Otis Worldwide (OTIS) Stock Forecast & Price Target

$93.56 +0.69 (+0.74%)

(As of 12/20/2024 05:31 PM ET)

Otis Worldwide - Analysts' Recommendations and Stock Price Forecast (2025)

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
2

Hold
6

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, 2 have given a sell rating, 6 have given a hold rating, and 2 have given a buy rating for OTIS.

Consensus Price Target

$104.50
11.69% Upside

According to the 10 analysts' twelve-month price targets for Otis Worldwide, the average price target is $104.50. 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 11.69% from the current price of $93.56.

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OTIS Analyst Ratings Over Time

Type	Current Forecast 12/23/23 to 12/22/24	1 Month Ago 11/23/23 to 11/22/24	3 Months Ago 9/24/23 to 9/23/24	1 Year Ago 12/23/22 to 12/23/23
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	6 Hold rating(s)	8 Hold rating(s)	7 Hold rating(s)	5 Hold rating(s)
Sell	2 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$104.50	$104.57	$100.00	$90.43
Forecasted Upside	11.69% Upside	3.33% Upside	3.90% Upside	1.48% 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	2.00	2.61	2.51
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	11.69% Upside	22.00% Upside	14.52% 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
12/12/2024	Wolfe Research 3 of 5 stars	N. Coe Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Peer Perform ➝ Underperform	$104.00	+5.09%
12/5/2024	Barclays 3 of 5 stars	J. Mitchell Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Equal Weight ➝ Underweight	$94.00 ➝ $94.00	-7.07%
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 Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$108.00 ➝ $105.00	+6.92%
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%
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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 Sunday at 05:31 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 Friday, December 13, 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 strong consensus rating of "Hold" from analysts, indicating a stable outlook for the stock, which can provide a sense of security for investors.
The current stock price is $102.98, which is close to the average target price of $104.57 set by analysts, suggesting potential for price appreciation.
The company recently declared a quarterly dividend of $0.39 per share, translating to an annualized dividend of $1.56, which offers a yield of approximately 1.51%. This can provide a steady income stream for investors.
Otis Worldwide Co. reported a year-over-year revenue increase of 0.7%, demonstrating its ability to grow even in challenging market conditions, which can be a positive indicator for long-term investment.
With a market capitalization of $41.14 billion and a P/E ratio of 25.68, the company is positioned as a significant player in the elevator and escalator industry, which can attract institutional investors.

Otis Worldwide
Bear Case

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

Insider selling activity, such as the recent sale of 9,000 shares by EVP Abbe Luersman, may raise concerns about the company's future prospects and could indicate a lack of confidence from executives.
The company reported earnings per share of $0.96, which missed the consensus estimate of $0.97 by $0.01, suggesting that it may not be meeting market expectations.
Otis Worldwide Co. has a negative return on equity of 31.28%, which indicates that the company is not generating profit effectively from its equity, potentially deterring investors looking for strong financial performance.
The stock has experienced fluctuations, with a 52-week low of $83.99, which may indicate volatility and risk for potential investors.
With a beta of 1.04, the stock is slightly more volatile than the market, which could lead to greater risk during market downturns, making it less attractive for risk-averse investors.

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 $104.50, with a high forecast of $113.00 and a low forecast of $94.00.
: 10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Otis Worldwide in the last twelve months. There are currently 2 sell ratings, 6 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research 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 11.69% based on their 12-month stock forecasts.
: Over the previous 90 days, Otis Worldwide's stock had 3 downgrades by analysts.
: Otis Worldwide has been rated by research analysts at Barclays, 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 12/22/2024 by MarketBeat.com Staff

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Otis Worldwide (OTIS) Stock Forecast & Price Target