Illinois Tool Works Inc. (ITW)

Illinois Tool Works Stock Forecast

Stock Price Forecast

The 10 analysts that cover Illinois Tool Works stock have a consensus rating of "Sell" and an average price target of $259.8, which forecasts a -11.94% decrease in the stock price over the next year. The lowest target is $230 and the highest is $284.

Price Target: $259.8 (-11.94%)

Analyst Consensus: Sell

Target	Low	Average	Median	High
Price	$230	$259.8	$261	$284
Change	-22.04%	-11.94%	-11.53%	-3.74%

Analyst Ratings

The average analyst rating for Illinois Tool Works stock is "Sell". This means that analysts believe this stock is likely to lead to lower returns than market as a whole.

Recommendation Trends

Rating	Sep '25	Oct '25	Nov '25	Dec '25	Jan '26	Feb '26
Strong Buy	1	0	0	0	0	0
Buy	1	1	1	1	1	0
Hold	5	6	7	6	6	6
Sell	3	3	3	3	3	3
Strong Sell	0	0	0	1	1	1
Total	10	10	11	11	11	10

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Julian Mitchell Barclays	Barclays	Sell Maintains $244 → $275	Sell	Maintains	$244 → $275	-6.79%	Feb 9, 2026
Andrew Kaplowitz Citigroup	Citigroup	Hold Maintains $271 → $284	Hold	Maintains	$271 → $284	-3.74%	Feb 4, 2026
Joseph O'Dea Wells Fargo	Wells Fargo	Sell Maintains $250 → $270	Sell	Maintains	$250 → $270	-8.48%	Feb 4, 2026
Joseph O'Dea Wells Fargo	Wells Fargo	Sell Maintains $245 → $250	Sell	Maintains	$245 → $250	-15.26%	Jan 7, 2026
Joe Ritchie Goldman Sachs	Goldman Sachs	Hold → Strong Sell Downgrades $258 → $230	Hold → Strong Sell	Downgrades	$258 → $230	-22.04%	Dec 16, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

16.72B

Increased by 4.21%

from 16.04B

Revenue Next Year

17.29B

Increased by 3.38%

from 16.72B

EPS This Year

11.37

Increased by 8.41%

from 10.49

EPS Next Year

12.19

Increased by 7.20%

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	17.29B
Revenue Growth	14.96%	10.22%	1.10%	-1.30%	0.92%	4.21%	3.38%
EPS	8.51	9.77	9.74	11.71	10.49	11.37	12.19
EPS Growth	28.36%	14.81%	-0.31%	20.23%	-10.42%	8.41%	7.20%
Forward PE	-	-	-	-	-	25.94	24.20
No. Analysts	-	-	-	-	-	21	15

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

Revenue Forecast

Revenue	2026	2027	2028	2029
High	17.7B	18.5B
Avg	16.7B	17.3B
Low	16.0B	16.4B

Revenue Growth

Revenue Growth	2026	2027	2028	2029
High	10.1%	10.6%
Avg	4.2%	3.4%
Low	-0.5%	-1.6%

EPS Forecast

EPS	2026	2027	2028	2029
High	12.80	13.82
Avg	11.37	12.19
Low	10.73	11.42

EPS Growth

EPS Growth	2026	2027	2028	2029
High	22.0%	21.5%
Avg	8.4%	7.2%
Low	2.3%	0.4%

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.