
Otis Worldwide (OTIS) Stock Forecast & Price Target
Otis Worldwide (OTIS) Analyst Ratings
Bulls say
Otis Worldwide has demonstrated strong financial performance, with a remarkable 22% year-over-year growth in modified order intake for Q2 and a 16% increase in backlog, indicating robust demand for its products and services. The company has also experienced sustained increases in new equipment market share and has notably doubled the growth rate of its service portfolio since 2020, showcasing its competitive edge in the marketplace. Additionally, Otis has consistently outperformed key peers in terms of margin progression, further reinforcing a positive outlook for the company.
Bears say
Otis Worldwide has reduced its financial guidance for the fourth consecutive quarter, culminating in a significant 13% decline in its stock price following the Q2 earnings release. The company reported a 2% decline in organic sales, reflecting a downturn in performance and market demand. Furthermore, revised forecasts for 2025 indicate a reduction in organic sales expectations across three out of five categories, raising concerns about future revenue growth and overall business health.
This aggregate rating is based on analysts' research of Otis Worldwide and is not a guaranteed prediction by Public.com or investment advice.
Otis Worldwide (OTIS) Analyst Forecast & Price Prediction
Start investing in Otis Worldwide (OTIS)
Order type
Buy in
Order amount
Est. shares
0 shares