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Otis Worldwide Corp has a consensus price target of $91.6 based on the ratings of 16 analysts. The high is $110 issued by RBC Capital on September 19, 2024. The low is $76 issued by Wells Fargo on January 19, 2023. The 3 most-recent analyst ratings were released by RBC Capital, Morgan Stanley, and Wells Fargo on September 19, 2024, September 6, 2024, and July 25, 2024, respectively. With an average price target of $100.67 between RBC Capital, Morgan Stanley, and Wells Fargo, there's an implied -2.99% downside for Otis Worldwide Corp from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Otis Worldwide (NYSE:OTIS) was reported by RBC Capital on September 19, 2024. The analyst firm set a price target for $110.00 expecting OTIS to rise to within 12 months (a possible 6.00% upside). 15 analyst firms have reported ratings in the last year.
The latest analyst rating for Otis Worldwide (NYSE:OTIS) was provided by RBC Capital, and Otis Worldwide reiterated their outperform rating.
The last upgrade for Otis Worldwide Corp happened on February 22, 2024 when Argus Research raised their price target to $102. Argus Research previously had a hold for Otis Worldwide Corp.
The last downgrade for Otis Worldwide Corp happened on January 2, 2024 when Vertical Research changed their price target from N/A to N/A for Otis Worldwide Corp.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Otis Worldwide, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Otis Worldwide was filed on September 19, 2024 so you should expect the next rating to be made available sometime around September 19, 2025.
While ratings are subjective and will change, the latest Otis Worldwide (OTIS) rating was a reiterated with a price target of $110.00 to $110.00. The current price Otis Worldwide (OTIS) is trading at is $103.77, which is out of the analyst’s predicted range.
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