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Otis Worldwide - OTIS Stock Price Target and Predictions

  • Consensus Rating: Hold
  • Consensus Price Target: $104.50
  • Forecasted Upside: 11.69%
  • Number of Analysts: 10
  • Breakdown:
  • 2 Sell Ratings
  • 6 Hold Ratings
  • 2 Buy Ratings
  • 0 Strong Buy Ratings
$93.56 As of 12/20/2024 06:31 PM ET
▲ +0.69 (0.74%)

This chart shows the closing price for OTIS by one month, three months, or twelve months.

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Analyst Price Target for OTIS

Analyst Price Target is $104.50
▲ +11.69% Upside Potential
This price target is based on 10 analysts offering 12 month price targets for Otis Worldwide in the last 3 months. The average price target is $104.50, with a high forecast of $113.00 and a low forecast of $94.00. The average price target represents a 11.69% upside from the last price of $93.56.

This chart shows the closing price for OTIS for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Hold

The current consensus among 10 investment analysts is to hold stock in Otis Worldwide. This Hold consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 1 buy ratings
  • 9 hold ratings
  • 0 sell ratings
Ratings as of
6/29/2023
  • 0 strong buy ratings
  • 1 buy ratings
  • 6 hold ratings
  • 0 sell ratings
Ratings as of
9/27/2023
  • 0 strong buy ratings
  • 1 buy ratings
  • 5 hold ratings
  • 0 sell ratings
Ratings as of
12/26/2023
  • 0 strong buy ratings
  • 2 buy ratings
  • 6 hold ratings
  • 0 sell ratings
Ratings as of
3/25/2024
  • 0 strong buy ratings
  • 2 buy ratings
  • 6 hold ratings
  • 0 sell ratings
Ratings as of
6/23/2024
  • 0 strong buy ratings
  • 2 buy ratings
  • 7 hold ratings
  • 0 sell ratings
Ratings as of
9/21/2024
  • 0 strong buy ratings
  • 2 buy ratings
  • 8 hold ratings
  • 0 sell ratings
Ratings as of
11/20/2024
  • 0 strong buy ratings
  • 2 buy ratings
  • 6 hold ratings
  • 2 sell ratings
Ratings as of
12/20/2024

