Otis Worldwide Corporation (OTIS)
NYSE: OTIS · IEX Real-Time Price · USD
96.29
+1.18 (1.24%)
Apr 22, 2024, 4:00 PM EDT - Market closed
Otis Worldwide Stock Forecast
Stock Price Forecast
The 8 analysts with 12-month price forecasts for Otis Worldwide stock have an average target of 92.5, with a low estimate of 81 and a high estimate of 102. The average target predicts a decrease of -3.94% from the current stock price of 96.29.
Analyst Consensus: Hold
Analyst Ratings
The average analyst rating for Otis Worldwide stock from 9 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 1 | 1 | 1 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 9 | 7 | 8 | 7 | 7 | 7 |
| Sell | 1 | 1 | 1 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 11 | 9 | 10 | 9 | 9 | 9 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Barclays | Barclays | Hold Maintains $85 → $90 | Hold | Maintains | $85 → $90 | -6.53% | Apr 2, 2024 |
| Argus Research | Argus Research | Hold → Strong Buy Upgrades $102 | Hold → Strong Buy | Upgrades | $102 | +5.93% | Feb 22, 2024 |
| UBS | UBS | Hold Maintains $87 → $95 | Hold | Maintains | $87 → $95 | -1.34% | Feb 16, 2024 |
| RBC Capital | RBC Capital | Buy Reiterates $100 | Buy | Reiterates | $100 | +3.85% | Feb 5, 2024 |
| Wells Fargo | Wells Fargo | Hold Maintains $97 → $95 | Hold | Maintains | $97 → $95 | -1.34% | Feb 1, 2024 |
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%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 15.5B | 16.2B | 17.0B | 17.5B | 17.9B |
| Avg | 15.0B | 15.6B | 16.1B | 16.9B | 17.4B |
| Low | 14.3B | 14.6B | 14.8B | 16.2B | 16.7B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 9.1% | 8.3% | 9.1% | 8.7% | 5.9% |
| Avg | 5.6% | 3.7% | 3.7% | 4.9% | 2.9% |
| Low | 0.9% | -2.5% | -4.7% | 0.2% | -1.1% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 4.20 | 4.58 | 5.08 | 5.48 | 5.92 |
| Avg | 3.94 | 4.33 | 4.74 | 5.28 | 5.75 |
| Low | 3.63 | 4.04 | 4.38 | 5.03 | 5.53 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 23.9% | 16.3% | 17.5% | 15.6% | 12.2% |
| Avg | 16.2% | 9.8% | 9.6% | 11.3% | 9.0% |
| Low | 7.0% | 2.5% | 1.3% | 6.0% | 4.7% |
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.