Otis Worldwide (OTIS) Stock Forecast & Price Target

$99.67 -0.61 (-0.61%)

(As of 11/20/2024 ET)

Otis Worldwide - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 10 Analyst Ratings

Sell
0

Hold
8

Buy
2

Based on 10 Wall Street analysts who have issued ratings for Otis Worldwide in the last 12 months, the stock has a consensus rating of "Hold." Out of the 10 analysts, 8 have given a hold rating, and 2 have given a buy rating for OTIS.

Consensus Price Target

$104.57
4.92% Upside

According to the 10 analysts' twelve-month price targets for Otis Worldwide, the average price target is $104.57. The highest price target for OTIS is $113.00, while the lowest price target for OTIS is $94.00. The average price target represents a forecasted upside of 4.92% from the current price of $99.67.

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OTIS Analyst Ratings Over Time

Type	Current Forecast 11/22/23 to 11/21/24	1 Month Ago 10/23/23 to 10/22/24	3 Months Ago 8/24/23 to 8/23/24	1 Year Ago 11/22/22 to 11/22/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	2 Buy rating(s)	2 Buy rating(s)	2 Buy rating(s)	1 Buy rating(s)
Hold	8 Hold rating(s)	8 Hold rating(s)	6 Hold rating(s)	5 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$104.57	$102.71	$98.83	$88.29
Forecasted Upside	4.92% Upside	-0.24% Downside	4.92% Upside	3.94% Upside
Consensus Rating	Hold	Hold	Hold	Hold

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OTIS Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

OTIS Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Otis Worldwide Stock vs. The Competition

Type	Otis Worldwide	Construction Companies	S&P 500
Consensus Rating Score	2.20	2.62	2.50
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	4.92% Upside	11.70% Upside	9.81% Upside
News Sentiment Rating	Positive News See Recent OTIS News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/13/2024	UBS Group 4 of 5 stars		Initiated Coverage	Neutral ➝ Neutral	$97.00 ➝ $113.00	+12.77%
10/31/2024	Wells Fargo & Company 3 of 5 stars		Lower Target	Equal Weight ➝ Equal Weight	$108.00 ➝ $105.00	+6.92%
10/31/2024	Barclays 3 of 5 stars		Lower Target	Equal Weight ➝ Equal Weight	$96.00 ➝ $94.00	-5.24%
10/8/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	N. Coe Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Peer Perform
9/19/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$110.00 ➝ $110.00	+16.07%
9/6/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Equal Weight	$97.00	+4.94%
Get the Latest News and Ratings for OTIS and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Otis Worldwide and its competitors with MarketBeat's FREE daily newsletter.
5/13/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$102.00 ➝ $108.00	+12.01%
4/25/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$104.00 ➝ $105.00	+12.71%
4/2/2024	Melius Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Hold
1/2/2024	Vertical Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold
6/23/2023	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$81.00 ➝ $88.00	+2.24%
2/2/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$90.00 ➝ $95.00	+12.35%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 06:49 AM ET.

Should I Buy Otis Worldwide Stock? OTIS Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, November 4, 2024. Please send any questions or comments about these Otis Worldwide pros and cons to contact@marketbeat.com.

Otis Worldwide
Bull Case

Here are some ways that investors could benefit from investing in Otis Worldwide Co.:

Otis Worldwide Co. has a current stock price of $96.41, which is close to its 52-week high of $100.84, indicating potential for growth.
The company reported earnings per share of $1.06 for the last quarter, beating analyst estimates, showcasing strong financial performance.
With a dividend payout ratio of 45.09%, Otis Worldwide Co. offers a stable dividend yield of 1.58%, providing income to investors.
Analysts have set an average target price of $100.00 for Otis Worldwide Co., suggesting potential upside in the stock price.
Institutional investors hold a significant portion (88.03%) of Otis Worldwide Co.'s stock, indicating confidence in the company's future prospects.

Otis Worldwide
Bear Case

Investors should be bearish about investing in Otis Worldwide Co. for these reasons:

Despite a positive earnings report, Otis Worldwide Co.'s revenue was down 3.2% on a year-over-year basis, signaling potential challenges in revenue growth.

OTIS Forecast - Frequently Asked Questions

: According to the research reports of 10 Wall Street equities research analysts, the average twelve-month stock price forecast for Otis Worldwide is $104.57, with a high forecast of $113.00 and a low forecast of $94.00.
: 10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Otis Worldwide in the last twelve months. There are currently 8 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" OTIS shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in OTIS, but not buy additional shares or sell existing shares.
: According to analysts, Otis Worldwide's stock has a predicted upside of 4.92% based on their 12-month stock forecasts.
: Over the previous 90 days, Otis Worldwide's stock had 1 downgrade by analysts.
: Otis Worldwide has been rated by research analysts at Barclays, Morgan Stanley, Royal Bank of Canada, UBS Group, Wells Fargo & Company, and Wolfe Research in the past 90 days.
: Analysts like Otis Worldwide less than other "construction" companies. The consensus rating for Otis Worldwide is Hold while the average consensus rating for "construction" companies is Moderate Buy. Learn more on how OTIS compares to other companies.

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This page (NYSE:OTIS) was last updated on 11/21/2024 by MarketBeat.com Staff

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Otis Worldwide (OTIS) Stock Forecast & Price Target