Otis Worldwide Corporation (OTIS)
NYSE: OTIS · IEX Real-Time Price · USD
97.13
-1.57 (-1.59%)
May 23, 2024, 4:00 PM EDT - Market closed

Otis Worldwide Stock Forecast

Stock Price Forecast

The 7 analysts with 12-month price forecasts for Otis Worldwide stock have an average target of 98.29, with a low estimate of 90 and a high estimate of 108. The average target predicts an increase of 1.19% from the current stock price of 97.13.

Analyst Consensus: Hold
Target Low Average Median High
Price $90 $98.29 $98 $108
Change -7.34% +1.19% +0.90% +11.19%

Analyst Ratings

The average analyst rating for Otis Worldwide stock from 8 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating Dec '23Jan '24Feb '24Mar '24Apr '24May '24
Strong Buy 001111
Buy 111111
Hold 787766
Sell 110000
Strong Sell 000000
Total 9109988

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Argus Research
Argus Research
Strong Buy
Maintains
$102$108
Strong Buy Maintains $102$108 +11.19% May 13, 2024
JP Morgan
JP Morgan
Hold
Maintains
$104$105
Hold Maintains $104$105 +8.10% Apr 25, 2024
Wells Fargo
Wells Fargo
Hold
Maintains
$102$98
Hold Maintains $102$98 +0.90% Apr 25, 2024
Barclays
Barclays
Hold
Maintains
$85$90
Hold Maintains $85$90 -7.34% Apr 2, 2024
Argus Research
Argus Research
Strong Buy
Upgrades
$102
Strong Buy Upgrades $102 +5.01% Feb 22, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
15.00B
from 14.21B
Increased by 5.59%
Revenue Next Year
15.56B
from 15.00B
Increased by 3.68%
EPS This Year
3.94
from 3.39
Increased by 16.23%
EPS Next Year
4.33
from 3.94
Increased by 9.80%
Year 2019202020212022202320242025202620272028
Revenue
13.12B12.76B14.30B13.69B14.21B15.00B15.56B16.13B16.37B16.95B
Revenue Growth
1.57%-2.76%12.09%-4.29%3.83%5.59%3.68%3.72%1.43%3.58%
EPS
2.552.082.892.963.393.944.334.744.945.34
EPS Growth
5.37%-18.43%38.94%2.42%14.53%16.23%9.80%9.58%4.24%8.05%
No. Analysts -----15131044
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025202620272028
High 15.5B 16.2B 17.0B 17.6B 18.2B
Avg 15.0B 15.6B 16.1B 16.4B 17.0B
Low 14.3B 14.6B 14.8B 14.8B 15.3B

Revenue Growth

Revenue Growth 20242025202620272028
High
9.1%
8.3%
9.1%
8.9%
11.1%
Avg
5.6%
3.7%
3.7%
1.4%
3.6%
Low
0.9%
-2.5%
-4.7%
-8.0%
-6.7%

EPS Forecast

EPS 20242025202620272028
High 4.20 4.58 5.08 5.11 5.53
Avg 3.94 4.33 4.74 4.94 5.34
Low 3.63 4.04 4.38 4.72 5.10

EPS Growth

EPS Growth 20242025202620272028
High
23.9%
16.3%
17.5%
7.9%
12.0%
Avg
16.2%
9.8%
9.6%
4.2%
8.0%
Low
7.0%
2.5%
1.3%
-0.4%
3.1%
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.