Latest Recommendations

  • 0 strong buy ratings
  • 2 buy ratings
  • 6 hold ratings
  • 2 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
12/12/2024Wolfe ResearchDowngradePeer Perform ➝ Underperform$104.00
12/5/2024BarclaysDowngradeEqual Weight ➝ Underweight$94.00 ➝ $94.00
11/13/2024UBS GroupInitiated CoverageNeutral ➝ Neutral$97.00 ➝ $113.00
10/31/2024Wells Fargo & CompanyLower TargetEqual Weight ➝ Equal Weight$108.00 ➝ $105.00
10/31/2024BarclaysLower TargetEqual Weight ➝ Equal Weight$96.00 ➝ $94.00
10/8/2024Wolfe ResearchDowngradeOutperform ➝ Peer Perform
10/7/2024Wells Fargo & CompanyBoost TargetEqual Weight ➝ Equal Weight$95.00 ➝ $108.00
10/2/2024BarclaysBoost TargetEqual Weight ➝ Equal Weight$90.00 ➝ $96.00
9/19/2024Royal Bank of CanadaReiterated RatingOutperform ➝ Outperform$110.00 ➝ $110.00
9/6/2024Morgan StanleyInitiated CoverageEqual Weight$97.00
7/25/2024Wells Fargo & CompanyLower TargetEqual Weight ➝ Equal Weight$100.00 ➝ $95.00
7/10/2024Wells Fargo & CompanyBoost TargetEqual Weight ➝ Equal Weight$98.00 ➝ $100.00
5/13/2024ArgusBoost TargetBuy ➝ Buy$102.00 ➝ $108.00
4/25/2024JPMorgan Chase & Co.Boost TargetNeutral ➝ Neutral$104.00 ➝ $105.00
4/25/2024Wells Fargo & CompanyLower TargetEqual Weight ➝ Equal Weight$102.00 ➝ $98.00
4/2/2024BarclaysBoost TargetEqual Weight ➝ Equal Weight$85.00 ➝ $90.00
4/2/2024MeliusInitiated CoverageHold
2/22/2024ArgusUpgradeHold ➝ Buy$102.00
2/16/2024UBS GroupBoost TargetNeutral ➝ Neutral$87.00 ➝ $95.00
2/5/2024Royal Bank of CanadaReiterated RatingOutperform ➝ Outperform$100.00
2/1/2024Wells Fargo & CompanyLower TargetEqual Weight ➝ Equal Weight$97.00 ➝ $95.00
1/2/2024Vertical ResearchDowngradeBuy ➝ Hold
12/19/2023Wells Fargo & CompanyBoost TargetEqual Weight ➝ Equal Weight$82.00 ➝ $97.00
10/9/2023Wells Fargo & CompanyLower Target$92.00 ➝ $82.00
10/3/2023UBS GroupInitiated CoverageNeutral$87.00
9/7/2023BarclaysLower Target$80.00 ➝ $76.00
7/28/2023Royal Bank of CanadaBoost Target$96.00 ➝ $100.00
7/10/2023Wells Fargo & CompanyBoost Target$88.00 ➝ $90.00
7/10/2023BarclaysBoost Target$79.00 ➝ $80.00
6/23/2023HSBCBoost Target$81.00 ➝ $88.00
5/1/2023Wells Fargo & CompanyUpgradeUnderweight ➝ Equal Weight$75.00 ➝ $88.00
4/19/2023Morgan StanleyBoost TargetEqual Weight$89.00 ➝ $90.00
4/19/2023HSBCBoost TargetHold$72.00 ➝ $81.00
4/13/2023Wells Fargo & CompanyLower TargetUnderweight$82.00 ➝ $75.00
4/6/2023BarclaysLower TargetEqual Weight$81.00 ➝ $79.00
2/2/2023BarclaysBoost TargetEqual Weight$80.00 ➝ $81.00
2/2/2023Morgan StanleyBoost TargetEqual Weight$84.00 ➝ $89.00
2/2/2023CowenBoost TargetOutperform$90.00 ➝ $95.00
2/2/2023Wells Fargo & CompanyBoost TargetUnderweight$76.00 ➝ $82.00
1/19/2023Wells Fargo & CompanyBoost TargetUnderweight$71.00 ➝ $76.00
1/6/2023Morgan StanleyInitiated CoverageEqual Weight$84.00
1/5/2023Wells Fargo & CompanyBoost TargetUnderweight$65.00 ➝ $71.00
12/1/2022BarclaysDowngradeOverweight ➝ Equal Weight$80.00
11/7/2022ArgusDowngradeBuy ➝ Hold
10/27/2022Credit Suisse GroupBoost TargetNeutral$73.00 ➝ $76.00
10/27/2022Wells Fargo & CompanyLower TargetUnderweight$70.00 ➝ $65.00
