Otis Worldwide Corporation (OTIS)
NYSE: OTIS · IEX Real-Time Price · USD
97.08
+0.29 (0.30%)
May 20, 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 1.25% from the current stock price of 97.08.
Analyst Consensus: Hold
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 '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 1 | 1 | 1 | 1 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 7 | 8 | 7 | 7 | 6 | 6 |
| Sell | 1 | 1 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 9 | 10 | 9 | 9 | 8 | 8 |
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 | +11.25% | May 13, 2024 |
| JP Morgan | JP Morgan | Hold Maintains $104 → $105 | Hold | Maintains | $104 → $105 | +8.16% | Apr 25, 2024 |
| Wells Fargo | Wells Fargo | Hold Maintains $102 → $98 | Hold | Maintains | $102 → $98 | +0.95% | Apr 25, 2024 |
| Barclays | Barclays | Hold Maintains $85 → $90 | Hold | Maintains | $85 → $90 | -7.29% | Apr 2, 2024 |
| Argus Research | Argus Research | Hold → Strong Buy Upgrades $102 | Hold → Strong Buy | Upgrades | $102 | +5.07% | Feb 22, 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 | 17.6B | 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 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| 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 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| 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 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| 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.