Analyst Price Target is $77.00
▼ -3.45% Downside 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 $77.00, with a high forecast of $85.00 and a low forecast of $62.00. The average price target represents a -3.45% upside from the last price of $79.75.
Current Consensus is
The current consensus among 10 contributing investment analysts is to hold stock in Otis Worldwide. This rating has held steady since July 2021, when it changed from a Buy consensus rating.
Otis Worldwide Corporation manufactures, installs, and services 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. The Service segment performs maintenance and repair services, as well as modernization services to upgrade elevators and escalators. It had a network of approximately 34,000 service mechanics operating approximately 1,400 branches and offices. The company was founded in 1853 and is headquartered in Farmington, Connecticut.