10/3/2022BarclaysLower TargetOverweight$83.00 ➝ $80.00
7/28/2022Wells Fargo & CompanyBoost TargetUnderweight$67.00 ➝ $70.00
7/28/2022Credit Suisse GroupBoost TargetNeutral$79.00 ➝ $80.00
7/19/2022Credit Suisse GroupSet Target$79.00
7/12/2022Wells Fargo & CompanyLower Target$69.00 ➝ $67.00
7/8/2022BarclaysLower TargetOverweight$82.00 ➝ $80.00
7/7/2022JPMorgan Chase & Co.DowngradeOverweight ➝ Neutral$100.00 ➝ $62.00
7/5/2022BNP ParibasDowngradeOutperform ➝ Neutral$95.00 ➝ $80.00
7/5/2022Exane BNP ParibasDowngradeOutperform ➝ Neutral$95.00 ➝ $80.00
6/29/2022Wells Fargo & CompanyLower TargetUnderweight$73.00 ➝ $69.00
6/22/2022Berenberg BankLower TargetBuy$88.00 ➝ $80.00
5/24/2022BarclaysUpgradeEqual Weight ➝ Overweight$82.00
4/26/2022CowenLower TargetOutperform$91.00 ➝ $85.00
4/26/2022CowenLower TargetOutperform$91.00 ➝ $85.00
4/26/2022BarclaysLower TargetEqual Weight$88.00 ➝ $80.00
4/26/2022Credit Suisse GroupLower TargetNeutral$88.00 ➝ $81.00
10/26/2021Credit Suisse GroupBoost TargetNeutral$90.00 ➝ $92.00
10/26/2021BarclaysLower TargetEqual Weight$89.00 ➝ $88.00
10/8/2021Vertical ResearchInitiated CoverageSell$72.00
10/7/2021Wells Fargo & CompanyInitiated CoverageUnderweight$72.00
10/4/2021BarclaysBoost TargetEqual Weight$86.00 ➝ $89.00
7/27/2021Credit Suisse GroupBoost TargetNeutral$84.00 ➝ $91.00
7/27/2021ArgusReiterated RatingBuy$84.00 ➝ $88.44
7/27/2021CowenReiterated RatingOutperform$90.00 ➝ $88.44
7/27/2021BarclaysBoost TargetEqual Weight$78.00 ➝ $86.00
7/8/2021BarclaysBoost TargetEqual Weight$76.00 ➝ $78.00
7/6/2021Royal Bank of CanadaInitiated CoverageOutperform$95.00
4/27/2021Credit Suisse GroupBoost TargetNeutral$72.00 ➝ $77.00
4/27/2021BarclaysBoost TargetEqual Weight$66.00 ➝ $76.00
4/6/2021BarclaysBoost TargetEqual Weight$62.00 ➝ $66.00
3/29/2021HSBCUpgradeReduce ➝ Hold$65.00
3/16/2021Berenberg BankInitiated CoverageBuy$85.00
3/3/2021CowenBoost Target$75.00 ➝ $77.00
2/4/2021CowenReiterated RatingBuy$75.00
2/2/2021Credit Suisse GroupBoost TargetNeutral$68.00 ➝ $72.00
12/4/2020CowenReiterated RatingBuy$75.00
10/27/2020Credit Suisse GroupBoost TargetNeutral$66.00 ➝ $70.00
10/7/2020JPMorgan Chase & Co.Boost TargetOverweight$75.00 ➝ $79.00
9/24/2020Wolfe ResearchUpgradePeer Perform ➝ Outperform
7/29/2020Credit Suisse GroupBoost TargetNeutral$55.00 ➝ $66.00
6/29/2020HSBCInitiated CoverageReduce$44.00
6/18/2020ArgusInitiated CoverageBuy$72.00
6/15/2020CowenReiterated RatingBuy$64.00
5/22/2020CowenInitiated CoverageOutperform$64.00
5/21/2020Credit Suisse GroupInitiated CoverageHold$55.00
5/14/2020Credit Suisse GroupInitiated CoverageNeutral$55.00
5/12/2020JPMorgan Chase & Co.Boost TargetOverweight$53.00 ➝ $60.00
5/8/2020William BlairInitiated CoverageMarket Perform
5/8/2020BarclaysReiterated RatingHold
4/15/2020BarclaysInitiated CoverageEqual Weight$52.00
4/14/2020Atlantic SecuritiesInitiated CoverageOverweight
4/9/2020JPMorgan Chase & Co.Initiated CoverageOverweight$53.00
4/6/2020Vertical ResearchInitiated CoverageBuy$53.00
4/3/2020Wolfe ResearchInitiated CoverageMarket Perform
(Data available from 12/21/2019 forward)

