Illinois Tool Works Inc. (ITW)

Illinois Tool Works Stock Forecast

Stock Price Forecast

The 11 analysts that cover Illinois Tool Works stock have a consensus rating of "Hold" and an average price target of $263.45, which forecasts a -2.79% decrease in the stock price over the next year. The lowest target is $230 and the highest is $303.

Price Target: $263.45 (-2.79%)

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$230	$263.45	$255	$303
Change	-15.13%	-2.79%	-5.90%	+11.81%

Analyst Ratings

The average analyst rating for Illinois Tool Works stock is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Nov '25	Dec '25	Jan '26	Feb '26	Mar '26	Apr '26
Strong Buy	0	0	0	0	0	0
Buy	1	1	1	0	0	1
Hold	7	6	6	6	6	6
Sell	3	3	3	3	3	3
Strong Sell	0	1	1	1	1	1
Total	11	11	11	10	10	11

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Tami Zakaria JP Morgan	JP Morgan	Buy Maintains $327 → $303	Buy	Maintains	$327 → $303	+11.81%	Apr 10, 2026
Julian Mitchell Barclays	Barclays	Sell Maintains $275 → $250	Sell	Maintains	$275 → $250	-7.75%	Apr 1, 2026
Joseph O'Dea Wells Fargo	Wells Fargo	Sell Maintains $270 → $245	Sell	Maintains	$270 → $245	-9.59%	Apr 1, 2026
David Raso Evercore ISI Group	Evercore ISI Group	Sell Maintains $253 → $296	Sell	Maintains	$253 → $296	+9.23%	Feb 23, 2026
Julian Mitchell Barclays	Barclays	Sell Maintains $244 → $275	Sell	Maintains	$244 → $275	+1.48%	Feb 9, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

16.72B

Increased by 4.24%

from 16.04B

Revenue Next Year

17.30B

Increased by 3.44%

from 16.72B

EPS This Year

11.37

Increased by 8.39%

from 10.49

EPS Next Year

12.23

Increased by 7.52%

from 11.37

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	14.46B	15.93B	16.11B	15.90B	16.04B	16.72B	17.30B
Revenue Growth	14.96%	10.22%	1.10%	-1.30%	0.92%	4.24%	3.44%
EPS	8.51	9.77	9.74	11.71	10.49	11.37	12.23
EPS Growth	28.36%	14.81%	-0.31%	20.23%	-10.42%	8.39%	7.52%
Forward PE	-	-	-	-	-	23.83	22.17
No. Analysts	-	-	-	-	-	21	19

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2026	2027	2028	2029	2030
High	17.6B	18.2B
Avg	16.7B	17.3B
Low	16.1B	16.5B

Revenue Growth

Revenue Growth	2026	2027	2028	2029	2030
High	9.4%	8.9%
Avg	4.2%	3.4%
Low	0.2%	-1.2%

EPS Forecast

EPS	2026	2027	2028	2029	2030
High	12.39	13.39
Avg	11.37	12.23
Low	10.88	11.61

EPS Growth

EPS Growth	2026	2027	2028	2029	2030
High	18.1%	17.7%
Avg	8.4%	7.5%
Low	3.7%	2.1%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.