
Otis Worldwide (OTIS) Stock Forecast & Price Target
Otis Worldwide (OTIS) Analyst Ratings
Bulls say
Otis Worldwide has demonstrated a robust positive trajectory, with a 22% year-over-year increase in mod order intake and a backlog up 16% year-over-year as of Q2, indicating strong demand and operational momentum. Management anticipates further acceleration in the latter half of the year, with the backlog showing an 8% increase by the end of the quarter. Additionally, the company has consistently increased its new equipment market share since 2020, achieved a doubling in the growth rate of its service portfolio units, and outperformed key competitors in margin expansion, all contributing to a favorable outlook for the stock.
Bears say
Otis Worldwide has experienced a significant negative shift in its financial outlook, marked by a reduction in guidance for the fourth consecutive quarter, leading to a notable 13% sell-off of its stock. The company's Q2 results showed a decline in organic sales by 2%, indicating potential challenges in revenue generation. Additionally, the updated guidance for 2025 reflects decreased organic sales expectations across three out of five categories, highlighting broader operational and market-related difficulties.
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
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