News Sentiment Rating

1.40 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 30 very positive mentions
  • 35 positive mentions
  • 7 negative mentions
  • 2 very negative mentions
Mentions as of
5/25/2024
  • 20 very positive mentions
  • 2 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
6/24/2024
  • 23 very positive mentions
  • 12 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
7/24/2024
  • 17 very positive mentions
  • 36 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
8/23/2024
  • 29 very positive mentions
  • 13 positive mentions
  • 4 negative mentions
  • 0 very negative mentions
Mentions as of
9/22/2024
  • 21 very positive mentions
  • 25 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
10/22/2024
  • 40 very positive mentions
  • 17 positive mentions
  • 3 negative mentions
  • 0 very negative mentions
Mentions as of
11/21/2024
  • 47 very positive mentions
  • 7 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
Mentions as of
12/21/2024

Current Sentiment

  • 47 very positive mentions
  • 7 positive mentions
  • 2 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

Positive

Very Positive

Otis Worldwide logo
Otis Worldwide Corporation engages in manufacturing, installation, and servicing of elevators and escalators in the United States, China, and internationally. The company operates in two segments, New Equipment and Service. The New Equipment segment designs, manufactures, sells, and installs a range of passenger and freight elevators, as well as escalators and moving walkways for residential and commercial buildings, and infrastructure projects. This segment serves real-estate and building developers, and general contractors. It sells its products directly to customers, as well as through agents and distributors. The Service segment performs maintenance and repair services, as well as modernization services to upgrade elevators and escalators. Otis Worldwide Corporation was founded in 1853 and is headquartered in Farmington, Connecticut.
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Today's Range

Now: $93.56
Low: $92.68
High: $94.06

50 Day Range

MA: $100.56
Low: $92.87
High: $106.01

52 Week Range

Now: $93.56
Low: $85.42
High: $106.33

Volume

4,294,172 shs

Average Volume

2,090,465 shs

Market Capitalization

$37.37 billion

P/E Ratio

23.33

Dividend Yield

1.66%

Beta

1.04

Frequently Asked Questions

What sell-side analysts currently cover shares of Otis Worldwide?

The following Wall Street analysts have issued stock ratings on Otis Worldwide in the last year: Argus, Barclays PLC, JPMorgan Chase & Co., Melius, Morgan Stanley, Royal Bank of Canada, UBS Group AG, Vertical Research, Wells Fargo & Company, and Wolfe Research.
View the latest analyst ratings for OTIS.

What is the current price target for Otis Worldwide?

0 Wall Street analysts have set twelve-month price targets for Otis Worldwide in the last year. Their average twelve-month price target is $104.50, suggesting a possible upside of 11.7%. UBS Group AG has the highest price target set, predicting OTIS will reach $113.00 in the next twelve months. Barclays PLC has the lowest price target set, forecasting a price of $94.00 for Otis Worldwide in the next year.
View the latest price targets for OTIS.

What is the current consensus analyst rating for Otis Worldwide?

Otis Worldwide currently has 2 sell ratings, 6 hold ratings and 2 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Hold." A "hold" rating indicates that analysts believe investors should keep any existing positions they have in OTIS, but not buy more shares or sell existing shares.
View the latest ratings for OTIS.

What other companies compete with Otis Worldwide?

Other companies that are similar to Otis Worldwide include ABB, GE Vernova, Regal Rexnord, CAE and Novanta. Learn More about companies similar to Otis Worldwide.

How do I contact Otis Worldwide's investor relations team?

Otis Worldwide's physical mailing address is ONE CARRIER PLACE, FARMINGTON CT, 06032. The company's listed phone number is 860-674-3000 and its investor relations email address is [email protected]. The official website for Otis Worldwide is www.otis.com. Learn More about contacing Otis Worldwide investor relations.