargo | $95.00 | $91.43 | 3.90% | 0.37% |
| May 13, 2024 | John Eade | Argus Research | $108.00 | $96.21 | 12.25% | 14.10% |
| Apr 02, 2024 | Rob Wertheimer | Melius Research | $119.00 | $98.57 | 20.73% | 25.73% |
| Apr 02, 2024 | Julian Mitchell | Barclays | $90.00 | $98.57 | -8.69% | -4.91% |
| Feb 22, 2024 | John Eade | Argus Research | $102.00 | $92.41 | 10.38% | 7.77% |
| Feb 02, 2023 | Cowen & Co. | $95.00 | $84.86 | 11.94% | 0.37% | |
| Feb 02, 2023 | Barclays | $81.00 | $84.56 | -4.21% | -14.42% | |
| Feb 02, 2023 | Morgan Stanley | $89.00 | $84.56 | 5.25% | -5.97% | |
| Feb 02, 2023 | Wells Fargo | $82.00 | $84.56 | -3.03% | -13.37% | |
| Jan 05, 2023 | Wells Fargo | $71.00 | $80.25 | -11.53% | -24.99% | |
| Jul 04, 2022 | Miguel Borrega | BNP Paribas | $80.00 | $71.90 | 11.27% | -15.48% |
| May 04, 2022 | RBC Capital | $98.00 | $73.32 | 33.66% | 3.54% | |
| Apr 26, 2022 | Cowen & Co. | $85.00 | $72.31 | 17.56% | -10.20% | |
| Apr 26, 2022 | Barclays | $80.00 | $73.75 | 8.47% | -15.48% | |
| Apr 26, 2022 | Credit Suisse | $81.00 | $74.60 | 8.58% | -14.42% |
The latest Otis Worldwide stock forecast, released on Jan 08, 2025 by Julian Mitchell from Barclays, set a price target of $91.00, which represents a -1.22% decrease from the stock price at the time of the forecast ($92.12), and a -3.86% decrease from OTIS last price ($94.65).
Otis Worldwide Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 2 | 2 | 8 |
| Avg Price Target | $95.50 | $95.50 | $100.25 |
| Last Closing Price | $94.65 | $94.65 | $94.65 |
| Upside/Downside | 0.90% | 0.90% | 5.92% |
In the current month, the average price target of Otis Worldwide stock is $95.50, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a 0.90% increase as opposed to Otis Worldwide's last price of $94.65. This month's average price target is down 0.00% compared to last quarter, and down -4.74% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Jan 08, 2025 | Barclays | Underweight | Underweight | Hold |
| Jan 07, 2025 | Wells Fargo | Negative | Negative | Hold |
| 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 Jan 08, 2025. The company gave OTIS a "Underweight" rating, the same as its previous rate.
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 | $3.65B | $3.53B | $3.60B | $3.40B | $3.64B | $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 | $3.79B | $3.77B | $3.74B | $3.72B | $3.70B | $3.59B | $3.66B | $3.49B | $3.66B | $3.59B | $3.74B | $3.46B | $3.62B | $3.60B | $3.65B | $3.32B | $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 | $3.61B | $3.50B | $3.56B | $3.36B | $3.62B | $3.59B | $3.74B | $3.46B | $3.53B | $3.50B | $3.56B | $3.24B | $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 | 5 | 4 | 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 | 5 | 4 | 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 | $578.28M | $560.11M | $570.98M | $540.20M | $577.73M | $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 | $600.62M | $597.34M | $594.07M | $590.82M | $587.33M | $568.88M | $579.92M | $554.37M | $580.90M | $569.62M | $592.72M | $638.06M | $574.55M | $571.64M | $579.09M | $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 | $585.57M | $582.36M | $579.18M | $576.01M | $572.61M | $554.62M | $565.38M | $532.32M | $574.57M | $569.50M | $592.72M | $425.37M | $560.15M | $554.51M | $564.57M | $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 | 5 | 4 | 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 | $452.27M | $451.47M | $464.80M | $403.59M | $422.73M | $412.47M | $418.30M | $369.88M | $385.24M | $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 | $461.48M | $460.66M | $474.26M | $411.80M | $431.34M | $420.86M | $426.82M | $385.29M | $393.35M | $391.32M | $412.30M | $433.27M | $352.69M | $357.35M | $354.55M | $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 | $446.51M | $445.71M | $458.87M | $398.44M | $417.35M | $407.21M | $412.97M | $354.47M | $381.18M | $390.05M | $412.18M | $288.84M | $341.25M | $348.79M | $343.04M | $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 | 5 | 4 | 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 | $500.44M | $484.72M | $494.12M | $467.49M | $499.97M | $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 | $519.77M | $516.93M | $514.11M | $511.29M | $508.27M | $492.31M | $501.86M | $479.75M | $502.71M | $492.95M | $512.94M | $639.45M | $497.21M | $494.69M | $501.14M | $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 | $506.75M | $503.98M | $501.22M | $498.48M | $495.53M | $479.97M | $489.28M | $460.67M | $497.23M | $492.85M | $512.94M | $426.30M | $484.75M | $479.87M | $488.58M | $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 | 5 | 4 | 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 | $1.12 | $1.12 | $1.15 | $1.00 | $1.05 | $1.02 | $1.04 | $0.92 | $0.96 | $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 | $1.15 | $1.14 | $1.18 | $1.02 | $1.07 | $1.05 | $1.06 | $0.96 | $0.98 | $0.97 | $1.02 | $0.87 | $0.88 | $0.89 | $0.88 | $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 | $1.11 | $1.11 | $1.14 | $0.99 | $1.04 | $1.01 | $1.03 | $0.88 | $0.95 | $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 | $69.22 | $83.80 | 21.06% | Buy |
| GGG | Graco | $82.39 | $97.00 | 17.73% | Buy |
| IR | Ingersoll Rand | $91.20 | $104.50 | 14.58% | Buy |
| ETN | Eaton | $317.60 | $363.00 | 14.29% | Buy |
| PNR | Pentair | $101.65 | $112.63 | 10.80% | Buy |
| DOV | Dover | $197.36 | $212.71 | 7.78% | Buy |
| EMR | Emerson Electric | $128.85 | $137.11 | 6.41% | Buy |
| PH | Parker-Hannifin | $665.81 | $707.00 | 6.19% | Buy |
| IEX | IDEX | $218.88 | $232.00 | 5.99% | Buy |
| ITW | Illinois Tool Works | $256.38 | $260.33 | 1.54% | Hold |
| OTIS | Otis Worldwide | $94.65 | $96.00 | 1.43% | Sell |
| FLS | Flowserve | $61.43 | $60.75 | -1.11% | Buy |